Syndicated Bank Loan Market Summary – Week Ending 6/13/25
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Syndicated Bank Loan Market Summary: Week Ending 6/13/25
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 6/13/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| TIC Bidco LTD | 30 | Delayed-draw Term Loan | 12/6/2031 | SN+500 |
| Occidental Petroleum Corp. | 2000 | Term Loan | 7/29/2025 | S+225 |
| Aspect Software Inc. | 39 | Term Loan | 5/5/2028 | S+700 |
| Trident AcquisitionCo LLC | 325 | Term Loan | 12/31/2031 | S+225 |
forward calendar
Forward calendar during the week ending 6/13/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Altera Corp. | $1.5B TL | BCLY,CITI,RBC,DB,KKR,BMO | Q2 2025 |
| Jostens Inc. | $447MM TL | BofA | Q2 2025 |
| Sazerac Co. Inc. | $1B TLB (Ba3/BB-) | WF | Q2 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 6/6/25-6/13/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,631 | MEDLINE BORROWER LP (USD) TL S+225 10/21/2028 | 0.01% | 99.87 | 99.86 | 10 |
| 2 | 6,145 | MAGNOLIA (USD) TL L+375 2/1/2028 | -3.48% | 83.42 | 86.43 | 15 |
| 3 | 4,750 | ZAYO (USD) TL L+300 3/9/2027 | -0.35% | 94.82 | 95.16 | 15 |
| 4 | 4,741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | -3.11% | 92.59 | 95.56 | 11 |
| 5 | 4,525 | TRANSDIGM INC (USD) TL I S+275 8/24/2028 | -0.07% | 100.18 | 100.25 | 15 |
| 6 | 4,479 | CLOUD SOFTWARE GROUP INC (USD) TL B S+350 3/30/2029 | -0.11% | 99.75 | 99.86 | 11 |
| 7 | 4,300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | -0.07% | 99.69 | 99.76 | 13 |
| 8 | 4,230 | TK ELEVATOR (US) NEWCO INC TL B | -0.08% | 100.09 | 100.17 | 14 |
| 9 | 4,226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | -0.10% | 99.77 | 99.87 | 14 |
| 10 | 4,204 | JANE STREET (USD) TL B S+200 12/10/2031 | -0.08% | 99.69 | 99.77 | 15 |
| 11 | 4,001 | CITADEL (USD) TL B S+200 10/28/2031 | -0.24% | 100.10 | 100.34 | 12 |
| 12 | 3,935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | -0.07% | 100.26 | 100.34 | 13 |
| 13 | 3,900 | DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 | -0.05% | 100.14 | 100.19 | 11 |
| 14 | 3,859 | ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 | -0.13% | 99.43 | 99.56 | 19 |
| 15 | 3,640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | -0.09% | 99.89 | 99.97 | 15 |
| 16 | 3,573 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | -5.27% | 83.92 | 88.59 | 16 |
| 17 | 3,491 | WESTINGHOUSE (USD) TL B S+250 1/5/2031 | 0.03% | 99.81 | 99.78 | 15 |
| 18 | 3,420 | RCN GRANDE (USD) TL L+325 9/25/2026 | -0.36% | 87.42 | 87.74 | 11 |
| 19 | 3,393 | GENESYS TELECOM (USD) TL B S+250 1/23/2032 | 0.06% | 99.72 | 99.66 | 10 |
| 20 | 3,380 | SOLERA (USD) TL B L+400 6/2/2028 | 0.13% | 96.83 | 96.71 | 15 |
| AVERAGE | 4,291 | -0.67% | 96.87 | 100.00 | 13.5 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 6/6/25-6/13/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | MICHAELS STORES (USD) TL L+425 4/15/2028 | 5.02% | 76.23 | 72.59 | 9 |
| 2 | INMARSAT (USD) TL B S+450 9/13/2029 | 3.54% | 94.73 | 91.49 | 10 |
| 3 | AMERICAN BATH (USD) TL L+375 11/23/2027 | 3.44% | 97.82 | 94.56 | 14 |
| 4 | KOFAX (USD) TL S+525 7/20/2029 | 3.03% | 89.72 | 87.08 | 9 |
| 5 | SKILLSOFT (USD) TL B S+525 7/16/2028 | 2.30% | 90.18 | 88.15 | 10 |
| 6 | DAVE & BUSTER’S (USD) TL B S+325 6/29/2029 | 2.00% | 96.44 | 94.54 | 11 |
| 7 | RESTORATION HARDWARE (USD) TL B L+250 10/20/2028 | 1.92% | 96.36 | 94.55 | 8 |
| 8 | VIASAT INC (USD) TL B S+375 3/2/2029 | 1.31% | 95.69 | 94.45 | 10 |
| 9 | MAGNERA CORP TL B | 1.15% | 96.85 | 95.75 | 5 |
| 10 | ENDO FIN HLDGS INC (USD) TL S+400 4/23/2031 | 0.81% | 98.69 | 97.90 | 7 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 6/6/25-6/13/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | -5.27% | 83.92 | 88.59 | 16 |
| 2 | INTERNET BRANDS (USD) TL B4 S+425 12/11/2031 | -4.75% | 84.78 | 89.02 | 13 |
| 3 | MAGNOLIA (USD) TL L+375 2/1/2028 | -3.48% | 83.42 | 86.43 | 14 |
| 4 | TECTUM HOLDINGS INC (USD) TL B L+375 1/31/2028 | -2.79% | 89.04 | 91.59 | 8 |
| 5 | ELECTRONICS FOR IMAGING (USD) TL L+500 7/23/2026 | -2.12% | 71.97 | 73.53 | 8 |
| 6 | KIK CUSTOM (USD) TL B S+400 6/26/2031 | -1.97% | 85.43 | 87.15 | 13 |
| 7 | VET INTERMEDIATE (USD) TL B S+500 9/19/2029 | -1.88% | 87.90 | 89.58 | 8 |
| 8 | OSMOSE (USD) TL L+325 6/23/2028 | -1.61% | 97.39 | 98.98 | 8 |
| 9 | LESLIE’S POOLMART (USD) TL B L+275 3/9/2028 | -1.50% | 72.97 | 74.08 | 13 |
| 10 | AMERICAN TRAILER WORLD (USD) TL L+375 3/3/2028 | -1.48% | 80.64 | 81.85 | 16 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 6/6/25-6/13/25 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 6/6/25-6/13/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 6/6/25 vs. the week ending 6/13/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | INTL GAME TECH PLC (USD) TL B S+475 5/8/2032 | 30 | 66 | 36 | 120% |
| 2 | HELP SYSTEMS (USD) TL L+400 11/19/2026 | 32 | 62 | 30 | 94% |
| 3 | EMERSON ELECTRIC CO TL B | 56 | 84 | 28 | 50% |
| 4 | POWER SOLUTIONS TL B | 0 | 25 | 25 | NA |
| 5 | HERBALIFE LTD (USD) TL B S+675 4/5/2029 | 38 | 62 | 24 | 63% |
| 6 | AECOM (USD) TL S+175 4/19/2031 | 58 | 80 | 22 | 38% |
| 7 | CARDENAS MARKETS (USD) TL B S+675 8/1/2029 | 46 | 68 | 22 | 48% |
| 8 | VERIZON (USD) TL B2 L+550 9/1/2027 | 28 | 48 | 20 | 71% |
| 9 | AMERICAN BATH (USD) TL L+375 11/23/2027 | 66 | 86 | 20 | 30% |
| 10 | INNOVATIVE XCESSORIES (USD) TL L+425 3/5/2027 | 30 | 49 | 19 | 63% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 6/6/25-6/13/25
| 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 | 18 |
| 3 | AMWINS GROUP INC (USD) TL B S+225 1/23/2032 | 18 |
| 4 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 18 |
| 5 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 18 |
| 6 | AVOLON HLDGS FNDG LTD (USD) TL B6 S+175 6/21/2030 | 18 |
| 7 | CEVA SANTE ANIMALE (EUR) TL B E+350 11/30/2030 | 17 |
| 8 | ZIGGO (EUR) TL H E+300 1/17/2029 | 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 6/6/25-6/13/25
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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