Syndicated Bank Loan Market Summary – Week Ending 1/2/26
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 1/2/26
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Turkiye Vakiflar Bankasi | 618 | Term Loan | 10/29/2026 | S+150 |
| Turkiye Is Bankasi AS | 98 | Term Loan | 12/6/2026 | S+150 |
| QNB Finansbank AS | 34 | Term Loan | 12/2/2027 | E+210 |
| Akbank TAS | – | Term Loan | 10/29/2026 | E+125 |
Forward Calendar
Forward calendar during the week ending 1/2/26
| Issuer | Banks | Expected Issue Date |
| Columbus McKinnon Corp. | KKR | Q1 2025 |
| Hillenbrand Inc. | – | Q1 2025 |
| Treehouse Foods Inc. | RBC, KKR, DB | Q1 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 12/26/25-1/2/26
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.00% | 100.07 | 100.0760814 | 19 |
| 2 | 6145.2 | MAGNOLIA (USD) TL L+375 2/1/2028 | 0.00% | 92.74 | 92.74599376 | 13 |
| 3 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00% | 100.41 | 100.3235469 | 12 |
| 4 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 0.00% | 99.67 | 99.63142391 | 19 |
| 5 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00% | 100.47 | 100.4210185 | 18 |
| 6 | 4741 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | 0.00% | 92.75 | 92.73615002 | 13 |
| 7 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.00% | 100.43 | 100.3858164 | 15 |
| 8 | 4300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00% | 100.10 | 100.0176145 | 14 |
| 9 | 4230 | TK ELEVATOR (US) NEWCO INC TL B | 0.00% | 100.63 | 100.619307 | 16 |
| 10 | 4204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.00% | 99.49 | 99.45763659 | 16 |
| 11 | 4084 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00% | 100.25 | 100.2222396 | 15 |
| 12 | 4073.83 | MEDLINE BORROWER LP (USD) TL B S+200 10/23/2028 | 0.00% | 100.25 | 100.2622445 | 10 |
| 13 | 4001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.00% | 100.54 | 100.5 | 15 |
| 14 | 3935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00% | 100.56 | 100.530004 | 12 |
| 15 | 3914 | BROADSTREET PARTNERS INC (USD) TL B S+275 6/16/2031 | 0.00% | 100.29 | 100.285377 | 17 |
| 16 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 0.00% | 100.24 | 100.2026072 | 18 |
| 17 | 3736.25 | UFC (USD) TL B5 S+200 11/21/2031 | 0.00% | 100.46 | 100.3789043 | 15 |
| 18 | 3640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.00% | 100.32 | 100.3344796 | 15 |
| 19 | 3600 | GLOBAL MEDICAL RESPONSE INC (USD) TL S+350 9/10/2032 | 0.00% | 100.23 | 100.3469039 | 14 |
| 20 | 3573 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | 0.00% | 84.53 | 84.44918665 | 13 |
| Average | 4457.252 | 0.000256678% | 98.72122964 | 100.2867133 | 14.95 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 12/26/25-1/2/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | LESLIE’S POOLMART (USD) TL B L+275 3/9/2028 | ▲ 4.29% | 46.68 | 44.76 | 12 |
| 2 | ZAYO (EUR) TL B E+325 3/9/2030 | ▲ 3.25% | 97.17 | 94.11 | 11 |
| 3 | CONNECT HLDG II LLC (USD) PIK SO 2ND OUT TL S+575 10/31/2031 | ▲ 2.10% | 65.56 | 64.22 | 6 |
| 4 | SKILLSOFT (USD) TL B S+525 7/16/2028 | ▲ 1.45% | 70.74 | 69.73 | 8 |
| 5 | MONEYGRAM INTL INC (USD) TL B S+475 6/1/2030 | ▲ 1.36% | 66.22 | 65.33 | 9 |
| 6 | PIXELLE SPECIALTY SOLUTIONS (USD) TL B S+650 5/10/2028 | ▲ 1.29% | 93.56 | 92.37 | 7 |
| 7 | FENDER (USD) TL B S+400 12/1/2028 | ▲ 0.90% | 90.03 | 89.23 | 5 |
| 8 | INTERIOR LOGIC (USD) TL B L+350 4/3/2028 | ▲ 0.86% | 71.38 | 70.77 | 12 |
| 9 | US LBM (USD) TL B S+375 5/29/2031 | ▲ 0.72% | 94.38 | 93.71 | 13 |
| 10 | KODIAK (USD) TL B S+400 11/26/2031 | ▲ 0.47% | 97.71 | 97.26 | 13 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 12/26/25-1/2/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | SONICWALL (USD) TL B S+500 5/15/2028 | ▼ 9.28% | 64.34 | 70.92 | 11 |
| 2 | VERACODE (USD) TL B S+475 5/2/2029 | ▼ 4.95% | 61.70 | 64.91 | 9 |
| 3 | SOLMAX (USD) TL L+475 5/29/2028 | ▼ 3.32% | 79.38 | 82.11 | 10 |
| 4 | BRIGHTSPEED (USD) TL B S+500 10/30/2029 | ▼ 1.83% | 64.33 | 65.53 | 6 |
| 5 | NOVAE (USD) TL B S+500 12/22/2028 | ▼ 1.03% | 92.42 | 93.38 | 4 |
| 6 | FOGO DE CHAO (USD) TL B S+475 9/20/2030 | ▼ 0.83% | 92.43 | 93.20 | 6 |
| 7 | INEOS COMPOSITES (USD) TL S+375 2/5/2032 | ▼ 0.74% | 98.11 | 98.85 | 11 |
| 8 | IDERA PHARMACEUTICALS INC (USD) TL B S+350 6/28/2028 | ▼ 0.52% | 92.54 | 93.03 | 9 |
| 9 | LEARNING CARE (USD) TL B S+400 8/9/2028 | ▼ 0.46% | 82.34 | 82.72 | 6 |
| 10 | XAI CORP (USD) TL B S+725 6/2/2030 | ▼ 0.37% | 99.13 | 99.50 | 8 |
Avg Bid Price by Sector
Displays the average loan bid price by sector between 12/26/25-1/2/26. Results are based on 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 12/26/25-1/2/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/26/25 vs. the week ending 1/2/26
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | SONICWALL (USD) TL B S+500 5/15/2028 | 4 | 28 | 24 | ▲ 600% |
| 2 | MAGENTA BUYER LLC (USD) 3RD OUT TL S+625 7/27/2028 | 12 | 30 | 18 | ▲ 150% |
| 3 | LANDESK (USD) 2ND OUT TL S+475 6/1/2029 | 20 | 36 | 16 | ▲ 80% |
| 4 | MAGENTA BUYER LLC (USD) TL S+625 7/7/2028 | 24 | 38 | 14 | ▲ 58% |
| 5 | VIASAT INC (USD) TL B S+375 3/2/2029 | 14 | 28 | 14 | ▲ 100% |
| 6 | VERACODE (USD) TL B S+475 5/2/2029 | 20 | 34 | 14 | ▲ 70% |
| 7 | ICP GROUP (USD) 2L TL S+775 12/29/2028 | 2 | 16 | 14 | ▲ 700% |
| 8 | TRAVELPORT (USD) TL B S+875 9/29/2028 | 32 | 46 | 14 | ▲ 44% |
| 9 | PAR PETROLEUM (USD) TL B S+325 2/28/2030 | 0 | 14 | 14 | NA |
| 10 | ACUREN (USD) TL S+275 7/30/2031 | 31 | 44 | 13 | ▲ 42% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/26/25-1/2/26
| Rank | Tranche | Dealers |
| 1 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 20 |
| 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 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 19 |
| 6 | WHATABURGER (USD) TL B S+250 8/3/2028 | 19 |
| 7 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 18 |
| 8 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 18 |
| 9 | TENNECO INC (USD) TL B S+500 11/6/2028 | 18 |
| 10 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/26/25-1/2/26
Sector Bid-Offer Spread
Results are based on select industry sectors, however, we offer data across 36 sectors
Related Resources
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