Syndicated Bank Loan Market Summary – Week Ending 12/5/25
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 12/5/25
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Altice France | 187 | Term Loan | 10/31/2028 | E+438 |
| Trinseo Materials Operating SCA | 948 | Term Loan | 5/3/2028 | S+850 |
Forward Calendar
Forward calendar during the week ending 12/5/25
| Issuer | Banks | Expected Issue Date |
| Aramark Services Inc. | JPM | Q4 2025 |
| Covia Holdings | JPM | Q4 2025 |
| DXP Enterprises Inc. | GS | Q4 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 11/28/25-12/5/25
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.00% | 100.04 | 99.89539477 | 20 |
| 2 | 6145.2 | MAGNOLIA (USD) TL L+375 2/1/2028 | 0.05% | 92.61 | 87.78404151 | 15 |
| 3 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00% | 100.20 | 100.1369755 | 13 |
| 4 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 0.00% | 99.88 | 99.63487829 | 22 |
| 5 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00% | 100.46 | 100.375 | 18 |
| 6 | 4741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | 0.04% | 94.03 | 90.27504465 | 12 |
| 7 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.00% | 100.42 | 100.375 | 16 |
| 8 | 4654.83 | BELRON UK FIN PLC (USD) TL B S+250 10/16/2031 | 0.00% | 100.54 | 100.5043165 | 18 |
| 9 | 4300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00% | 100.07 | 100.0516837 | 14 |
| 10 | 4230 | TK ELEVATOR (US) NEWCO INC TL B | 0.00% | 100.62 | 100.5595311 | 16 |
| 11 | 4226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | 0.00% | 99.97 | 99.96952754 | 13 |
| 12 | 4204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.00% | 99.21 | 99 | 16 |
| 13 | 4084 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00% | 100.02 | 99.99056651 | 10 |
| 14 | 4073.83 | MEDLINE BORROWER LP (USD) TL B S+200 10/23/2028 | 0.00% | 100.13 | 100.125 | 11 |
| 15 | 4001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.00% | 100.38 | 100.3526712 | 15 |
| 16 | 3935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00% | 100.50 | 100.4149404 | 14 |
| 17 | 3914 | BROADSTREET PARTNERS INC (USD) TL B S+275 6/16/2031 | 0.00% | 100.38 | 100.2480142 | 18 |
| 18 | 3900 | DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 | 0.00% | 100.02 | 100 | 10 |
| 19 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 0.00% | 100.07 | 100 | 19 |
| 20 | 3736.25 | UFC (USD) TL B5 S+200 11/21/2031 | 0.00% | 100.37 | 100.2646591 | 16 |
| Average | 4555.6435 | 0.01% | 99.4956798 | 100.1301899 | 15.3 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 11/28/25-12/5/25
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | INTERNET BRANDS (USD) 2L TL L+625 2/23/2029 | ▲ 7.28% | 81.32 | 75.80 | 9 |
| 2 | MAGNOLIA (USD) TL L+375 2/1/2028 | ▲ 5.49% | 92.61 | 87.78 | 14 |
| 3 | INTERIOR LOGIC (USD) TL B L+350 4/3/2028 | ▲ 4.87% | 70.12 | 66.87 | 10 |
| 4 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | ▲ 4.37% | 86.37 | 82.75 | 15 |
| 5 | ASURION (USD) 2L TL B4 L+525 1/20/2029 | ▲ 2.82% | 96.05 | 93.41 | 10 |
| 6 | INEOS COMPOSITES (USD) TL S+375 2/5/2032 | ▲ 2.80% | 98.56 | 95.88 | 11 |
| 7 | PLY GEM (USD) TL C S+475 5/2/2031 | ▲ 2.60% | 73.39 | 71.53 | 10 |
| 8 | AMEDES GROUP (EUR) TL B E+375 10/12/2028 | ▲ 2.55% | 82.87 | 80.81 | 15 |
| 9 | CRH EUROPE (EUR) TL B E+475 12/28/2029 | ▲ 2.49% | 83.20 | 81.17 | 14 |
| 10 | CP ATLAS BUYER INC TL B | ▲ 2.32% | 97.66 | 95.45 | 7 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 11/28/25-12/5/25
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | STYROLUTION (EUR) TL B E+425 10/7/2031 | ▼ 19.66% | 76.25 | 94.92 | 12 |
| 2 | ALPHIA INC (USD) TL B S+500 9/28/2030 | ▼ 13.26% | 84.17 | 97.03 | 9 |
| 3 | AD EDUCATION (EUR) TL B E+400 10/22/2031 | ▼ 7.90% | 86.54 | 93.96 | 12 |
| 4 | GENUINE FINANCIAL (USD) TL B S+325 9/21/2030 | ▼ 7.19% | 80.36 | 86.59 | 9 |
| 5 | ENTERTAINMENT PARTNERS (USD) TL B S+450 11/6/2028 | ▼ 3.91% | 76.34 | 79.45 | 10 |
| 6 | MONEYGRAM INTL INC (USD) TL B S+475 6/1/2030 | ▼ 3.08% | 70.61 | 72.85 | 10 |
| 7 | RACKSPACE TECH GLOBAL INC (USD) 2ND OUT TL B S+275 5/15/2028 | ▼ 3.01% | 39.53 | 40.76 | 13 |
| 8 | APEX GROUP TRSY LLC (EUR) TL B E+375 2/19/2032 | ▼ 2.09% | 91.96 | 93.92 | 11 |
| 9 | MAUSER PACKAGING SOLUTIONS HLDG CO (USD) TL B S+350 4/15/2030 | ▼ 1.55% | 96.92 | 98.44 | 5 |
| 10 | BELLIS ACQUISITION CO PLC (EUR) TL B E+425 5/2/2031 | ▼ 1.27% | 90.73 | 91.90 | 17 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/28/25-12/5/25 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 11/28/25-12/5/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/28/25 vs. the week ending 12/5/25
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | UKG INC (USD) TL S+250 2/9/2031 | 72 | 134 | 62 | ▲ 86% |
| 2 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 79 | 134 | 55 | ▲ 70% |
| 3 | GENTIVA HEALTH (USD) TL B S+425 2/11/2028 | 60 | 112 | 52 | ▲ 87% |
| 4 | KASEYA (USD) TL B S+350 3/5/2032 | 38 | 90 | 52 | ▲ 137% |
| 5 | CHG HEALTHCARE (USD) TL B S+275 9/29/2028 | 40 | 90 | 50 | ▲ 125% |
| 6 | INTL GAME TECH PLC (USD) TL B S+475 7/1/2032 | 48 | 98 | 50 | ▲ 104% |
| 7 | EDELMAN FINANCIAL (USD) TL B S+300 4/7/2028 | 54 | 104 | 50 | ▲ 93% |
| 8 | GLOBAL MEDICAL RESPONSE INC (USD) TL S+350 9/10/2032 | 32 | 82 | 50 | ▲ 156% |
| 9 | SIGNATURE AVIATION US HLDGS INC (USD) TL B2 S+275 7/1/2031 | 50 | 99 | 49 | ▲ 98% |
| 10 | CORNERSTONE BLDG BRANDS INC (USD) TL L+325 4/12/2028 | 24 | 73 | 49 | ▲ 204% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/28/25-12/5/25
| Rank | Tranche | Dealers |
| 1 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 22 |
| 2 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 21 |
| 3 | UKG INC (USD) TL S+250 2/9/2031 | 20 |
| 4 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 20 |
| 5 | APPLIED SYSTEMS (USD) TL B S+225 2/23/2031 | 20 |
| 6 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 19 |
| 7 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 19 |
| 8 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 19 |
| 9 | WHATABURGER (USD) TL B S+250 8/3/2028 | 19 |
| 10 | TRICORBRAUN (USD) TL B S+325 3/6/2031 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/28/25-12/5/25
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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