Syndicated Bank Loan Market Summary – Week Ending 12/19/25
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 12/19/25
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| STADA Arzneimittel AG | 1,500 | Term Loan | 12/4/2032 | E+375 |
| Newfold Digital Inc. | 1,556 | Term Loan | 4/30/2029 | S+360 |
| National Intergovernmental Purchasing Alliance Co. | 2,265 | Term Loan | 12/11/2032 | S+275 |
Forward Calendar
Forward calendar during the week ending 12/19/25
| Issuer | Banks | Expected Issue Date |
| Columbus McKinnon Corp | JPM | Q4 2025 |
| Gibraltar Industries Inc | BofA, WF | Q4 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 12/12/25-12/19/25
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.00% | 100.04 | 100.1168443 | 19 |
| 2 | 6145.2 | MAGNOLIA (USD) TL L+375 2/1/2028 | 0.00% | 91.82 | 91.49558496 | 13 |
| 3 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00% | 100.28 | 100.246891 | 12 |
| 4 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 0.00% | 99.69 | 99.82119147 | 22 |
| 5 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00% | 100.43 | 100.5035479 | 18 |
| 6 | 4741 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | -0.01% | 92.80 | 93.71372157 | 14 |
| 7 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.00% | 100.41 | 100.5090732 | 16 |
| 8 | 4654.83 | BELRON UK FIN PLC (USD) TL B S+250 10/16/2031 | 0.00% | 100.46 | 100.5003338 | 10 |
| 9 | 4300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00% | 100.06 | 100.2442671 | 14 |
| 10 | 4230 | TK ELEVATOR (US) NEWCO INC TL B | 0.00% | 100.59 | 100.6357134 | 16 |
| 11 | 4204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.00% | 99.46 | 99.41428105 | 16 |
| 12 | 4084 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00% | 100.19 | 100.1656305 | 12 |
| 13 | 4073.83 | MEDLINE BORROWER LP (USD) TL B S+200 10/23/2028 | 0.00% | 100.16 | 100.0033661 | 10 |
| 14 | 4001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.00% | 100.53 | 100.4775433 | 15 |
| 15 | 3935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00% | 100.51 | 100.5374465 | 12 |
| 16 | 3914 | BROADSTREET PARTNERS INC (USD) TL B S+275 6/16/2031 | 0.00% | 100.28 | 100.3509363 | 17 |
| 17 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 0.00% | 100.24 | 100.179561 | 18 |
| 18 | 3736.25 | UFC (USD) TL B5 S+200 11/21/2031 | 0.00% | 100.37 | 100.3982182 | 15 |
| 19 | 3640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.00% | 100.31 | 100.3197613 | 15 |
| 20 | 3600 | GLOBAL MEDICAL RESPONSE INC (USD) TL S+350 9/10/2032 | 0.00% | 100.62 | 100.5639388 | 13 |
| Average | 4511.3435 | -0.00% | 99.46258175 | 84.59298572 | 14.85 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 12/12/25-12/19/25
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | APEX GROUP TRSY LLC (EUR) TL B E+375 2/19/2032 | ▲ 3.62% | 94.93 | 91.61 | 10 |
| 2 | ARAMSCO (USD) TL B S+475 10/5/2030 | ▲ 2.48% | 66.96 | 65.34 | 4 |
| 3 | LESLIE’S POOLMART (USD) TL B L+275 3/9/2028 | ▲ 2.20% | 44.38 | 43.42 | 11 |
| 4 | INTERNET BRANDS (USD) 2L TL L+625 2/23/2029 | ▲ 1.86% | 83.12 | 81.60 | 10 |
| 5 | CARDENAS MARKETS (USD) TL B S+675 8/1/2029 | ▲ 1.59% | 76.54 | 75.34 | 16 |
| 6 | JETBLUE AIRWAYS CORP (USD) TL B S+475 8/27/2029 | ▲ 1.18% | 95.69 | 94.58 | 8 |
| 7 | HERTZ CORP (USD) TL B S+375 6/30/2028 | ▲ 0.96% | 82.74 | 81.95 | 9 |
| 8 | CHEMOURS CO (USD) TL B S+325 9/30/2032 | ▲ 0.92% | 98.37 | 97.47 | 6 |
| 9 | MICHAELS STORES (USD) TL L+425 4/15/2028 | ▲ 0.74% | 96.34 | 95.63 | 11 |
| 10 | HELP AT HOME (USD) TL S+500 9/17/2031 | ▲ 0.55% | 86.82 | 86.35 | 9 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 12/12/25-12/19/25
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | TRICO PRODUCTS (USD) DIP TL A S+155 6/29/2026 | ▼ 37.07% | 25.17 | 40.00 | 12 |
| 2 | ALPHIA INC (USD) TL B S+500 9/28/2030 | ▼ 8.36% | 74.15 | 80.91 | 11 |
| 3 | MULTI-COLOR (USD) TL B L+500 10/29/2028 | ▼ 6.70% | 63.83 | 68.41 | 12 |
| 4 | VERACODE (USD) TL B S+475 5/2/2029 | ▼ 6.68% | 64.62 | 69.24 | 9 |
| 5 | MONEYGRAM INTL INC (USD) TL B S+475 6/1/2030 | ▼ 4.14% | 62.22 | 64.91 | 10 |
| 6 | ENTERTAINMENT PARTNERS (USD) TL B S+450 11/6/2028 | ▼ 3.13% | 71.30 | 73.60 | 10 |
| 7 | CORNERSTONE BLDG BRANDS INC (USD) TL L+325 4/12/2028 | ▼ 2.70% | 78.94 | 81.13 | 14 |
| 8 | TECTUM HOLDINGS INC (USD) TL B S+500 1/31/2028 | ▼ 2.48% | 77.95 | 79.94 | 14 |
| 9 | BRIGHTSPEED TL | ▼ 1.85% | 87.28 | 88.93 | 12 |
| 10 | ACPRODUCTS HLDGS INC (USD) TL B L+425 5/17/2028 | ▼ 1.67% | 82.22 | 83.62 | 10 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/12/25-12/19/25 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 12/12/25-12/19/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/12/25 vs. the week ending 12/19/25
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | SIGNATURE AVIATION US HLDGS INC (USD) TL B2 S+250 7/1/2031 | 20 | 104 | 84 | ▲ 420% |
| 2 | PROMONTORY (USD) TL B S+400 7/4/2031 | 57 | 88 | 31 | ▲ 54% |
| 3 | RAISING CANES CHICKEN FINGERS LLC (USD) TL B S+200 9/10/2031 | 43 | 61 | 18 | ▲ 42% |
| 4 | MAGNOLIA (USD) 2L TL S+775 2/1/2029 | 26 | 44 | 18 | ▲ 69% |
| 5 | LIBERTY MEDIA CORP (USD) TL B L+200 9/10/2031 | 24 | 42 | 18 | ▲ 75% |
| 6 | WYNDHAM HOTELS & RESORTS INC (USD) TL B S+200 12/14/2029 | 34 | 52 | 18 | ▲ 53% |
| 7 | TRAVELPORT (USD) TL B S+875 9/29/2028 | 40 | 57 | 17 | ▲ 43% |
| 8 | KIK CUSTOM (USD) TL B S+400 6/26/2031 | 12 | 29 | 17 | ▲ 142% |
| 9 | MAGENTA BUYER LLC (USD) TL S+625 7/7/2028 | 40 | 56 | 16 | ▲ 40% |
| 10 | BRIGHTSPEED TL | 26 | 42 | 16 | ▲ 62% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/12/25-12/19/25
| 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 | 20 |
| 3 | UKG INC (USD) TL S+250 2/9/2031 | 19 |
| 4 | EMRLD BORROWER LP (USD) TL B S+225 5/31/2030 | 19 |
| 5 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 19 |
| 6 | WHATABURGER (USD) TL B S+250 8/3/2028 | 19 |
| 7 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 18 |
| 8 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 18 |
| 9 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 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 12/12/25-12/19/25
Sector Bid-Offer Spread
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
