Syndicated Bank Loan Market Summary – Week Ending 6/20/25
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Syndicated Bank Loan Market Summary: Week Ending 6/20/25
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 6/20/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Nexans SA | 320 | Term Loan | 6/17/2032 | E+425 |
| Duran Group | 144 | Term Loan | 5/31/2026 | E+525 |
| Tumi Hldg Inc. | 800 | Term Loan | 6/21/2028 | S+150 |
| Theramex | 790 | Term Loan | 8/3/2029 | E+325 |
forward calendar
Forward calendar during the week ending 6/20/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Aspire Bakeries Holdings Inc. | $1.026 TLB | JPM | Q2 2025 |
| Radiology Partners Inc. | $1.5B TL (B-) | BCLY | 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 6/13/25-6/20/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,631 | MEDLINE BORROWER LP (USD) TL S+225 10/21/2028 | 0.10% | 99.96 | 99.87 | 11 |
| 2 | 6,145 | MAGNOLIA (USD) TL L+375 2/1/2028 | -0.26% | 83.21 | 83.42 | 14 |
| 3 | 4,750 | ZAYO (USD) TL L+300 3/9/2027 | -0.15% | 94.69 | 94.82 | 15 |
| 4 | 4,741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | -0.01% | 92.58 | 92.59 | 12 |
| 5 | 4,525 | TRANSDIGM INC (USD) TL I S+275 8/24/2028 | 0.05% | 100.23 | 100.18 | 15 |
| 6 | 4,479 | CLOUD SOFTWARE GROUP INC (USD) TL B S+350 3/30/2029 | 0.13% | 99.87 | 99.75 | 10 |
| 7 | 4,300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00% | 99.69 | 99.69 | 13 |
| 8 | 4,230 | TK ELEVATOR (US) NEWCO INC TL B | -0.01% | 100.08 | 100.09 | 14 |
| 9 | 4,226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | 0.04% | 99.82 | 99.77 | 14 |
| 10 | 4,204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.00% | 99.69 | 99.69 | 15 |
| 11 | 4,001 | CITADEL (USD) TL B S+200 10/28/2031 | -0.02% | 100.09 | 100.10 | 12 |
| 12 | 3,935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00% | 100.26 | 100.26 | 14 |
| 13 | 3,900 | DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 | 0.10% | 100.24 | 100.14 | 11 |
| 14 | 3,859 | ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 | 0.07% | 99.50 | 99.43 | 19 |
| 15 | 3,640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.10% | 99.99 | 99.89 | 15 |
| 16 | 3,573 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | -0.57% | 83.45 | 83.92 | 16 |
| 17 | 3,491 | WESTINGHOUSE (USD) TL B S+250 1/5/2031 | -0.01% | 99.80 | 99.81 | 15 |
| 18 | 3,420 | RCN GRANDE (USD) TL L+325 9/25/2026 | -0.33% | 87.13 | 87.42 | 11 |
| 19 | 3,393 | GENESYS TELECOM (USD) TL B S+250 1/23/2032 | 0.00% | 99.72 | 99.72 | 10 |
| 20 | 3,380 | SOLERA (USD) TL B L+400 6/2/2028 | 0.00% | 96.83 | 96.83 | 15 |
| AVERAGE | 4,291 | -0.04% | 96.84 | 99.84 | 13.6 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 6/13/25-6/20/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | US LBM (USD) TL B S+375 5/29/2031 | 4.63% | 93.02 | 88.91 | 8 |
| 2 | VIALTO CORP (USD) TL S+475 5/2/2029 | 3.12% | 91.90 | 89.12 | 9 |
| 3 | INTERTAPE POLYMER (USD) TL S+CSA+475 6/28/2028 | 2.27% | 97.26 | 95.11 | 16 |
| 4 | COX COMMS INC (USD) TL B S+350 6/18/2029 | 1.53% | 96.17 | 94.72 | 12 |
| 5 | WATERBRIDGE OPERATING (USD) TL B S+500 6/21/2029 | 1.53% | 98.80 | 97.31 | 10 |
| 6 | FOUNDATION BUILDING (USD) TL B1 L+325 1/31/2028 | 1.23% | 96.94 | 95.76 | 14 |
| 7 | INOVIE (EUR) TL B E+400 3/8/2028 | 1.23% | 96.72 | 95.54 | 9 |
| 8 | OMNI LOGISTICS (USD) TL B S+400 9/20/2030 | 0.74% | 98.81 | 98.09 | 13 |
| 9 | COBHAM (USD) TL B L+375 11/16/2028 | 0.63% | 99.91 | 99.28 | 8 |
| 10 | XELLA INTERNATIONAL GMBH (EUR) TL B4 E+425 3/30/2028 | 0.49% | 99.29 | 98.81 | 14 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 6/13/25-6/20/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | ATNAHS PHARMA UK LTD (EUR) TL B E+425 2/6/2030 | -7.74% | 83.73 | 90.75 | 11 |
| 2 | SITEL LLC / SITEL FIN CORP (USD) TL B L+375 8/28/2028 | -2.97% | 53.05 | 54.68 | 11 |
| 3 | MHS HOLDINGS (USD) TL B S+550 6/12/2029 | -2.40% | 80.41 | 82.38 | 9 |
| 4 | OSMOSE (USD) TL L+325 6/23/2028 | -2.30% | 95.15 | 97.39 | 8 |
| 5 | TECTUM HOLDINGS INC (USD) TL B S+500 1/31/2028 | -2.04% | 88.20 | 90.04 | 10 |
| 6 | CERBA HEALTHCARE (EUR) TL C E+400 2/16/2029 | -1.69% | 75.21 | 76.50 | 12 |
| 7 | STAPLES INC (USD) TL B S+525 9/22/2029 | -1.60% | 89.13 | 90.57 | 11 |
| 8 | MERLIN ENTERTAINMENTS (EUR) TL B E+375 11/9/2029 | -1.48% | 94.64 | 96.07 | 11 |
| 9 | LESLIE’S POOLMART (USD) TL B L+275 3/9/2028 | -1.42% | 71.94 | 72.97 | 13 |
| 10 | PETCO (USD) TL B L+325 3/3/2028 | -1.07% | 91.80 | 92.79 | 16 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 6/13/25-6/20/25 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 6/13/25-6/20/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 6/13/25 vs. the week ending 6/20/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | ESMALGLASS (EUR) TL B E+475 3/30/2029 | 0 | 30 | 30 | NA |
| 2 | CAB SAS (EUR) EXT TL B E+375 2/9/2028 | 23 | 48 | 25 | 109% |
| 3 | KANTAR (EUR) TL B E+450 1/30/2029 | 26 | 50 | 24 | 92% |
| 4 | PARQUES REUNIDOS SA (EUR) TL B4 E+450 9/1/2029 | 30 | 54 | 24 | 80% |
| 5 | BIOGROUP (EUR) TL B E+350 1/28/2028 | 26 | 48 | 22 | 85% |
| 6 | KANTAR MEDIA (EUR) TL B E+425 3/6/2032 | 32 | 54 | 22 | 69% |
| 7 | TELENET FIN (LUX) NOTES SARL (EUR) TL E+300 3/27/2033 | 58 | 78 | 20 | 34% |
| 8 | MOTEL ONE (EUR) TL B E+425 5/2/2032 | 36 | 56 | 20 | 56% |
| 9 | VERISURE HLDG AB (EUR) TL B E+350 3/15/2028 | 34 | 54 | 20 | 59% |
| 10 | HERENS HOLDCO SARL (EUR) TL B E+400 4/30/2028 | 24 | 44 | 20 | 83% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 6/13/25-6/20/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 | 19 |
| 2 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 18 |
| 3 | AVOLON HLDGS FNDG LTD (USD) TL B6 S+175 6/21/2030 | 18 |
| 4 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 18 |
| 5 | AMWINS GROUP INC (USD) TL B S+225 1/23/2032 | 18 |
| 6 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 18 |
| 7 | CEVA SANTE ANIMALE (EUR) TL B E+350 11/30/2030 | 17 |
| 8 | BROADSTREET PARTNERS INC (USD) TL B4 S+300 6/16/2031 | 17 |
| 9 | STADA ARZNEIMITTEL (EUR) TL B3 E+400 2/27/2030 | 17 |
| 10 | GOLDEN NUGGET INC (USD) TL B S+350 1/27/2029 | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 6/13/25-6/20/25
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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