Syndicated Bank Loan Market Summary – Week Ending 5/16/25
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Syndicated Bank Loan Market Summary: Week Ending 5/16/25
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 5/16/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| AI Sirona Luxembourg Acquisition Sarl | 1825 | Term Loan | 9/29/2028 | E+500 |
| AI Sirona Luxembourg Acquisition Sarl | 100 | Term Loan | 9/30/2028 | S+400 |
forward calendar
Forward calendar during the week ending 5/16/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| American Auto Auction Group LLC) | $985 TL (Floor:0,101 soft) | Q2 2024 | |
| Antylia Scientific (Cpi Buyer LLC) | $865 (B3/B) | UBS, BCLY, BMO, STDR, HSBC, JEFF, GS | Q2 2024 |
| Brookfield Properties Retail Holding LLC) | $850 TLB (B1/B+) OID 98.5, 101 soft call for 6M | WF, DBK, MS, RBC, BofA, BCLY, CTG, GS, SMBC, TD,SG, NBOC | Q2 2024 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 5/9/25-5/16/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,631 | MEDLINE BORROWER LP (USD) TL S+225 10/21/2028 | 0.66% | 99.98 | 99.32 | 10 |
| 2 | 6,145 | MAGNOLIA (USD) TL L+375 2/1/2028 | -1.25% | 86.92 | 88.02 | 11 |
| 3 | 4,750 | ZAYO (USD) TL L+300 3/9/2027 | 0.40% | 94.92 | 94.54 | 14 |
| 4 | 4,741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | 0.80% | 97.07 | 96.30 | 12 |
| 5 | 4,525 | TRANSDIGM INC (USD) TL I S+275 8/24/2028 | 0.22% | 100.25 | 100.03 | 16 |
| 6 | 4,479 | TIBCO (USD) TL B S+350 3/30/2029 | 0.40% | 99.93 | 99.53 | 11 |
| 7 | 4,300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.59% | 99.61 | 99.03 | 11 |
| 8 | 4,226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | 0.22% | 99.91 | 99.69 | 14 |
| 9 | 4,204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.42% | 99.85 | 99.44 | 16 |
| 10 | 4,001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.18% | 100.32 | 100.14 | 11 |
| 11 | 3,935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.15% | 100.29 | 100.14 | 16 |
| 12 | 3,859 | ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 | 0.21% | 99.73 | 99.52 | 19 |
| 13 | 3,640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.31% | 99.96 | 99.65 | 16 |
| 14 | 3,573 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | 4.53% | 88.63 | 84.79 | 17 |
| 15 | 3,566 | AIR MEDICAL (USD) PIK TL B S+550 10/2/2028 | 0.10% | 100.00 | 99.90 | 10 |
| 16 | 3,491 | WESTINGHOUSE (USD) TL B S+250 1/5/2031 | 0.50% | 99.86 | 99.36 | 14 |
| 17 | 3,420 | RCN GRANDE (USD) TL L+325 9/25/2026 | 0.62% | 87.45 | 86.90 | 10 |
| 18 | 3,393 | GENESYS TELECOM (USD) TL B S+250 1/23/2032 | 0.37% | 99.68 | 99.32 | 10 |
| 19 | 3,380 | SOLERA (USD) TL B L+400 6/2/2028 | 0.13% | 97.02 | 96.89 | 18 |
| 20 | 3,340 | PROOFPOINT (USD) TL B S+300 8/31/2028 | -0.14% | 99.82 | 99.96 | 12 |
| AVERAGE | 4,230 | 0.47% | 97.56 | 99.90 | 13.4 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 5/9/25-5/16/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | LESLIE’S POOLMART (USD) TL B L+275 3/9/2028 | 6.86% | 74.42 | 69.64 | 13 |
| 2 | PETCO (USD) TL B L+325 3/3/2028 | 5.43% | 91.68 | 86.96 | 15 |
| 3 | CORNERSTONE BLDG BRANDS INC (USD) TL L+325 4/12/2028 | 5.05% | 88.67 | 84.40 | 13 |
| 4 | LEAF HOME SOLUTIONS (USD) TL S+475 2/16/2029 | 4.58% | 95.64 | 91.45 | 7 |
| 5 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | 4.53% | 88.63 | 84.79 | 17 |
| 6 | TRAEGER (USD) TL L+350 6/29/2028 | 4.18% | 87.11 | 83.61 | 12 |
| 7 | INTERNET BRANDS (USD) TL B4 S+425 12/11/2031 | 3.89% | 92.53 | 89.06 | 12 |
| 8 | CRASH CHAMPIONS LLC (USD) TL B S+475 2/6/2029 | 3.50% | 92.76 | 89.62 | 12 |
| 9 | INEOS FIN PLC (USD) TL B S+300 2/7/2031 | 3.27% | 93.72 | 90.76 | 11 |
| 10 | BRAND INDL SERVS INC (USD) TL B S+450 8/1/2030 | 3.21% | 89.74 | 86.96 | 13 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 5/9/25-5/16/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | FLEETPRIDE (USD) TL B S+450 9/4/2028 | -6.34% | 80.64 | 86.10 | 12 |
| 2 | POWER BUYER (USD) TL S+450 2/7/2031 | -4.56% | 90.58 | 94.90 | 8 |
| 3 | OLDCASTLE (USD) TL B S+425 4/29/2029 | -2.17% | 93.38 | 95.46 | 15 |
| 4 | RED VENTURES (USD) TL B S+275 3/3/2030 | -1.88% | 92.07 | 93.84 | 6 |
| 5 | 8TH AVENUE FOOD & PROVISIONS (USD) TL L+375 10/1/2025 | -1.37% | 91.67 | 92.94 | 8 |
| 6 | MAGNOLIA (USD) TL L+375 2/1/2028 | -1.25% | 86.92 | 88.02 | 10 |
| 7 | US LBM (USD) TL B S+375 5/29/2031 | -1.20% | 94.08 | 95.22 | 8 |
| 8 | VIASAT INC (USD) TL B S+375 3/2/2029 | -1.19% | 93.49 | 94.62 | 11 |
| 9 | HILEX POLY (USD) TL B S+350 3/26/2032 | -1.00% | 98.75 | 99.75 | 10 |
| 10 | HOUSE OF HR GROUP BV (EUR) TL B E+500 11/3/2029 | -0.99% | 87.96 | 88.84 | 8 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 5/9/25-5/16/25 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 5/9/25-5/16/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 5/9/25 vs. the week ending 5/16/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | QLIK TECHNOLOGIES (USD) TL B S+325 10/26/2030 | 2 | 66 | 64 | 3200% |
| 2 | SIGNATURE AVIATION US HLDGS INC (USD) TL B S+275 7/1/2031 | 48 | 80 | 32 | 67% |
| 3 | ORBITER GROUP (EUR) TL B E+400 10/18/2028 | 0 | 32 | 32 | NA |
| 4 | POWER SOLUTIONS (EUR) TL B E+325 7/11/2031 | 22 | 52 | 30 | 136% |
| 5 | BIOGROUP (EUR) TL B E+350 1/28/2028 | 40 | 68 | 28 | 70% |
| 6 | BELLIS ACQUISITION CO PLC (EUR) TL B E+425 5/2/2031 | 54 | 80 | 26 | 48% |
| 7 | SEBIA INTERNATIONAL SA (EUR) TL B E+375 12/13/2027 | 40 | 66 | 26 | 65% |
| 8 | BUSY BEES (EUR) TL B E+375 3/10/2028 | 26 | 51 | 25 | 96% |
| 9 | NTL CABLE PLC (EUR) TL R E+325 1/31/2029 | 56 | 80 | 24 | 43% |
| 10 | NTL CABLE PLC (EUR) TL O E+250 1/4/2029 | 56 | 80 | 24 | 43% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 5/9/25-5/16/25
| 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 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 18 |
| 5 | FRONERI (USD) TL B S+200 9/16/2031 | 18 |
| 6 | GOLDEN NUGGET INC (USD) TL B S+350 1/27/2029 | 18 |
| 7 | SOLERA (USD) TL B L+400 6/2/2028 | 18 |
| 8 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | 17 |
| 9 | BROADSTREET PARTNERS INC (USD) TL B4 S+300 6/16/2031 | 17 |
| 10 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 5/9/25-5/16/25
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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