Syndicated Bank Loan Market Summary – Week Ending 1/16/26
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 1/16/26
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Venture Global LNG | 500 | Term Loan | 2/9/2024 | S+550 |
| Constellis Group Inc. | 100 | Term Loan | 4/15/2022 | S+625 |
| Post Holdings Inc. | 450 | Term Loan | 9/23/2023 | S+150 |
| CPC Acquisition Corp. | 950 | Term Loan | 7/27/2024 | S+140 |
| Quest Software US Holdings Inc | 270 | Term Loan | 2/1/2030 | S+775 |
Forward Calendar
Forward calendar during the week ending 1/16/26
| Issuer | Banks | Expected Issue Date |
| Actus Nutrition | JPM | Q1 2026 |
| Cengage Learning Inc. | MS | Q1 2026 |
| Hilcorp Energy | JPM | Q1 2026 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 1/9/26-1/16/26
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.00% | 100.00 | 99.86600873 | 17 |
| 2 | 6145.2 | MAGNOLIA (USD) TL L+375 2/1/2028 | 0.00% | 93.23 | 93.16476279 | 12 |
| 3 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00% | 100.36 | 100.3859618 | 11 |
| 4 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 0.01% | 99.99 | 99.48487718 | 18 |
| 5 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00% | 100.58 | 100.5501341 | 17 |
| 6 | 4741 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | 0.02% | 90.81 | 89.23613683 | 15 |
| 7 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.00% | 100.47 | 100.532446 | 14 |
| 8 | 4600 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | – | 100.15 | – | 13 |
| 9 | 4510.57 | RADIATE HOLDCO LLC (USD) 1ST OUT TL S+500 9/25/2029 | 0.03% | 84.49 | 81.95918041 | 10 |
| 10 | 4300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00% | 100.02 | 100.2510013 | 14 |
| 11 | 4230 | TK ELEVATOR (US) NEWCO INC TL B | 0.00% | 100.70 | 100.706293 | 15 |
| 12 | 4204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.00% | 99.84 | 99.8409831 | 14 |
| 13 | 4084 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00% | 100.41 | 100.3710083 | 15 |
| 14 | 4073.83 | MEDLINE BORROWER LP (USD) TL B S+200 10/23/2028 | 0.00% | 100.39 | 100.375 | 10 |
| 15 | 4001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.00% | 100.57 | 100.6288866 | 12 |
| 16 | 3935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00% | 100.63 | 100.6434334 | 13 |
| 17 | 3914 | BROADSTREET PARTNERS INC (USD) TL B S+275 6/16/2031 | 0.00% | 100.00 | 100.3773075 | 14 |
| 18 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 0.00% | 100.34 | 100.3604087 | 16 |
| 19 | 3736.25 | UFC (USD) TL B5 S+200 11/21/2031 | 0.00% | 100.67 | 100.6130036 | 15 |
| 20 | 3640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.00% | 100.25 | 100.3763977 | 15 |
| Average | 4554.1305 | – | 98.69509549 | 100.6901747 | 14 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 1/9/26-1/16/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | SPRINGS WINDOW (USD) TL B L+400 10/6/2028 | ▲ 12.65% | 76.06 | 67.52 | 5 |
| 2 | AMERICAN ROCK SALT (USD) TL B S+400 6/9/2028 | ▲ 5.96% | 83.11 | 78.43 | 7 |
| 3 | OSCAR ACQUISITIONCO LLC (USD) TL B S+425 4/29/2029 | ▲ 5.60% | 78.22 | 74.07 | 14 |
| 4 | CAST & CREW (USD) TL S+375 12/29/2028 | ▲ 3.42% | 61.87 | 59.82 | 6 |
| 5 | AVATAR PURCHASER (USD) TL B S+300 8/28/2030 | ▲ 3.19% | 94.63 | 91.70 | 9 |
| 6 | RADIATE HOLDCO LLC (USD) 1ST OUT TL S+500 9/25/2029 | ▲ 3.09% | 84.49 | 81.96 | 10 |
| 7 | SPECIALTY BLDG PRODUCTS HLDGS LLC (USD) TL B L+375 10/15/2028 | ▲ 2.55% | 96.19 | 93.80 | 14 |
| 8 | GENUINE FINANCIAL (USD) TL B S+325 9/21/2030 | ▲ 2.06% | 88.72 | 86.93 | 9 |
| 9 | CALDIC (EUR) TL B E+350 2/4/2029 | ▲ 1.94% | 92.66 | 90.90 | 8 |
| 10 | INTERIOR LOGIC (USD) TL B L+350 4/3/2028 | ▲ 1.89% | 73.76 | 72.39 | 10 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 1/9/26-1/16/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | RESOURCE LABEL GROUP (USD) TL L+425 7/7/2028 | ▼ 17.31% | 49.01 | 59.27 | 9 |
| 2 | VERACODE (USD) TL B S+475 5/2/2029 | ▼ 9.19% | 55.36 | 60.96 | 10 |
| 3 | RACKSPACE TECH GLOBAL INC (USD) 2ND OUT TL B S+275 5/15/2028 | ▼ 8.89% | 32.12 | 35.26 | 13 |
| 4 | STYROLUTION (EUR) TL B E+450 3/8/2029 | ▼ 7.59% | 64.87 | 70.20 | 10 |
| 5 | FONCIA GROUPE (EUR) TL B E+350 3/27/2028 | ▼ 4.33% | 83.72 | 87.51 | 11 |
| 6 | INEOS FIN PLC (EUR) TL B E+325 2/7/2031 | ▼ 4.30% | 78.20 | 81.71 | 9 |
| 7 | GI REVELATION (USD) TL B S+375 5/14/2028 | ▼ 3.95% | 87.30 | 90.89 | 11 |
| 8 | ORBITER GROUP (EUR) TL B E+400 10/18/2028 | ▼ 3.81% | 87.03 | 90.48 | 16 |
| 9 | ENTERTAINMENT PARTNERS (USD) TL B S+450 11/6/2028 | ▼ 3.31% | 65.14 | 67.37 | 9 |
| 10 | ELSAN GROUPE (EUR) TL B E+350 3/7/2031 | ▼ 2.98% | 93.96 | 96.85 | 15 |
Avg Bid Price by Sector
Displays the average loan bid price by sector between 1/9/26-1/16/26. 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 1/9/26-1/16/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/9/26 vs. the week ending 1/16/26
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | BELLIS ACQUISITION CO PLC (EUR) TL B E+425 5/2/2031 | 32 | 73 | 41 | ▲ 128% |
| 2 | CRH EUROPE (EUR) TL B E+475 12/28/2029 | 36 | 63 | 27 | ▲ 75% |
| 3 | HUWS GRAY (EUR) DD TL B E+400 11/1/2028 | 26 | 51 | 25 | ▲ 96% |
| 4 | AMEDES GROUP (EUR) TL B E+375 10/12/2028 | 24 | 48 | 24 | ▲ 100% |
| 5 | ZIGGO (EUR) TL H E+300 1/17/2029 | 40 | 64 | 24 | ▲ 60% |
| 6 | EKATERRA (EUR) TL B E+475 7/30/2029 | 23 | 47 | 24 | ▲ 104% |
| 7 | CASINO GUICHARD (EUR) TL B 3/30/2027 | 4 | 26 | 22 | ▲ 550% |
| 8 | ATNAHS PHARMA UK LTD (EUR) TL B E+425 2/6/2030 | 20 | 42 | 22 | ▲ 110% |
| 9 | WALGREENS BOOTS ALLIANCE INC (GBP) TL B SN+475 8/30/2032 | 12 | 33 | 21 | ▲ 175% |
| 10 | CAPITAL VISION SERVICES LLC (USD) TL B S+300 4/15/2031 | 62 | 83 | 21 | ▲ 34% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/9/26-1/16/26
| Rank | Tranche | Dealers |
| 1 | EMRLD BORROWER LP (USD) TL B S+225 5/31/2030 | 19 |
| 2 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 18 |
| 3 | BELLIS ACQUISITION CO PLC (EUR) TL B E+425 5/2/2031 | 18 |
| 4 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 18 |
| 5 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 18 |
| 6 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 18 |
| 7 | WHATABURGER (USD) TL B S+250 8/3/2028 | 18 |
| 8 | TENNECO INC (USD) TL B S+500 11/6/2028 | 17 |
| 9 | CARDENAS MARKETS (USD) TL B S+675 8/1/2029 | 17 |
| 10 | AMWINS GROUP INC (USD) TL B S+225 1/23/2032 | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/9/26-1/16/26
Sector Bid-Offer Spread
Results are based on select industry sectors, however, we offer data across 36 sectors
Related Resources
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