Syndicated Bank Loan Market Summary – Week Ending 2/28/25
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Syndicated Bank Loan Market Summary: Week Ending 2/28/25
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 2/28/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Storable Inc | 920 | Term Loan | 4/1/2031 | S+325 |
forward calendar
Forward calendar during the week ending 2/28/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Alltech Inc | $687MM TL | DB | Q1 2024 |
| American Airlines Inc | $2.275B TLB | Q1 2024 | |
| Avient Corp | $721MM TLB-8 | Q1 2024 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 2/21/25-2/28/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,145 | MAGNOLIA TL | -0.95% | 90.27 | 91.14 | 11 |
| 2 | 4,750 | ZAYO TL | -0.33% | 95.43 | 95.75 | 13 |
| 3 | 4,741 | INTERNET BRANDS TL B | -0.26% | 97.75 | 98.00 | 14 |
| 4 | 4,525 | TRANSDIGM INC. TL I | -0.10% | 100.16 | 100.26 | 17 |
| 5 | 4,479 | TIBCO TL B | -0.29% | 100.23 | 100.53 | 14 |
| 6 | 4,260 | NUMERICABLE TL B14 | 4.35% | 89.46 | 85.72 | 10 |
| 7 | 4,226 | INSPIRE BRANDS TL B | -0.24% | 99.86 | 100.11 | 14 |
| 8 | 4,204 | JANE STREET TL B | -0.54% | 98.70 | 99.24 | 17 |
| 9 | 4,204 | JANE STREET TL B | -0.54% | 98.70 | 99.24 | 17 |
| 10 | 4,001 | CITADEL TL B | -0.12% | 100.13 | 100.24 | 12 |
| 11 | 3,935 | SS&C TECH TL B8 | -0.06% | 100.16 | 100.21 | 18 |
| 12 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | 0.00% | 100.04 | 100.04 | 12 |
| 13 | 3,859 | ALLIANT HLDGS I INC TL B | -0.06% | 99.81 | 99.87 | 22 |
| 14 | 3,642 | MASMOVIL IBERCOM SA EUR TL B3 | 0.10% | 100.07 | 99.97 | 14 |
| 15 | 3,640 | TRANSDIGM INC. TL J | -0.10% | 100.01 | 100.11 | 20 |
| 16 | 3,573 | CDK GLOBAL TL B | -0.70% | 91.15 | 91.79 | 18 |
| 17 | 3,500 | AMERICAN AIRLINES TL B | -0.33% | 102.01 | 102.35 | 12 |
| 18 | 3,380 | SOLERA TL B | -0.17% | 99.69 | 99.86 | 16 |
| 19 | 3,340 | PROOFPOINT TL B | -0.06% | 100.22 | 100.29 | 16 |
| 20 | 3,250 | CORELOGIC TL B | -0.06% | 99.52 | 99.58 | 12 |
| AVERAGE | 4,078 | -0.02% | 98.17 | 100.35 | 15.0 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 2/21/25-2/28/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | IDERA PHARMACEUTICALS INC TL B | 3.34% | 94.26 | 91.21 | 11 |
| 2 | TENNECO TL A | 3.19% | 98.16 | 95.12 | 9 |
| 3 | VACO TL B | 2.61% | 91.42 | 89.10 | 8 |
| 4 | NUMERICABLE TL B13 | 1.99% | 86.64 | 84.95 | 11 |
| 5 | ALTICE FINANCING TL B | 1.89% | 86.76 | 85.15 | 11 |
| 6 | BAUSCH HEALTH COMPANIES INC. TL B | 1.09% | 99.43 | 98.35 | 11 |
| 7 | CAMPING WORLD TL B | 0.70% | 97.90 | 97.22 | 14 |
| 8 | VIASAT INC TL B | 0.69% | 91.40 | 90.77 | 10 |
| 9 | HERBALIFE TL B | 0.62% | 100.04 | 99.41 | 12 |
| 10 | CONSTANT CONTACT TL B | 0.38% | 92.51 | 92.16 | 9 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 2/21/25-2/28/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | RESOURCE LABEL GROUP TL | -5.86% | 90.29 | 95.92 | 10 |
| 2 | HELP AT HOME TL | -4.08% | 95.78 | 99.86 | 10 |
| 3 | RACKSPACE HOSTING TL B | -3.72% | 56.97 | 59.17 | 13 |
| 4 | MODIVCARE INC TL B | -2.47% | 79.32 | 81.33 | 9 |
| 5 | MAGNOLIA 2ND LIEN TL | -1.83% | 80.19 | 81.68 | 9 |
| 6 | LIFEPOINT HOSPITALS TL B | -1.68% | 96.98 | 98.64 | 11 |
| 7 | CLUB CAR TL | -1.62% | 93.55 | 95.09 | 9 |
| 8 | OMNI LOGISTICS TL B | -1.51% | 98.03 | 99.54 | 10 |
| 9 | DAVE & BUSTER’S TL B | -1.51% | 93.89 | 95.33 | 12 |
| 10 | AMERICAN TRAILER WORLD TL | -1.38% | 84.00 | 85.17 | 15 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 2/21/25-2/28/25 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 2/21/25-2/28/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 2/21/25 vs. the week ending 2/28/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | EDGEWATER GENERATION TL B | 2 | 48 | 46 | 2300% |
| 2 | TRITON WATER TL B | 28 | 72 | 44 | 157% |
| 3 | SIGNATURE AVIATION TL B | 48 | 92 | 44 | 92% |
| 4 | TRANSDIGM INC. TL J | 102 | 144 | 42 | 41% |
| 5 | TRANSDIGM INC. TL K | 102 | 142 | 40 | 39% |
| 6 | API GROUP TL | 28 | 68 | 40 | 143% |
| 7 | APPLIED SYSTEMS TL B | 18 | 58 | 40 | 222% |
| 8 | CHAMBERLAIN GROUP TL B | 66 | 104 | 38 | 58% |
| 9 | GRAY TELEVISION TL D | 76 | 110 | 34 | 45% |
| 10 | TRANSDIGM INC. TL I | 100 | 134 | 34 | 34% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 2/21/25-2/28/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ALLIANT HLDGS I INC TL B | 23 |
| 2 | TRANSDIGM INC. TL K | 20 |
| 3 | TRANSDIGM INC. TL J | 20 |
| 4 | WHITE CAP BUYER LLC TL B | 20 |
| 5 | GOLDEN NUGGET INC TL B | 20 |
| 6 | DAVITA TL B | 20 |
| 7 | CDK GLOBAL TL B | 19 |
| 8 | FRONERI TL B | 19 |
| 9 | GO DADDY TL B | 19 |
| 10 | HUB INTL LTD TL B | 19 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 2/21/25-2/28/25
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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