Market Summary
May 2025

Syndicated Bank Loan Market Summary – Week Ending 5/30/25

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Syndicated Bank Loan Market Summary: Week Ending 5/30/25

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 5/30/25

ISSUERAMOUNT (MM)LOAN TYPEMATURITYRATE
Dedalus Finance GmbH 1225 Term Loan 5/1/2030 E+425
United Talent Agency LLC 928 Term Loan 5/28/2032 S+375
Signature Aviation US Hldg Inc. 770 Term Loan 7/2/2031 S+275
Boliden AB 700 Term Loan 5/28/2028
Alvest 540 Term Loan 5/28/2032 E+375

forward calendar

Forward calendar during the week ending 5/30/25

IssuerDeal InformationBanksExpected Issue Date
CFC Group $1.27B (B2/B-) 0% floor, 101 soft call for 6M JPM Q2 2024
Compass Power Generation Llc $542.2 TLB ,1% floor, 101 soft call for 6M MS Q2 2024
First Eagle Investment Management “$2.85B (BB-/BB-) floor, OID 98.5 to 99, 101 soft call for 6M “ MS, BofA, UBS, BMO, BCLY, GS, RBC, JEFF, HSBC, WF, TRUI, ING Q2 2024

Largest Loans

Highlights the weekly price movements and quote depth for the 20 largest bank loans between 5/23/25-5/30/25

RANKSIZE (MM)NAMECHANGEPRCPRC-1WDEALERS
1 6,145 MAGNOLIA (USD) TL L+375 2/1/2028 1.21% 86.65 85.61 12
2 4,750 ZAYO (USD) TL L+300 3/9/2027 0.98% 95.07 94.15 14
3 4,741 INTERNET BRANDS (USD) TL B S+425 4/20/2028 -0.63% 95.80 96.40 11
4 4,525 TRANSDIGM INC (USD) TL I S+275 8/24/2028 0.14% 100.30 100.16 16
5 4,479 TIBCO (USD) TL B S+350 3/30/2029 0.00% 99.69 99.69 11
6 3,935 SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 0.04% 100.32 100.28 15
7 3,900 DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 0.11% 100.30 100.19 11
8 3,640 TRANSDIGM INC (USD) TL J S+250 2/12/2031 0.18% 99.95 99.77 16
9 3,573 CDK GLOBAL (USD) TL B S+325 7/6/2029 0.87% 88.82 88.05 17
10 3,420 RCN GRANDE (USD) TL L+325 9/25/2026 -0.13% 87.51 87.62 10
11 3,380 SOLERA (USD) TL B L+400 6/2/2028 0.16% 96.78 96.63 15
12 3,340 PROOFPOINT (USD) TL B S+300 8/31/2028 0.32% 99.92 99.60 12
13 3,100 ASURION (USD) TL B8 L+325 12/23/2026 0.06% 99.89 99.83 10
14 3,095 PAREXEL INTERNATIONAL (USD) TL B S+250 11/15/2028 0.10% 99.96 99.86 12
15 3,000 DELTA SKYMILES (USD) TL B L+375 10/20/2027 0.13% 100.53 100.40 14
16 2,750 REALPAGE INC (USD) TL B L+325 4/24/2028 0.29% 99.23 98.95 14
17 2,710 DELL SOFTWARE GROUP (USD) TL B S+425 2/1/2029 -4.20% 50.32 52.53 10
18 2,700 SYNEOS HEALTH INC (USD) TL B S+400 9/20/2030 -0.04% 98.02 98.07 12
19 2,619 TEAM HEALTH (USD) EXT TL B S+525 3/2/2027 0.19% 99.47 99.28 12
20 2,600 CORNERSTONE BLDG BRANDS INC (USD) TL L+325 4/12/2028 0.64% 88.32 87.75 15
AVERAGE 3,620 0.02% 94.34 99.99 13.0

Top 10 Performers

Showcases the top 10 loan performers based on the largest bid price increases between 5/23/25-5/30/25

RANKNAMECHANGEPRCPRC-1WDEALERS
1 8TH AVENUE FOOD & PROVISIONS (USD) TL L+375 10/1/2025 5.93% 96.92 91.49 9
2 KIK CUSTOM (USD) TL B S+400 6/26/2031 3.35% 85.11 82.36 13
3 OREGON TOOL LUX LP (USD) 2L TL B S+400 10/15/2029 2.21% 78.52 76.82 4
4 FONCIA GROUPE (EUR) TL B E+525 3/27/2028 1.97% 90.17 88.43 13
5 OMNI LOGISTICS (USD) TL B S+400 9/20/2030 1.54% 98.08 96.60 12
6 ZAYO (USD) TL S+425 3/9/2027 1.30% 95.64 94.41 14
7 MULTI-COLOR (USD) TL B L+500 10/29/2028 1.23% 89.22 88.14 14
8 BIOGROUP (EUR) TL B E+350 1/28/2028 1.05% 99.17 98.14 15
9 ACPRODUCTS HLDGS INC (USD) TL B L+425 5/17/2028 0.88% 73.64 73.00 10
10 CDK GLOBAL (USD) TL B S+325 7/6/2029 0.87% 88.82 88.05 17

Bottom 10 Perfromers

Showcases the bottom 10 loan performers based on the largest bid price decreases between 5/23/25-5/30/25

RANKNAMECHANGEPRCPRC-1WDEALERS
1 INTERIOR LOGIC (USD) TL B L+350 4/3/2028 -7.32% 67.31 72.62 10
2 CAST & CREW (USD) TL B S+375 12/30/2028 -2.98% 94.12 97.01 5
3 VANTAGE SPECIALTY (USD) TL B S+475 10/26/2026 -2.14% 95.10 97.18 11
4 CERAMTEC (EUR) TL B E+425 3/16/2029 -1.63% 96.87 98.48 16
5 SITEL LLC / SITEL FIN CORP (USD) TL B L+375 8/28/2028 -1.45% 57.73 58.58 10
6 MERLIN ENTERTAINMENTS (USD) TL B S+350 11/24/2029 -1.13% 94.02 95.10 9
7 BRAND INDL SERVS INC (USD) TL B S+450 8/1/2030 -0.85% 84.56 85.28 14
8 STYROLUTION (USD) TL B S+425 3/9/2029 -0.72% 91.21 91.87 5
9 INTERNET BRANDS (USD) TL B S+425 4/20/2028 -0.63% 95.80 96.40 11
10 CERBA HEALTHCARE (EUR) TL C E+400 2/16/2029 -0.41% 77.42 77.74 14

Avg Bid PX by Sector

Displays the average loan bid price by sector between 5/23/25-5/30/25 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 5/23/25-5/30/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 5/23/25 vs. the week ending 5/30/25

RANKTRANCHEPRIOR WEEKTHIS WEEKINCREASE% INCREASE
1 HOMEVI (EUR) TL B E+500 10/27/2029 0 16 16 NA
2 RCN GRANDE (USD) TL L+325 9/25/2026 14 28 14 100%
3 ALTICE FNCG SA (EUR) TL B E+500 10/27/2027 0 8 8 NA
4 ACCELERATED HEALTH SYSTEMS LLC (USD) TL B S+450 2/15/2029 7 14 7 100%
5 ALTICE FNCG SA (EUR) TL B S+500 10/2/2027 10 16 6 60%
6 HOLOGIC INC (USD) TL L+125 9/27/2026 0 6 6 NA
7 INEOS FIN PLC (EUR) TL B E+275 11/8/2028 20 26 6 30%
8 INTRAWEST (USD) TL B L+350 8/17/2028 0 6 6 NA
9 SGB-SMIT (EUR) TL B E+450 4/18/2028 0 6 6 NA
10 INFORMATICA (USD) TL B S+250 10/29/2028 18 24 6 33%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 5/23/25-5/30/25

RANKTRANCHEDEALERS
1 ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 19
2 AMWINS GROUP INC (USD) TL B S+225 1/23/2032 19
3 HUB INTL LTD (USD) TL B S+250 6/20/2030 19
4 CEVA SANTE ANIMALE (EUR) TL B E+350 11/30/2030 18
5 ZIGGO (EUR) TL H E+300 1/17/2029 17
6 BMC SOFTWARE (USD) TL B S+325 7/30/2031 17
7 CDK GLOBAL (USD) TL B S+325 7/6/2029 17
8 WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 17
9 GOLDEN NUGGET INC (USD) TL B S+350 1/27/2029 17
10 BROADSTREET PARTNERS INC (USD) TL B4 S+300 6/16/2031 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 5/23/25-5/30/25

Sector Bid-Offer Spread

Results are based on 5 select industry sectors, however, we offer data across 36 sectors


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