Syndicated Bank Loan Market Summary – Week Ending 2/13/26
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 2/13/26
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Crane Co. | 338 | Term Loan | 12/10/2032 | S+275 |
| Laureate Education Inc. | 1000 | Term Loan | 12/31/2031 | S+300 |
| Mitchell Intl. Inc. | 2666 | Term Loan | 6/17/2031 | S+300 |
| Vita Bidco Inc. | 605 | Term Loan | 9/9/2031 | E+325 |
Forward Calendar
Forward calendar during the week ending 2/13/26
| Issuer | Banks | Expected Issue Date |
| Advanced Drainage Systems | BofA, PNC, JPM | Q1 2026 |
| Michaels Cos. Inc. | UBS | Q1 2026 |
| VistaJet | BofA, DB | Q1 2026 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 2/6/26-2/13/26
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.00 | 97.31 | 97.07 | 20 |
| 2 | 6145.20 | MAGNOLIA (USD) TL L+375 2/1/2028 | -0.02 | 89.54 | 91.16 | 13 |
| 3 | 5621.00 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00 | 98.28 | 98.00 | 12 |
| 4 | 5500.00 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | -0.01 | 95.67 | 96.15 | 22 |
| 5 | 5080.00 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00 | 100.15 | 99.88 | 16 |
| 6 | 4741.00 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | -0.03 | 85.05 | 87.83 | 15 |
| 7 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.00 | 98.60 | 98.43 | 11 |
| 8 | 4588.66 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 0.00 | 99.07 | 99.46 | 19 |
| 9 | 4510.57 | RADIATE HOLDCO LLC (USD) 1ST OUT TL S+500 9/25/2029 | 0.00 | 86.16 | 86.15 | 10 |
| 10 | 4300.00 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00 | 99.95 | 99.87 | 14 |
| 11 | 4230.00 | TK ELEVATOR HOLDCO GMBH (USD) TL B S+325 4/11/2030 | 0.00 | 100.18 | 100.03 | 13 |
| 12 | 4204.00 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.00 | 99.22 | 98.86 | 14 |
| 13 | 4084.00 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00 | 99.84 | 99.69 | 12 |
| 14 | 4001.00 | CITADEL SECS GLOBAL HLDGS LLC (USD) TL B S+200 10/28/2031 | 0.00 | 100.22 | 100.11 | 13 |
| 15 | 3935.00 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00 | 99.72 | 99.51 | 14 |
| 16 | 3900.00 | DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 | 0.00 | 100.11 | 99.93 | 10 |
| 17 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | -0.01 | 98.36 | 99.25 | 19 |
| 18 | 3736.25 | UFC (USD) TL B5 S+200 11/21/2031 | 0.00 | 100.06 | 100.06 | 15 |
| 19 | 3640.00 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.00 | 100.02 | 99.91 | 16 |
| 20 | 3600.00 | GLOBAL MEDICAL RESPONSE INC (USD) TL S+350 9/10/2032 | 0.00 | 100.23 | 99.97 | 14 |
| Average | 4529.17 | -0.002 | 97.39 | 75.75 | 14.6 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 2/6/26-2/13/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | INEOS FIN PLC (USD) TL B S+325 2/5/2030 | ▲ 5.09% | 82.96 | 78.94 | 10 |
| 2 | GI REVELATION (USD) TL B S+375 5/14/2028 | ▲ 4.55% | 80.66 | 77.14 | 14 |
| 3 | FINASTRA (USA) INC (USD) TL B S+400 9/15/2032 | ▲ 3.57% | 91.64 | 88.48 | 11 |
| 4 | COLISEE PATRIMOINE (EUR) TL B3 E+375 11/30/2027 | ▲ 2.62% | 59.01 | 57.50 | 11 |
| 5 | MULTI-COLOR (USD) TL B L+500 10/29/2028 | ▲ 2.38% | 46.31 | 45.24 | 13 |
| 6 | KODIAK (USD) TL B S+400 11/26/2031 | ▲ 1.98% | 100.08 | 98.13 | 13 |
| 7 | COX COMMS INC (USD) TL B S+350 6/18/2029 | ▲ 1.77% | 94.65 | 93.00 | 13 |
| 8 | PRE-PAID LEGAL SERVICES (USD) TL B S+325 12/15/2028 | ▲ 1.72% | 89.41 | 87.90 | 10 |
| 9 | VERITV (USD) TL B S+400 11/30/2030 | ▲ 1.51% | 99.13 | 97.66 | 12 |
| 10 | BRIGHTSPEED TL | ▲ 1.43% | 92.80 | 91.49 | 14 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 2/6/26-2/13/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | CAST & CREW (USD) TL B S+375 12/30/2028 | ▼ 23.31% | 40.26 | 52.49 | 6 |
| 2 | CENTRAL PARENT LLC (USD) TL B S+325 7/6/2029 | ▼ 7.36% | 70.17 | 75.75 | 14 |
| 3 | ION PLATFORM (EUR) TL B E+425 9/30/2032 | ▼ 4.51% | 81.96 | 85.83 | 12 |
| 4 | TECTUM HOLDINGS INC (USD) TL B S+500 1/31/2028 | ▼ 3.51% | 73.43 | 76.10 | 17 |
| 5 | PLAYTIKA HOLDING CORP (USD) TL B L+275 3/13/2028 | ▼ 3.31% | 93.08 | 96.27 | 14 |
| 6 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | ▼ 3.17% | 85.05 | 87.83 | 15 |
| 7 | GETTY IMAGES INC (EUR) TL B E+600 2/13/2030 | ▼ 3.06% | 91.81 | 94.71 | 8 |
| 8 | SCUR-ALPHA 1503 GMBH (EUR) TL B E+450 7/29/2028 | ▼ 2.64% | 86.80 | 89.15 | 8 |
| 9 | GRANT THORNTON ADVISORS LLC (USD) TL B S+300 5/31/2031 | ▼ 2.55% | 94.96 | 97.45 | 11 |
| 10 | SURF HOLDINGS (USD) TL B L+350 3/5/2027 | ▼ 2.30% | 95.91 | 98.17 | 14 |
Avg Bid Price by Sector
Displays the average loan bid price by sector between 2/6/26-2/13/26. 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 2/6/26-2/13/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 2/6/26 vs. the week ending 2/13/26
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | PETCO (USD) TL B S+450 1/22/2031 | 37 | 68 | 31 | ▲ 84% |
| 2 | NEW FORTRESS ENERGY INC (USD) TL B S+550 10/30/2028 | 0 | 26 | 26 | ▲ NA |
| 3 | CLOUDERA (USD) 2L TL L+600 10/8/2029 | 3 | 28 | 25 | ▲ 833% |
| 4 | DAVE & BUSTER’S (USD) TL B S+325 9/26/2031 | 48 | 70 | 22 | ▲ 46% |
| 5 | ADIENT GLOBAL HLDGS LTD (USD) TL B S+200 1/31/2031 | 22 | 44 | 22 | ▲ 100% |
| 6 | CHG HEALTHCARE (USD) TL B S+275 9/29/2028 | 53 | 74 | 21 | ▲ 40% |
| 7 | CHARTER NEXT GENERATION INC (USD) TL B S+275 11/29/2030 | 68 | 88 | 20 | ▲ 29% |
| 8 | ASSETMARK FINANCIAL HOLDINGS INC (USD) TL S+250 9/5/2031 | 30 | 48 | 18 | ▲ 60% |
| 9 | PRESS GANEY (USD) TL B S+300 4/30/2031 | 28 | 46 | 18 | ▲ 64% |
| 10 | APPLIED SYSTEMS (USD) TL B S+225 2/23/2031 | 48 | 66 | 18 | ▲ 38% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 2/6/26-2/13/26
| 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 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 19 |
| 5 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 19 |
| 6 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 19 |
| 7 | BELLIS ACQUISITION CO PLC (EUR) TL B E+425 5/2/2031 | 18 |
| 8 | LBM ACQUISITION LLC (USD) TL B S+375 5/29/2031 | 18 |
| 9 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 18 |
| 10 | MAVIS TIRE EXPRESS SERVS TOPCO CORP (USD) TL B S+300 5/4/2028 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 2/6/26-2/13/26
Sector Bid-Offer Spread
Results are based on select industry sectors, however, we offer data across 36 sectors
Related Resources
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