Syndicated Bank Loan Market Summary – Week Ending 1/23/26
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 1/23/26
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Men’s Wearhouse LLC | 650 | Term Loan | 1/22/2031 | S+600 |
| Citco Group | 1170 | Term Loan | 1/21/2033 | S+225 |
Forward Calendar
Forward calendar during the week ending 1/23/26
| Issuer | Banks | Expected Issue Date |
| Applied Systems Inc. | JPM, MS | Q1 2026 |
| Biomarin Pharmaceutical | MS, CITI, BofA, JPM | Q1 2026 |
| Treehouse Foods Inc. | RBC, DB, KKR | Q1 2026 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 1/16/26-1/23/26
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 7250 | HOLOGIC INC (USD) TL B S+325 1/13/2033 | -0.01 | 99.50 | 100.3166993 | 15 |
| 2 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | -0.01 | 99.41 | 100.0033512 | 17 |
| 3 | 6145.2 | MAGNOLIA (USD) TL L+375 2/1/2028 | 0.00 | 92.80 | 93.22658694 | 12 |
| 4 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00 | 100.19 | 100.3558044 | 10 |
| 5 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 0.00 | 99.50 | 99.98886095 | 18 |
| 6 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00 | 100.43 | 100.5848255 | 16 |
| 7 | 4741 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | 0.00 | 90.92 | 90.80639405 | 14 |
| 8 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | -0.01 | 99.79 | 100.4685053 | 12 |
| 9 | 4588.655 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 0.00 | 100.06 | 100.1533837 | 16 |
| 10 | 4510.57 | RADIATE HOLDCO LLC (USD) 1ST OUT TL S+500 9/25/2029 | 0.01 | 84.93 | 84.49346276 | 10 |
| 11 | 4300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00 | 100.09 | 100.0209309 | 14 |
| 12 | 4230 | TK ELEVATOR (US) NEWCO INC TL B | 0.00 | 100.56 | 100.7034873 | 14 |
| 13 | 4204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.00 | 99.72 | 99.83940522 | 15 |
| 14 | 4084 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00 | 100.29 | 100.4092362 | 14 |
| 15 | 4001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.00 | 100.43 | 100.5668495 | 13 |
| 16 | 3935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00 | 100.40 | 100.6269653 | 13 |
| 17 | 3914 | BROADSTREET PARTNERS INC (USD) TL B S+275 6/16/2031 | 0.00 | 99.93 | 100.002825 | 14 |
| 18 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 0.00 | 100.09 | 100.3416062 | 16 |
| 19 | 3736.25 | UFC (USD) TL B5 S+200 11/21/2031 | 0.00 | 100.54 | 100.670593 | 15 |
| 20 | 3640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.00 | 100.13 | 100.2514021 | 14 |
| Average | 4712.37175 | -0.002022332 | 98.4856249 | 100.6929864 | 14.1 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 1/16/26-1/23/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | INEOS STYROLUTION GROUP GMBH (EUR) TL B E+450 3/8/2029 | ▲ 11.52% | 72.35 | 64.87 | 11 |
| 2 | CERBA HEALTHCARE (EUR) TL C E+400 2/16/2029 | ▲ 2.31% | 77.18 | 75.43 | 9 |
| 3 | ORGANON & CO (USD) TL B S+225 5/17/2031 | ▲ 2.21% | 97.78 | 95.66 | 11 |
| 4 | KNOWLTON DEVELOPMENT (USD) TL B S+350 8/15/2028 | ▲ 1.94% | 97.96 | 96.10 | 7 |
| 5 | VET INTERMEDIATE (USD) TL B S+500 9/19/2029 | ▲ 1.78% | 96.37 | 94.69 | 11 |
| 6 | EPIQ SYSTEMS (USD) TL S+425 4/26/2029 | ▲ 1.36% | 93.58 | 92.32 | 9 |
| 7 | THE HUT GROUP (EUR) TL B E+500 12/11/2029 | ▲ 1.17% | 96.65 | 95.54 | 12 |
| 8 | DAVE & BUSTER’S (USD) TL B S+325 6/29/2029 | ▲ 1.15% | 93.00 | 91.94 | 11 |
| 9 | BRIGHTSPEED TL | ▲ 0.93% | 90.90 | 90.06 | 14 |
| 10 | GENUINE FINANCIAL (USD) TL B S+325 9/21/2030 | ▲ 0.92% | 89.54 | 88.72 | 9 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 1/16/26-1/23/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | RACKSPACE TECH GLOBAL INC (USD) 2ND OUT TL B S+275 5/15/2028 | ▼ 17.09% | 26.63 | 32.12 | 13 |
| 2 | VERACODE (USD) TL B S+475 5/2/2029 | ▼ 8.58% | 50.61 | 55.36 | 10 |
| 3 | ENTERTAINMENT PARTNERS (USD) TL B S+450 11/6/2028 | ▼ 6.15% | 61.14 | 65.14 | 9 |
| 4 | HOUSE OF HR GROUP BV (EUR) TL B E+500 11/3/2029 | ▼ 4.79% | 91.51 | 96.12 | 9 |
| 5 | QLIK TECHNOLOGIES (USD) TL B S+325 10/26/2030 | ▼ 4.64% | 94.35 | 98.93 | 15 |
| 6 | LANDESK (USD) 2L TL S+725 6/1/2029 | ▼ 4.28% | 40.23 | 42.02 | 6 |
| 7 | MOTION BONDCO DAC (USD) TL B S+350 11/24/2029 | ▼ 3.91% | 86.00 | 89.50 | 11 |
| 8 | BARRACUDA (USD) TL S+450 5/17/2029 | ▼ 2.76% | 79.72 | 81.98 | 13 |
| 9 | CLOUDERA (USD) TL B L+375 10/8/2028 | ▼ 2.19% | 92.56 | 94.63 | 7 |
| 10 | STARK GROUP (EUR) TL B E+500 5/4/2028 | ▼ 2.02% | 88.24 | 90.06 | 13 |
Avg Bid Price by Sector
Displays the average loan bid price by sector between 1/16/26-1/23/26. 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 1/16/26-1/23/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/16/26 vs. the week ending 1/23/26
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | INEOS STYROLUTION GROUP GMBH (EUR) TL B E+200 2/28/2027 | 18 | 36 | 18 | ▲ 100% |
| 2 | B&B HOTELS (EUR) TL B E+375 3/21/2031 | 26 | 42 | 16 | ▲ 62% |
| 3 | VIVALTO SANTE SAS (EUR) TL B E+350 7/4/2031 | 14 | 28 | 14 | ▲ 100% |
| 4 | DORNA SPORTS (EUR) TL B E+300 7/29/2032 | 26 | 40 | 14 | ▲ 54% |
| 5 | INFINITE ELECTRONICS (USD) 2L TL L+700 3/2/2029 | 10 | 24 | 14 | ▲ 140% |
| 6 | SONICWALL (USD) TL B S+500 5/15/2028 | 22 | 36 | 14 | ▲ 64% |
| 7 | INEOS STYROLUTION GROUP GMBH (EUR) TL B E+400 3/1/2030 | 18 | 31 | 13 | ▲ 72% |
| 8 | SABRE (USD) TL B1 S+625 7/30/2029 | 2 | 15 | 13 | ▲ 650% |
| 9 | HOUSE OF HR GROUP BV (EUR) TL B E+500 11/3/2029 | 16 | 28 | 12 | ▲ 75% |
| 10 | MAGENTA BUYER LLC (EUR) TL B E+350 3/1/2029 | 18 | 30 | 12 | ▲ 67% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/16/26-1/23/26
| Rank | Tranche | Dealers |
| 1 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 18 |
| 2 | BELLIS ACQUISITION CO PLC (EUR) TL B E+425 5/2/2031 | 18 |
| 3 | EMRLD BORROWER LP (USD) TL B S+225 5/31/2030 | 18 |
| 4 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 18 |
| 5 | UKG INC (USD) TL S+250 2/9/2031 | 17 |
| 6 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 17 |
| 7 | MAVIS TIRE EXPRESS SERVS TOPCO CORP (USD) TL B S+300 5/4/2028 | 17 |
| 8 | AMWINS GROUP INC (USD) TL B S+225 1/23/2032 | 17 |
| 9 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 17 |
| 10 | ELSAN GROUPE (EUR) TL B E+350 3/7/2031 | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/16/26-1/23/26
Sector Bid-Offer Spread
Results are based on select industry sectors, however, we offer data across 36 sectors
Related Resources
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