Syndicated Bank Loan Market Summary – Week Ending 12/20/24
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Syndicated Bank Loan Market Summary: Week Ending 12/20/24
Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
New Issues
Loans issued during the week ending 12/20/24
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
forward calendar
Forward calendar during the week ending 12/20/24
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Hamilton Projects Acquiror LLC | $997.5M TL (Ba3/BB-) | JEF | Q4 2024 |
| Oyo (Oravel) | $825M TL (B2/B/B) | DB | Q4 2024 |
| Pacific Bells LLC | $471.7M TL | CFG | Q4 2024 |
| Sabre Industries (Tiget Acquisition Llc) | $961.9M TL | JEF, GS, WFC | Q4 2024 |
| Talen Energy Supply LLC | $859M TLB | C, DB, BNP, MUFG, RBC, BNS, SMBC, MS, GS, SAN | Q4 2024 |
| Abc Technologies Holdings Inc. | $1.725B TL | C, SAN, TD , BMO, CIBC, DB, BNS, NWG, Mizuho | Q4 2024 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 12/13/24 – 12/20/24
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,145 | MAGNOLIA TL | -1.04% | 92.87 | 93.84 | 11 |
| 2 | 5,098 | HUB INTL LTD TL B | -0.43% | 100.52 | 100.96 | 17 |
| 3 | 4,750 | ZAYO TL | -1.49% | 93.25 | 94.66 | 16 |
| 4 | 4,741 | INTERNET BRANDS TL B | -0.13% | 99.99 | 100.11 | 16 |
| 5 | 4,525 | TRANSDIGM INC. TL I | -0.20% | 100.22 | 100.42 | 16 |
| 6 | 4,237 | INSPIRE BRANDS TL | -0.22% | 100.03 | 100.25 | 11 |
| 7 | 4,001 | CITADEL TL B | -0.19% | 100.23 | 100.42 | 11 |
| 8 | 3,935 | SS&C TECH TL B8 | -0.29% | 100.16 | 100.45 | 16 |
| 9 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | -0.26% | 100.19 | 100.45 | 15 |
| 10 | 3,859 | ALLIANT HLDGS I INC TL B | -0.40% | 100.22 | 100.63 | 17 |
| 11 | 3,640 | TRANSDIGM INC. TL J | -0.16% | 100.10 | 100.26 | 15 |
| 12 | 3,640 | TRANSDIGM INC. TL J | -0.16% | 100.10 | 100.26 | 15 |
| 13 | 3,573 | CDK GLOBAL TL B | -0.57% | 98.57 | 99.14 | 14 |
| 14 | 3,500 | WESTINGHOUSE TL B | -0.47% | 100.04 | 100.52 | 15 |
| 15 | 3,500 | AMERICAN AIRLINES TL B | -0.34% | 102.58 | 102.93 | 13 |
| 16 | 3,420 | RCN GRANDE TL | 0.05% | 87.02 | 86.98 | 12 |
| 17 | 3,380 | SOLERA TL B | -0.31% | 100.09 | 100.41 | 17 |
| 18 | 3,380 | SOLERA TL B | -0.31% | 100.09 | 100.41 | 17 |
| 19 | 3,340 | PROOFPOINT TL B | -0.23% | 100.40 | 100.63 | 12 |
| 20 | 3,340 | PROOFPOINT TL B | -0.23% | 100.40 | 100.63 | 12 |
| AVERAGE | 3,995 | -0.37% | 98.85 | 99.56 | 14.4 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 12/13/24-12/20/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | LANDESK TL B | 4.92% | 77.99 | 74.34 | 8 |
| 2 | SKILLSOFT TL B | 4.25% | 87.07 | 83.52 | 12 |
| 3 | MICHAELS STORES TL | 2.94% | 80.86 | 78.55 | 16 |
| 4 | COMMERCEHUB 2ND LIEN TL B | 1.56% | 82.00 | 80.74 | 7 |
| 5 | BBB INDUSTRIES TL B | 1.45% | 89.46 | 88.18 | 10 |
| 6 | ALPHIA INC TL B | 0.87% | 96.83 | 95.99 | 11 |
| 7 | WIDEOPENWEST TL B | 0.85% | 88.68 | 87.93 | 15 |
| 8 | PLY GEM TL | 0.82% | 95.44 | 94.66 | 11 |
| 9 | KOFAX TL | 0.68% | 89.57 | 88.97 | 10 |
| 10 | PLY GEM TL B | 0.47% | 95.89 | 95.45 | 8 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 12/13/24-12/20/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | CONSTANT CONTACT 2ND LIEN TL | -7.29% | 80.64 | 86.98 | 5 |
| 2 | TRINSEO TL B | -3.26% | 66.03 | 68.26 | 12 |
| 3 | TROPICANA TL | -3.15% | 65.15 | 67.26 | 18 |
| 4 | ZAYO TL | -2.01% | 93.44 | 95.36 | 15 |
| 5 | NEP PIK TL B | -1.98% | 91.77 | 93.62 | 11 |
| 6 | HERTZ TL B | -1.82% | 89.82 | 91.48 | 9 |
| 7 | NEW FORTRESS ENERGY TL B | -1.74% | 95.70 | 97.39 | 12 |
| 8 | EW SCRIPPS EXT TL B3 | -1.66% | 88.66 | 90.16 | 12 |
| 9 | PRINCE MINERALS TL | -1.39% | 98.46 | 99.85 | 17 |
| 10 | PRIMESOURCE BUILDING TL B | -1.26% | 97.25 | 98.49 | 13 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/13/24-12/20/24 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Sentiment
Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 12/13/24-12/20/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/13/24 vs. the week ending 12/20/24
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | TELESAT TL B5 | 12 | 52 | 40 | 333% |
| 2 | ELECTRONICS FOR IMAGING TL | 28 | 58 | 30 | 107% |
| 3 | BRIGHTSPRING TL B | 54 | 82 | 28 | 52% |
| 4 | CCRR TL B | 3 | 28 | 25 | 833% |
| 5 | RSA SECURITY LLC TL B | 13 | 38 | 25 | 192% |
| 6 | FEECO TL B | 8 | 30 | 22 | 275% |
| 7 | RCS CAPITAL TL B | 28 | 46 | 18 | 64% |
| 8 | CAESARS RESORT COLLECTION TL B | 10 | 28 | 18 | 180% |
| 9 | AMERICAN REF-FUEL CO LLC TL B | 34 | 52 | 18 | 53% |
| 10 | CARESTREAM HEALTH TL B | 15 | 32 | 17 | 113% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/13/24-12/20/24
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | CSC SERVICEWORKS INC TL | 19 |
| 2 | WHITE CAP BUYER LLC TL B | 19 |
| 3 | SITEL LLC / SITEL FIN CORP TL B | 18 |
| 4 | TROPICANA TL | 18 |
| 5 | BMC SOFTWARE TL | 18 |
| 6 | BELLIS ACQUISITION CO PLC EUR TL B | 17 |
| 7 | GOLDEN NUGGET INC TL B | 17 |
| 8 | ZIGGO EUR TL H | 17 |
| 9 | AMWINS TL B | 17 |
| 10 | SOLERA TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/13/24-12/20/24
Sector Bid-Offer Spread
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
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