Syndicated Bank Loan Market Summary – Week Ending 10/17/25
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 10/17/25
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| EG Group | 261 | Term Loan | 6/16/2026 | S+425 |
| Technicolor | 564 | Term Loan | 9/15/2026 | E+600 |
| Robertshaw Holdings Corp | 29 | Term Loan | 2/28/2027 | S+800 |
| Michael Baker International LLC | 300 | Term Loan | 12/2/2028 | S+500 |
| Coastal GasLink Pipeline LP | 8429 | Term Loan | 7/28/2029 | C+163 |
Forward Calendar
Forward calendar during the week ending 10/17/25
| Issuer | Deal Information | Banks | Expected Issue Date |
| Bally’s Corp. | $600MM TLB | DB | Q4 2025 |
| Calabrio Inc. | $1.5B TL | SD | Q4 2025 |
| Pioneer Acquisition LLC | $550MM TL (B3) | JEFF | Q4 2025 |
| Versant Media Group Inc. | $2.5B credit facilities | Q4 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 10/10/25-10/17/25
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 6,272 | UKG INC (USD) TL S+250 2/9/2031 | ▲ 0.09% | 99.72 | 99.63 | 15 |
| 2 | 6,145 | MAGNOLIA (USD) TL L+375 2/1/2028 | ▼ -0.34% | 83.44 | 83.73 | 15 |
| 3 | 5,621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00% | 99.58 | 99.58 | 11 |
| 4 | 5,500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | ▲ 0.04% | 99.45 | 99.40 | 10 |
| 5 | 5,080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | ▲ 0.10% | 99.98 | 99.89 | 18 |
| 6 | 4,750 | ZAYO (USD) TL L+300 3/9/2027 | ▲ 1.71% | 96.90 | 95.27 | 12 |
| 7 | 4,741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | ▼ -1.17% | 91.02 | 92.09 | 12 |
| 8 | 4,664 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.00% | 99.92 | 99.92 | 13 |
| 9 | 4,300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | ▲ 0.02% | 99.61 | 99.59 | 14 |
| 10 | 4,230 | TK ELEVATOR (US) NEWCO INC TL B | ▲ 0.17% | 100.25 | 100.08 | 15 |
| 11 | 4,226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | ▲ 0.14% | 100.00 | 99.86 | 14 |
| 12 | 4,204 | JANE STREET (USD) TL B S+200 12/10/2031 | ▲ 0.22% | 98.63 | 98.42 | 18 |
| 13 | 4,074 | MEDLINE BORROWER LP (USD) TL B S+200 10/23/2028 | ▲ 0.18% | 100.04 | 99.86 | 13 |
| 14 | 4,001 | CITADEL (USD) TL B S+200 10/28/2031 | ▲ 0.24% | 100.12 | 99.88 | 14 |
| 15 | 3,935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | ▼ -0.02% | 99.95 | 99.98 | 16 |
| 16 | 3,914 | BROADSTREET PARTNERS INC (USD) TL B S+275 6/16/2031 | ▲ 0.16% | 99.86 | 99.70 | 18 |
| 17 | 3,900 | DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 | ▼ -0.18% | 99.82 | 100.00 | 12 |
| 18 | 3,830 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | ▲ 0.22% | 99.54 | 99.32 | 19 |
| 19 | 3,640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | ▲ 0.12% | 99.86 | 99.74 | 17 |
| 20 | 3,600 | GLOBAL MEDICAL RESPONSE INC (USD) TL S+350 9/10/2032 | ▲ 0.15% | 99.96 | 99.81 | 10 |
| Average | 0.09% | 98.38 | 83.30 | 14.3 | ||
Top 10 Performers
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | ALTICE (FR) SA (EUR) TL B14 E+550 8/25/2028 | ▲ 1.76% | 99.00 | 97.29 | 10 |
| 2 | OLYMPUS WATER (US) HLDG CORP (USD) TL B S+325 7/24/2032 | ▲ 1.39% | 96.91 | 95.58 | 12 |
| 3 | PQ CORP (USD) TL B S+200 6/12/2031 | ▲ 1.24% | 98.82 | 97.61 | 9 |
| 4 | XAI CORP (USD) TL B S+725 6/2/2030 | ▲ 1.05% | 98.46 | 97.44 | 8 |
| 5 | CHEMOURS CO (USD) TL B S+325 9/30/2032 | ▲ 0.93% | 97.60 | 96.71 | 4 |
| 6 | TEKNI-PLEX (USD) TL B6 S+375 9/17/2028 | ▲ 0.62% | 97.92 | 97.32 | 13 |
| 7 | PETCO (USD) TL B L+325 3/3/2028 | ▲ 0.59% | 98.18 | 97.60 | 16 |
| 8 | ALIXPARTNERS (USD) TL B S+200 7/30/2032 | ▲ 0.58% | 99.24 | 98.67 | 10 |
| 9 | SUNSOURCE (USD) TL S+425 3/15/2031 | ▲ 0.53% | 99.39 | 98.86 | 8 |
| 10 | VISUAL COMFORT (USD) TL L+350 7/21/2028 | ▲ 0.49% | 99.51 | 99.03 | 11 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 10/10/25-10/17/25
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | ▼ 4.35% | 79.67 | 83.30 | 16 |
| 2 | AI PLEX ACQUICO (EUR) TL E+500 1/8/2029 | ▼ 4.15% | 84.62 | 88.28 | 11 |
| 3 | TRONOX INC (USD) TL B S+250 9/18/2031 | ▼ 3.17% | 71.91 | 74.27 | 15 |
| 4 | TECTUM HOLDINGS INC (USD) TL B L+375 1/31/2028 | ▼ 3.11% | 83.46 | 86.15 | 8 |
| 5 | CONSOLIDATED ENERGY FIN SA (USD) TL B S+450 11/8/2030 | ▼ 2.86% | 81.47 | 83.87 | 9 |
| 6 | CRH EUROPE (EUR) TL B E+475 12/28/2029 | ▼ 2.59% | 77.89 | 79.96 | 15 |
| 7 | INTERNET BRANDS (USD) TL B4 S+425 12/11/2031 | ▼ 2.23% | 83.61 | 85.52 | 8 |
| 8 | HERTZ CORP (USD) TL B S+375 6/30/2028 | ▼ 2.03% | 84.60 | 86.35 | 9 |
| 9 | EKATERRA (EUR) TL B E+650 6/14/2029 | ▼ 1.94% | 83.90 | 85.56 | 11 |
| 10 | ATLAS AIR (USD) TL B S+325 3/17/2030 | ▼ 1.91% | 96.82 | 98.71 | 8 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/10/25-10/17/25 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 10/10/25-10/17/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/10/25 vs. the week ending 10/17/25
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | CINCINNATI BELL (USD) TL B S+225 11/23/2028 | 12 | 36 | 24 | ▲ 200% |
| 2 | NCR ATLEOS CORP (USD) TL B S+300 4/16/2029 | 2 | 25 | 23 | ▲ 1150% |
| 3 | ALTICE (FR) SA (EUR) TL B14 E+550 8/25/2028 | 16 | 30 | 14 | ▲ 88% |
| 4 | INEOS FIN PLC (USD) TL S+500 3/21/2028 | 0 | 12 | 12 | NA |
| 5 | REFRESCO (USD) TL B S+300 7/12/2029 | 22 | 33 | 11 | ▲ 50% |
| 6 | GFI INFORMATIQUE (EUR) TL B E+500 9/23/2028 | 0 | 11 | 11 | NA |
| 7 | AXILONE (USD) TL B L+400 2/8/2025 | 0 | 11 | 11 | NA |
| 8 | FLENDER (EUR) TL B E+375 3/10/2028 | 30 | 41 | 11 | ▲ 37% |
| 9 | ERM (EUR) TL B E+375 7/12/2028 | 30 | 41 | 11 | ▲ 37% |
| 10 | KANTAR (EUR) TL B E+450 1/30/2029 | 26 | 36 | 10 | ▲ 38% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/10/25-10/17/25
| Rank | Tranche | Dealers |
| 1 | TRONOX INC (USD) TL B S+250 4/4/2029 | 20 |
| 2 | INTL GAME TECH PLC (USD) TL B S+475 7/1/2032 | 19 |
| 3 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 19 |
| 4 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 19 |
| 5 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 19 |
| 6 | AMWINS GROUP INC (USD) TL B S+225 1/23/2032 | 19 |
| 7 | BROADSTREET PARTNERS INC (USD) TL B S+275 6/16/2031 | 18 |
| 8 | TRICORBRAUN (USD) TL B S+325 3/6/2031 | 18 |
| 9 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 18 |
| 10 | GO DADDY OPERATING CO LLC (USD) TL B S+175 11/10/2029 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/10/25-10/17/25
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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