Syndicated Bank Loan Market Summary – Week Ending 10/10/25
Weekly Syndicated Bank Loan Market Summary
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 10/10/25
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Pro Mach Group Inc. | 2193 | Term Loan | 10/9/2032 | S+275 |
| ConvergeOne Hldgs Corp. | 1069 | Term Loan | 1/28/2026 | S+500 |
| Aptean Inc. | 50 | Term Loan | 2/18/2030 | S+550 |
| Viasat Inc. | 369 | Term Loan | 10/15/2025 | S+200 |
Forward Calendar
Forward calendar during the week ending 10/10/25
| Issuer | Deal Information | Banks | Expected Issue Date |
| Bally’s Corp. | $600MM TLB | DB | Q4 2025 |
| Calabrio Inc. | $1.5B TL | SD | Q4 2025 |
| Pacific Bells LLC | $586.8MM TLB | CTZ | Q4 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 10/3/25-10/10/25
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 6,272 | UKG INC (USD) TL S+250 2/9/2031 | ▼ -0.25% | 99.63 | 99.88 | 15 |
| 2 | 6,145 | MAGNOLIA (USD) TL L+375 2/1/2028 | ▼ -0.50% | 83.73 | 84.15 | 15 |
| 3 | 5,621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | ▼ -0.27% | 99.58 | 99.84 | 11 |
| 4 | 5,080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | ▼ -0.41% | 99.89 | 100.29 | 17 |
| 5 | 4,750 | ZAYO (USD) TL L+300 3/9/2027 | ▼ -3.20% | 95.27 | 98.42 | 12 |
| 6 | 4,741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | ▼ -2.22% | 92.09 | 94.18 | 12 |
| 7 | 4,664 | PROOFPOINT (USD) TL B S+300 8/31/2028 | ▼ -0.25% | 99.92 | 100.17 | 13 |
| 8 | 4,300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | ▼ -0.25% | 99.59 | 99.84 | 14 |
| 9 | 4,230 | TK ELEVATOR (US) NEWCO INC TL B | ▼ -0.17% | 100.08 | 100.25 | 15 |
| 10 | 4,226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | ▼ -0.13% | 99.86 | 99.99 | 14 |
| 11 | 4,204 | JANE STREET (USD) TL B S+200 12/10/2031 | ▼ -0.68% | 98.42 | 99.10 | 18 |
| 12 | 4,074 | MEDLINE BORROWER LP (USD) TL B S+200 10/23/2028 | ▼ -0.14% | 99.86 | 100.00 | 13 |
| 13 | 4,001 | CITADEL (USD) TL B S+200 10/28/2031 | ▼ -0.26% | 99.88 | 100.14 | 14 |
| 14 | 3,935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | ▼ -0.21% | 99.98 | 100.19 | 16 |
| 15 | 3,914 | BROADSTREET PARTNERS INC (USD) TL B S+275 6/16/2031 | ▼ -0.33% | 99.70 | 100.03 | 17 |
| 16 | 3,900 | DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 | 0.00% | 100.00 | 100.00 | 13 |
| 17 | 3,830 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | ▼ -0.33% | 99.32 | 99.65 | 19 |
| 18 | 3,640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | ▼ -0.14% | 99.74 | 99.88 | 16 |
| 19 | 3,600 | GLOBAL MEDICAL RESPONSE INC (USD) TL S+350 9/10/2032 | ▼ -0.12% | 99.81 | 99.93 | 10 |
| 20 | 3,573 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | ▼ -3.15% | 83.30 | 86.01 | 16 |
| Average | -0.65% | 97.48 | 99.91 | 14.5 | ||
Top 10 Performers
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | NOVAFR (EUR) TL B E+450 12/17/2028 | ▲ 7.33% | 53.29 | 49.65 | 12 |
| 2 | LOGOPLASTE (EUR) TL B E+375 7/7/2028 | ▲ 4.32% | 92.01 | 88.21 | 13 |
| 3 | LIBERTY LATIN AMERICA (USD) TL B L+375 10/16/2028 | ▲ 3.51% | 59.98 | 57.94 | 6 |
| 4 | SOLMAX (USD) TL L+475 5/29/2028 | ▲ 2.17% | 77.96 | 76.31 | 9 |
| 5 | TELESAT CANADA (USD) TL B5 L+275 12/7/2026 | ▲ 0.68% | 79.95 | 79.42 | 7 |
| 6 | AMEDES GROUP (EUR) TL B E+375 10/12/2028 | ▲ 0.40% | 81.71 | 81.38 | 13 |
| 7 | OSMOSE (USD) TL L+325 6/23/2028 | ▲ 0.40% | 95.07 | 94.70 | 6 |
| 8 | CP ATLAS BUYER INC TL B | ▲ 0.38% | 98.42 | 98.05 | 5 |
| 9 | INMARSAT (USD) TL B S+450 9/13/2029 | ▲ 0.16% | 98.92 | 98.76 | 11 |
| 10 | BRIGHTSPEED TL | ▲ 0.16% | 92.32 | 92.17 | 9 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 9/26/25-10/3/25
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | POLYGON INTERNATIONAL (EUR) TL B E+400 10/30/2028 | ▼ 10.43% | 76.04 | 84.89 | 10 |
| 2 | STYROLUTION (EUR) TL B E+425 10/7/2031 | ▼ 10.21% | 81.64 | 90.91 | 13 |
| 3 | CONSOLIDATED ENERGY FIN SA (USD) TL B S+450 11/8/2030 | ▼ 9.17% | 83.87 | 92.34 | 10 |
| 4 | INEOS FIN PLC (USD) TL B S+300 2/7/2031 | ▼ 7.76% | 82.55 | 89.49 | 12 |
| 5 | TRONOX INC (USD) TL B S+250 9/18/2031 | ▼ 6.99% | 74.27 | 79.85 | 14 |
| 6 | TWIN RIVER (USD) TL B L+325 10/2/2028 | ▼ 6.80% | 90.23 | 96.81 | 10 |
| 7 | BRAND INDL SERVS INC (USD) TL B S+450 8/1/2030 | ▼ 4.48% | 85.97 | 90.00 | 14 |
| 8 | AMMERAAL BELTECH (EUR) TL B2 E+500 12/19/2028 | ▼ 4.14% | 88.75 | 92.58 | 11 |
| 9 | CRH EUROPE (EUR) TL B E+475 12/28/2029 | ▼ 3.92% | 79.96 | 83.23 | 13 |
| 10 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | ▼ 3.15% | 83.30 | 86.01 | 16 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/3/25-10/10/25 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 10/3/25-10/10/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/3/25 vs. the week ending 10/10/25
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | DIVERSITECH (USD) TL B S+325 12/22/2031 | 30 | 56 | 26 | ▲ 87% |
| 2 | HUSKY INJECTION MOLDING (USD) TL B S+400 2/15/2029 | 24 | 48 | 24 | ▲ 100% |
| 3 | ZAYO (USD) TL S+350 3/11/2030 | 18 | 40 | 22 | ▲ 122% |
| 4 | BISON MIDSTREAM (USD) TL B S+250 2/11/2030 | 28 | 48 | 20 | ▲ 71% |
| 5 | INTL GAME TECH PLC (USD) TL B S+475 7/1/2032 | 82 | 101 | 19 | ▲ 23% |
| 6 | GLOBAL MEDICAL RESPONSE INC (USD) TL S+350 9/10/2032 | 30 | 48 | 18 | ▲ 60% |
| 7 | ACTION NEDERLAND (USD) TL B S+225 9/11/2032 | 24 | 40 | 16 | ▲ 67% |
| 8 | NUMERICABLE (EUR) TL B11 E+300 6/22/2025 | 14 | 30 | 16 | ▲ 114% |
| 9 | ALTICE (FR) SA (EUR) TL B14 E+550 8/25/2028 | 0 | 16 | 16 | NA |
| 10 | TENNECO INC (USD) TL A S+475 11/17/2028 | 34 | 49 | 15 | ▲ 44% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/3/25-10/10/25
| Rank | Tranche | Dealers |
| 1 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 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 | INTL GAME TECH PLC (USD) TL B S+475 7/1/2032 | 19 |
| 5 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 18 |
| 6 | WHATABURGER (USD) TL B S+250 8/3/2028 | 18 |
| 7 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 18 |
| 8 | GO DADDY OPERATING CO LLC (USD) TL B S+175 11/10/2029 | 18 |
| 9 | NTL CABLE PLC (USD) TL B 3/31/2031 | 18 |
| 10 | FRONERI (USD) TL B S+250 7/17/2032 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/3/25-10/10/25
Sector Bid-Offer Spread
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Related Resources
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