Syndicated Bank Loan Market Summary – Week Ending 3/14/25
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Syndicated Bank Loan Market Summary: Week Ending 3/14/25
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 3/14/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
forward calendar
Forward calendar during the week ending 3/14/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| ALLWYN ENTERTAINMENT FINANCING | $100MM TLB(0% floor (BB) 101 SOFT 6m | JPM,HSBC, ING, MUFG,GS | Q1 2024 |
| AVALARA INC | $2.5B TLB (B2/B-) 101 SOFT 6m | GS,JPM,BofA | Q1 2024 |
| BERKELEY RESEARCH GROUP HOLDINGS LLC | $875MM (B2/B) ; 175MM RC,$700MM TLB 101 SOFT 6m | RBC,JEFF, SMBC,WFC | Q1 2024 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 3/7/25-3/14/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,631 | MEDLINE TL | -0.02% | 99.95 | 99.96 | 13 |
| 2 | 6,145 | MAGNOLIA TL | -0.50% | 89.98 | 90.43 | 12 |
| 3 | 4,750 | ZAYO TL | -1.83% | 93.30 | 95.04 | 13 |
| 4 | 4,741 | INTERNET BRANDS TL B | -2.89% | 94.25 | 97.06 | 13 |
| 5 | 4,525 | TRANSDIGM INC. TL I | -0.20% | 99.80 | 100.00 | 18 |
| 6 | 4,479 | TIBCO TL B | -0.80% | 99.00 | 99.81 | 15 |
| 7 | 4,226 | INSPIRE BRANDS TL B | -0.30% | 99.42 | 99.72 | 16 |
| 8 | 4,204 | JANE STREET TL B | -0.08% | 98.36 | 98.44 | 15 |
| 9 | 4,001 | CITADEL TL B | -0.13% | 99.88 | 100.00 | 14 |
| 10 | 3,935 | SS&C TECH TL B8 | -0.09% | 99.87 | 99.97 | 19 |
| 11 | 3,859 | ALLIANT HLDGS I INC TL B | -0.33% | 99.32 | 99.65 | 22 |
| 12 | 3,642 | MASMOVIL IBERCOM SA EUR TL B3 | -0.14% | 99.86 | 100.00 | 13 |
| 13 | 3,640 | TRANSDIGM INC. TL J | -0.48% | 99.40 | 99.88 | 18 |
| 14 | 3,573 | CDK GLOBAL TL B | -3.23% | 86.71 | 89.61 | 17 |
| 15 | 3,566 | AIR MEDICAL PIK TL B | -0.20% | 99.54 | 99.74 | 10 |
| 16 | 3,500 | AMERICAN AIRLINES TL B | -0.09% | 101.68 | 101.77 | 15 |
| 17 | 3,420 | RCN GRANDE TL | -2.65% | 83.86 | 86.14 | 11 |
| 18 | 3,380 | SOLERA TL B | -3.09% | 96.12 | 99.18 | 16 |
| 19 | 3,340 | PROOFPOINT TL B | -0.43% | 99.53 | 99.96 | 13 |
| 20 | 3,250 | CORELOGIC TL B | -1.08% | 98.48 | 99.55 | 12 |
| AVERAGE | 4,190 | -0.93% | 96.91 | 100.34 | 14.8 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 3/7/25-3/14/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | PACKERS HOLDINGS TL | 3.62% | 57.43 | 55.43 | 9 |
| 2 | BARRACUDA TL | 2.70% | 88.57 | 86.24 | 17 |
| 3 | HOUGHTON MIFFLIN TL B | 2.25% | 98.91 | 96.73 | 8 |
| 4 | PODS TL B | 2.11% | 87.55 | 85.74 | 15 |
| 5 | EW SCRIPPS TL B2 | 1.54% | 99.13 | 97.63 | 11 |
| 6 | ARISGLOBAL TL | 1.46% | 95.37 | 94.00 | 4 |
| 7 | EPIC HEALTH TL B | 1.27% | 96.48 | 95.27 | 11 |
| 8 | PAYSAFE TL | 0.57% | 99.46 | 98.89 | 9 |
| 9 | GRAY TELEVISION TL B | 0.38% | 95.45 | 95.09 | 12 |
| 10 | WIRB TL | 0.17% | 99.35 | 99.18 | 4 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 3/7/25-3/14/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | ASCEND PERFORMANCE MATERIALS TL B | -42.47% | 23.06 | 40.08 | 12 |
| 2 | NEW FORTRESS ENERGY TL B | -6.54% | 86.08 | 92.10 | 11 |
| 3 | TRAVELPORT TL B | -4.05% | 89.57 | 93.35 | 13 |
| 4 | US LBM TL B | -3.95% | 92.03 | 95.81 | 14 |
| 5 | MICHAELS STORES TL | -3.92% | 74.88 | 77.93 | 12 |
| 6 | CORNERSTONE TL B | -3.73% | 89.56 | 93.03 | 9 |
| 7 | BRAND ENERGY TL B | -3.68% | 92.68 | 96.22 | 15 |
| 8 | INTERNET BRANDS TL B4 | -3.53% | 91.91 | 95.27 | 10 |
| 9 | HERTZ EXIT TL B | -3.49% | 83.17 | 86.17 | 12 |
| 10 | PLY GEM TL B | -3.35% | 88.54 | 91.61 | 11 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 3/7/25-3/14/25 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 3/7/25-3/14/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 3/7/25 vs. the week ending 3/14/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | FOCUS FINANCIAL TL B8 | 52 | 78 | 26 | 50% |
| 2 | QUIKRETE TL B1 | 62 | 86 | 24 | 39% |
| 3 | JETBLUE AWYS CORP TL B | 40 | 62 | 22 | 55% |
| 4 | XPO LOGISTICS TL B3 | 22 | 40 | 18 | 82% |
| 5 | IMPERIAL DADE TL B | 20 | 38 | 18 | 90% |
| 6 | UNIVAR TL B | 20 | 36 | 16 | 80% |
| 7 | PERRIGO TL B | 26 | 42 | 16 | 62% |
| 8 | CPPIB OVM MEMBER US LLC TL B | 6 | 20 | 14 | 233% |
| 9 | TECTA AMERICA TL B | 50 | 64 | 14 | 28% |
| 10 | FOUNDATION BUILDING TL | 72 | 86 | 14 | 19% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 3/7/25-3/14/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ALLIANT HLDGS I INC TL B | 22 |
| 2 | WHITE CAP BUYER LLC TL B | 21 |
| 3 | HUB INTL LTD TL B | 21 |
| 4 | AMWINS TL B | 20 |
| 5 | LESLIE’S POOLMART TL B | 19 |
| 6 | TRANSDIGM INC. TL K | 19 |
| 7 | SS&C TECH TL B8 | 19 |
| 8 | ROCKET SOFTWARE TL B | 19 |
| 9 | GOLDEN NUGGET INC TL B | 19 |
| 10 | BROADSTREET PARTNERS TL B4 | 19 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 3/7/25-3/14/25
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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