Syndicated Bank Loan Market Summary – Week Ending 11/21/25
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 11/21/25
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Coorstek Inc | 750 | Term Loan | 10/23/2032 | S+300 |
| Solo Invest SAS | 600 | Term Loan | 11/6/2032 | E+500 |
| Allwyn Entertainment Financing PLC | 1000 | Term Loan | 11/5/2032 | S+250 |
| STG Logistics Inc. | 534 | Term Loan | 10/3/2029 | S+750 |
Forward Calendar
Forward calendar during the week ending 11/21/25
| Issuer | Deal Information | Banks | Expected Issue Date |
| Air Methods | $1.1B TL | JEFF | Q4 2025 |
| Peterson Farms | $775MM TLB (B2/B) | BMO | 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 11/14/25-11/21/25
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.00% | 99.86 | 99.92647285 | 15 |
| 2 | 6145.2 | MAGNOLIA (USD) TL L+375 2/1/2028 | 0.02% | 87.31 | 85.33547852 | 14 |
| 3 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00% | 100.15 | 100.1638132 | 12 |
| 4 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 0.00% | 99.65 | 99.44743267 | 15 |
| 5 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00% | 100.34 | 100.4259019 | 16 |
| 6 | 4741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | 0.00% | 89.59 | 89.55756685 | 12 |
| 7 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.00% | 100.36 | 100.4496988 | 16 |
| 8 | 4654.83 | BELRON UK FIN PLC (USD) TL B S+250 10/16/2031 | 0.00% | 100.56 | 100.4604028 | 17 |
| 9 | 4300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00% | 100.08 | 100.0815553 | 14 |
| 10 | 4230 | TK ELEVATOR (US) NEWCO INC TL B | 0.00% | 100.50 | 100.5861572 | 14 |
| 11 | 4226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | 0.00% | 99.90 | 100 | 13 |
| 12 | 4204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.00% | 98.93 | 98.94599028 | 16 |
| 13 | 4073.83 | MEDLINE BORROWER LP (USD) TL B S+200 10/23/2028 | 0.00% | 100.10 | 100.074798 | 12 |
| 14 | 4001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.00% | 100.34 | 100.3764439 | 14 |
| 15 | 3935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00% | 100.36 | 100.3274109 | 15 |
| 16 | 3914 | BROADSTREET PARTNERS INC (USD) TL B S+275 6/16/2031 | 0.00% | 100.21 | 100.2947587 | 17 |
| 17 | 3900 | DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 | 0.00% | 100.00 | 100 | 11 |
| 18 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 0.00% | 99.91 | 99.98549191 | 18 |
| 19 | 3736.25 | UFC (USD) TL B5 S+200 11/21/2031 | 0.00% | 100.28 | 100.2780263 | 16 |
| 20 | 3640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.00% | 100.13 | 100.125 | 16 |
| Average | 4533.4435 | 0.00% | 98.929 | 100.504 | 14.65 |
Top 10 Performers
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | LESLIE’S POOLMART (USD) TL B L+275 3/9/2028 | ▲ 10.24% | 40.99 | 37.19 | 12 |
| 2 | HERENS HOLDCO SARL (EUR) TL B E+400 4/30/2028 | ▲ 3.66% | 88.22 | 85.10 | 15 |
| 3 | GI REVELATION (USD) TL B S+375 5/14/2028 | ▲ 3.16% | 90.99 | 88.20 | 14 |
| 4 | EPIQ SYSTEMS (USD) TL S+425 4/26/2029 | ▲ 2.87% | 93.18 | 90.58 | 10 |
| 5 | ARCHROMA / SK SPICE (EUR) TL B E+550 6/10/2027 | ▲ 2.44% | 87.92 | 85.82 | 15 |
| 6 | MAGNOLIA (USD) TL L+375 2/1/2028 | ▲ 2.31% | 87.31 | 85.34 | 15 |
| 7 | ECHO GLOBAL LOGISTICS (USD) TL B L+375 11/23/2028 | ▲ 1.92% | 97.09 | 95.26 | 11 |
| 8 | PEDIATRIC ASSOCIATES (USD) TL B L+325 12/29/2028 | ▲ 1.40% | 97.06 | 95.72 | 11 |
| 9 | LIFTOFF (USD) TL B S+400 8/7/2032 | ▲ 1.18% | 99.83 | 98.67 | 10 |
| 10 | WILSONART LLC (USD) TL B S+375 7/24/2031 | ▲ 1.18% | 95.90 | 94.78 | 11 |
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | MONEYGRAM INTL INC (USD) TL B S+475 6/1/2030 | ▼ 9.91% | 79.70 | 88.48 | 11 |
| 2 | CAST & CREW (USD) TL B S+375 12/30/2028 | ▼ 9.58% | 66.08 | 73.08 | 6 |
| 3 | KIK CUSTOM (USD) TL B S+400 6/26/2031 | ▼ 8.97% | 64.42 | 70.76 | 14 |
| 4 | PLY GEM (USD) TL C S+475 5/2/2031 | ▼ 8.69% | 71.55 | 78.36 | 9 |
| 5 | EKATERRA (EUR) TL B E+475 7/30/2029 | ▼ 5.63% | 77.02 | 81.61 | 14 |
| 6 | CONSOLIDATED ENERGY FIN SA (USD) TL B S+450 11/8/2030 | ▼ 4.90% | 78.47 | 82.52 | 11 |
| 7 | TROPICANA (USD) 2ND OUT TL S+1100 1/24/2029 | ▼ 4.61% | 72.17 | 75.66 | 12 |
| 8 | RACKSPACE TECH GLOBAL INC (USD) 2ND OUT TL B S+275 5/15/2028 | ▼ 4.55% | 40.44 | 42.37 | 14 |
| 9 | MERION ROSE MERGER (USD) TL B S+450 12/14/2030 | ▼ 4.23% | 65.58 | 68.48 | 6 |
| 10 | CORNERSTONE BLDG BRANDS INC (USD) TL L+325 4/12/2028 | ▼ 3.87% | 80.52 | 83.75 | 14 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/14/25-11/21/25 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 11/14/25-11/21/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/14/25 vs. the week ending 11/21/25
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 0 | 64 | 64 | ▲ NA |
| 2 | AUTODATA (USD) TL B S+275 7/16/2031 | 67 | 112 | 45 | ▲ 67% |
| 3 | FRONERI (USD) TL B6 S+250 7/17/2032 | 56 | 99 | 43 | ▲ 77% |
| 4 | WHATABURGER (USD) TL B S+250 8/3/2028 | 74 | 116 | 42 | ▲ 57% |
| 5 | EMRLD BORROWER LP (USD) TL B S+225 5/31/2030 | 78 | 120 | 42 | ▲ 54% |
| 6 | CULLIGAN (USD) TL B S+325 7/30/2028 | 84 | 125 | 41 | ▲ 49% |
| 7 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 95 | 136 | 41 | ▲ 43% |
| 8 | QLIK TECHNOLOGIES (USD) TL B S+325 10/26/2030 | 91 | 130 | 39 | ▲ 43% |
| 9 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 97 | 134 | 37 | ▲ 38% |
| 10 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 22 | 58 | 36 | ▲ 164% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/14/25-11/21/25
| Rank | Tranche | Dealers |
| 1 | WHATABURGER (USD) TL B S+250 8/3/2028 | 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 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 19 |
| 5 | TRICORBRAUN (USD) TL B S+325 3/6/2031 | 18 |
| 6 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 18 |
| 7 | GO DADDY OPERATING CO LLC (USD) TL B S+175 11/10/2029 | 18 |
| 8 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 18 |
| 9 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 18 |
| 10 | APRIL SA (EUR) TL B E+300 4/4/2031 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/14/25-11/21/25
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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