Syndicated Bank Loan Market Summary – Week Ending 5/9/25
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Syndicated Bank Loan Market Summary: Week Ending 5/9/25
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 5/9/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| JHCC Holdings LLC | 60 | Delayed-draw Term Loan | 9/9/2025 | S+550 |
| Concordia Healthcare Corp. | 165 | Term Loan | 10/17/2031 | E+425 |
| MediaOcean LLC | 350 | Term Loan | 12/15/2028 | S+350 |
| Tetra Technologies Inc. | 250 | Term Loan | 5/5/2028 | S+112.5 |
forward calendar
Forward calendar during the week ending 5/9/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Middle River Power | $1.55B TL | STDR | Q2 2025 |
| Viavi Solutions Inc. | $425MM TLB | WF | Q2 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 5/2/25-5/9/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,631 | MEDLINE BORROWER LP (USD) TL S+225 10/21/2028 | -0.14% | 99.32 | 99.46 | 10 |
| 2 | 6,145 | MAGNOLIA (USD) TL L+375 2/1/2028 | 0.94% | 88.02 | 87.20 | 11 |
| 3 | 4,750 | ZAYO (USD) TL L+300 3/9/2027 | 1.49% | 94.54 | 93.16 | 14 |
| 4 | 4,741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | 1.85% | 96.30 | 94.55 | 12 |
| 5 | 4,525 | TRANSDIGM INC (USD) TL I S+275 8/24/2028 | 0.12% | 100.03 | 99.90 | 17 |
| 6 | 4,479 | TIBCO (USD) TL B S+350 3/30/2029 | 0.48% | 99.53 | 99.05 | 12 |
| 7 | 4,300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.10% | 99.03 | 98.92 | 11 |
| 8 | 4,226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | 0.23% | 99.69 | 99.47 | 14 |
| 9 | 4,204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.40% | 99.44 | 99.04 | 16 |
| 10 | 4,001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.14% | 100.14 | 100.00 | 13 |
| 11 | 3,935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.16% | 100.14 | 99.98 | 17 |
| 12 | 3,859 | ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 | 0.11% | 99.52 | 99.41 | 19 |
| 13 | 3,640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.45% | 99.65 | 99.21 | 16 |
| 14 | 3,573 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | 1.47% | 84.79 | 83.56 | 16 |
| 15 | 3,566 | AIR MEDICAL (USD) PIK TL B S+550 10/2/2028 | 0.00% | 99.90 | 99.91 | 10 |
| 16 | 3,491 | WESTINGHOUSE (USD) TL B S+250 1/5/2031 | 0.27% | 99.36 | 99.10 | 14 |
| 17 | 3,420 | RCN GRANDE (USD) TL L+325 9/25/2026 | -0.13% | 86.90 | 87.02 | 10 |
| 18 | 3,380 | SOLERA (USD) TL B L+400 6/2/2028 | 0.24% | 96.89 | 96.67 | 18 |
| 19 | 3,340 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.41% | 99.96 | 99.55 | 12 |
| 20 | 3,119 | EPICOR SOFTWARE CORP (USD) TL B S+275 5/30/2031 | 0.26% | 99.90 | 99.64 | 14 |
| AVERAGE | 4,216 | 0.44% | 97.15 | 99.51 | 13.8 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 5/2/25-5/9/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | OLAPLEX (USD) TL B S+375 2/23/2029 | 4.98% | 94.63 | 90.14 | 11 |
| 2 | WEBSTP TL 1L USD (USD) EXT TL B S+425 10/30/2027 | 4.11% | 97.78 | 93.91 | 6 |
| 3 | WEBSTP TL 1L USD (USD) TL B L+325 10/30/2027 | 3.92% | 97.94 | 94.24 | 7 |
| 4 | CHEPLAPHARM ARZNEIMITTEL GMBH (EUR) TL B E+400 2/22/2029 | 2.93% | 96.64 | 93.88 | 13 |
| 5 | DEXKO (USD) TL B L+375 10/4/2028 | 2.55% | 94.55 | 92.20 | 15 |
| 6 | ION TRADING TECHS SARL (EUR) TL B E+425 4/1/2028 | 2.26% | 97.94 | 95.78 | 9 |
| 7 | DARKTRACE (USD) 2L TL S+525 7/2/2032 | 2.25% | 97.00 | 94.86 | 7 |
| 8 | LEAF HOME SOLUTIONS (USD) TL S+475 2/16/2029 | 2.06% | 91.45 | 89.60 | 7 |
| 9 | STYROLUTION (EUR) TL B E+425 10/7/2031 | 1.90% | 91.07 | 89.37 | 9 |
| 10 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | 1.85% | 96.30 | 94.55 | 11 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 5/2/25-5/9/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | BRAND INDL SERVS INC (USD) TL B S+450 8/1/2030 | -5.80% | 86.96 | 92.31 | 13 |
| 2 | ADVANTAGE SALES (USD) TL B S+425 10/28/2027 | -5.23% | 82.06 | 86.59 | 11 |
| 3 | B&G FOODS INC (USD) TL B S+350 10/27/2029 | -5.03% | 90.71 | 95.51 | 10 |
| 4 | ACPRODUCTS HLDGS INC (USD) TL B L+425 5/17/2028 | -4.95% | 63.58 | 66.89 | 11 |
| 5 | CORNERSTONE BLDG BRANDS INC (USD) TL L+325 4/12/2028 | -2.78% | 84.40 | 86.82 | 13 |
| 6 | RED VENTURES (USD) TL B S+275 3/3/2030 | -2.52% | 93.84 | 96.27 | 7 |
| 7 | ECHO GLOBAL LOGISTICS (USD) TL B L+375 11/23/2028 | -1.95% | 92.00 | 93.83 | 8 |
| 8 | GLATFELTER CORP (USD) TL B S+425 10/11/2031 | -1.92% | 93.82 | 95.65 | 6 |
| 9 | INEOS FIN PLC (USD) TL B S+300 2/7/2031 | -1.58% | 90.76 | 92.21 | 11 |
| 10 | CABLE ONE INC (USD) TL B L+200 5/3/2028 | -1.40% | 95.37 | 96.73 | 6 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 5/2/25-5/9/25 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 5/2/25-5/9/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 5/2/25 vs. the week ending 5/9/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | ENDO FIN HLDGS INC (USD) TL S+400 4/23/2031 | 28 | 50 | 22 | 79% |
| 2 | IGT HOLDING (EUR) TL B6 E+350 8/31/2031 | 2 | 24 | 22 | 1100% |
| 3 | ALTER DOMUS (EUR) TL B E+375 10/30/2031 | 24 | 44 | 20 | 83% |
| 4 | PATHWAY PARTNERS VET MANAGEMENT (USD) 1ST OUT TL S+500 6/30/2028 | 6 | 24 | 18 | 300% |
| 5 | ALI GROUP (USD) TL L+200 10/13/2028 | 28 | 45 | 17 | 61% |
| 6 | BETCLIC (EUR) TL B E+375 12/5/2031 | 22 | 38 | 16 | 73% |
| 7 | ALBION FNCG 1 SARL (EUR) TL B E+300 8/27/2029 | 31 | 46 | 15 | 48% |
| 8 | AMWINS GROUP INC (USD) TL B S+225 1/23/2032 | 118 | 132 | 14 | 12% |
| 9 | CALDIC (EUR) TL B E+350 2/4/2029 | 30 | 44 | 14 | 47% |
| 10 | SANTE CIE (EUR) TL B E+400 12/3/2031 | 6 | 20 | 14 | 233% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 5/2/25-5/9/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 | 19 |
| 2 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 19 |
| 3 | AMWINS GROUP INC (USD) TL B S+225 1/23/2032 | 19 |
| 4 | GOLDEN NUGGET INC (USD) TL B S+350 1/27/2029 | 18 |
| 5 | BROADSTREET PARTNERS INC (USD) TL B4 S+300 6/16/2031 | 18 |
| 6 | ROCKET SOFTWARE INC (USD) TL B S+425 11/28/2028 | 18 |
| 7 | SOLERA (USD) TL B L+400 6/2/2028 | 18 |
| 8 | TRANSDIGM INC (USD) TL I S+275 8/24/2028 | 17 |
| 9 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 17 |
| 10 | FRONERI (USD) TL B S+200 9/16/2031 | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 5/2/25-5/9/25
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.
Related Resources
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