Syndicated Bank Loan Market Summary – Week Ending 11/14/25
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 11/14/25
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Homeservices of America | 200 | Delayed-draw Term Loan | 1/14/2024 | S+50 |
| Best Food Of Nature Holdco III | 405 | Term Loan | 9/5/2029 | S+400 |
| BWX Technologies Inc. | 250 | Term Loan | 10/12/2027 | S+150 |
Forward Calendar
Forward calendar during the week ending 11/14/25
| Issuer | Deal Information | Banks | Expected Issue Date |
| Blackstone Mortgage Trust | $500MM TLB | MS | Q4 2025 |
| Insignia Financial Group | $671.5MM TLB | UBS, STD, DB, NTXS | Q4 2025 |
| Simply Good Foods USA | $400MM TLB | BCLY | Q4 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 10/31/25-11/7/25
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.00% | 99.93 | 99.84768917 | 14 |
| 2 | 6145.2 | MAGNOLIA (USD) TL L+375 2/1/2028 | 0.00% | 85.34 | 85.59403468 | 15 |
| 3 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00% | 100.16 | 100.2034812 | 11 |
| 4 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00% | 100.43 | 100.404356 | 16 |
| 5 | 4741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | 0.00% | 89.56 | 89.62765531 | 12 |
| 6 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.00% | 100.45 | 100.4566787 | 15 |
| 7 | 4300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00% | 100.08 | 99.93355294 | 14 |
| 8 | 4230 | TK ELEVATOR (US) NEWCO INC TL B | 0.00% | 100.59 | 100.6351422 | 14 |
| 9 | 4226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | 0.00% | 100.00 | 100 | 12 |
| 10 | 4204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.00% | 98.95 | 98.86926835 | 16 |
| 11 | 4073.83 | MEDLINE BORROWER LP (USD) TL B S+200 10/23/2028 | 0.00% | 100.07 | 100.0765959 | 11 |
| 12 | 4001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.00% | 100.38 | 100.3785204 | 14 |
| 13 | 3935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00% | 100.33 | 100.3085249 | 15 |
| 14 | 3914 | BROADSTREET PARTNERS INC (USD) TL B S+275 6/16/2031 | 0.00% | 100.29 | 100.3278272 | 17 |
| 15 | 3900 | DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 | 0.00% | 100.00 | 100 | 11 |
| 16 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 0.00% | 99.99 | 99.96716338 | 18 |
| 17 | 3640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.00% | 100.13 | 100.0985941 | 15 |
| 18 | 3600 | GLOBAL MEDICAL RESPONSE INC (USD) TL S+350 9/10/2032 | 0.00% | 100.50 | 100.5355889 | 11 |
| 19 | 3573 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | 0.00% | 82.67 | 82.91356197 | 16 |
| 20 | 3500 | MEDLINE BORROWER LP (USD) TL B S+200 10/21/2030 | 0.00% | 100.07 | 100 | 11 |
| Average | 4372.5395 | 0.00% | 97.99480482 | 100.2351403 | 13.9 |
Top 10 Performers
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | INOVIE (EUR) TL B E+500 3/3/2028 | ▲ 5.20% | 92.68 | 88.10 | 14 |
| 2 | FONCIA GROUPE (EUR) TL B E+525 3/27/2028 | ▲ 4.93% | 90.31 | 86.06 | 14 |
| 3 | ATNAHS PHARMA UK LTD (EUR) TL B E+425 2/6/2030 | ▲ 4.60% | 50.87 | 48.63 | 13 |
| 4 | EPIQ SYSTEMS (USD) TL S+425 4/26/2029 | ▲ 4.27% | 90.58 | 86.86 | 10 |
| 5 | BABILOU (EUR) TL B E+400 11/21/2030 | ▲ 4.06% | 92.59 | 88.98 | 14 |
| 6 | ORBITER GROUP (EUR) TL B E+400 10/18/2028 | ▲ 3.53% | 92.12 | 88.99 | 16 |
| 7 | GI REVELATION (USD) TL B S+375 5/14/2028 | ▲ 2.99% | 88.20 | 85.64 | 12 |
| 8 | STARK GROUP (EUR) TL B E+500 5/4/2028 | ▲ 2.80% | 92.52 | 90.00 | 11 |
| 9 | HELP AT HOME (USD) TL S+500 9/17/2031 | ▲ 1.75% | 91.14 | 89.57 | 10 |
| 10 | PRE-PAID LEGAL SERVICES (USD) TL B S+325 12/15/2028 | ▲ 1.75% | 95.89 | 94.24 | 10 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 11/7/25-11/14/25
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | JELD-WEN (USD) TL B S+200 7/28/2028 | ▼ 9.12% | 81.61 | 89.80 | 11 |
| 2 | MULTI-COLOR (USD) TL B L+500 10/29/2028 | ▼ 7.25% | 68.13 | 73.45 | 16 |
| 3 | INEOS FIN PLC (EUR) TL B E+375 6/4/2031 | ▼ 6.03% | 84.16 | 89.57 | 11 |
| 4 | XAI CORP (USD) TL B S+725 6/2/2030 | ▼ 5.35% | 96.41 | 101.86 | 7 |
| 5 | PLY GEM (USD) TL B S+475 5/2/2031 | ▼ 4.48% | 78.36 | 82.03 | 9 |
| 6 | SKILLSOFT (USD) TL B S+525 7/16/2028 | ▼ 4.03% | 81.63 | 85.05 | 9 |
| 7 | TECTUM HOLDINGS INC (USD) TL B S+500 1/31/2028 | ▼ 3.93% | 84.19 | 87.64 | 16 |
| 8 | CORNERSTONE BLDG BRANDS INC (USD) TL L+325 4/12/2028 | ▼ 3.25% | 83.75 | 86.57 | 14 |
| 9 | KINDERCARE LEARNING CENTER TL B | ▼ 2.32% | 97.30 | 99.62 | 8 |
| 10 | CLUB CAR (USD) TL L+400 6/1/2028 | ▼ 2.12% | 93.36 | 95.37 | 10 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/7/25-11/14/25 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 11/7/25-11/14/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/7/25 vs. the week ending 11/14/25
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | STYROLUTION (USD) TL B S+375 3/2/2030 | 6 | 23 | 17 | ▲ 283% |
| 2 | INCEPTION FINCO (USD) TL B S+375 4/18/2031 | 10 | 26 | 16 | ▲ 160% |
| 3 | CONTINENTAL WIND LLC (USD) TL S+200 12/14/2027 | 10 | 21 | 11 | ▲ 110% |
| 4 | ARCHROMA / SK SPICE (EUR) TL B E+550 6/10/2027 | 12 | 23 | 11 | ▲ 92% |
| 5 | INEOS FIN PLC (EUR) TL B E+375 6/4/2031 | 33 | 44 | 11 | ▲ 33% |
| 6 | STADA ARZNEIMITTEL (EUR) TL B E+350 2/21/2030 | 59 | 70 | 11 | ▲ 19% |
| 7 | NEXANS SA (EUR) TL B E+425 6/17/2032 | 0 | 10 | 10 | ▲ NA |
| 8 | VEONET (EUR) TL B E+475 4/8/2029 | 32 | 42 | 10 | ▲ 31% |
| 9 | CIRCET GROUPE (EUR) TL B E+375 7/8/2028 | 0 | 10 | 10 | ▲ NA |
| 10 | OUTFRONT MEDIA CAP LLC (USD) TL B S+200 9/16/2032 | 14 | 24 | 10 | ▲ 71% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/7/25-11/14/25
| Rank | Tranche | Dealers |
| 1 | AMWINS GROUP INC (USD) TL B S+225 1/23/2032 | 19 |
| 2 | APRIL SA (EUR) TL B E+300 4/4/2031 | 19 |
| 3 | TRICORBRAUN (USD) TL B S+325 3/6/2031 | 18 |
| 4 | AVOLON HLDGS FNDG LTD (USD) TL B6 S+175 6/21/2030 | 18 |
| 5 | WHATABURGER (USD) TL B S+250 8/3/2028 | 18 |
| 6 | TRONOX INC (USD) TL B S+250 4/4/2029 | 18 |
| 7 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 18 |
| 8 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 18 |
| 9 | INTL GAME TECH PLC (USD) TL B S+475 7/1/2032 | 18 |
| 10 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/7/25-11/14/25
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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