Syndicated Bank Loan Market Summary – Week Ending 2/27/26
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 2/27/26
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Emeria SASU | 73 | Term Loan | 3/28/2028 | E+525 |
| Shelf Drilling Holdings LTD | 175 | Revolving Credit | 9/27/2028 | S+325 |
| Pinnacle Bidco PLC | 176 | Revolving Credit | 6/27/2028 | – |
| iSolved Inc. | 75 | Revolving Credit | 10/16/2028 | S+450 |
Forward Calendar
Forward calendar during the week ending 2/27/26
| Issuer | Banks | Expected Issue Date |
| Air Control Concepts | RBC | Q1 2026 |
| Flow Control Group | STDR | Q1 2026 |
| Vantor Holdings | GS | Q1 2026 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 2/20/26-2/27/26
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 7250 | HOLOGIC INC (USD) TL S+225 1/14/2033 | 0.00 | 98.73 | 99.20 | 11 |
| 2 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | -0.01 | 94.85 | 96.21 | 18 |
| 3 | 6145.2 | MAGNOLIA (USD) TL L+375 2/1/2028 | -0.05 | 85.30 | 89.41 | 13 |
| 4 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | -0.02 | 96.68 | 98.46 | 11 |
| 5 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | -0.02 | 91.58 | 93.69 | 18 |
| 6 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00 | 99.89 | 100.32 | 17 |
| 7 | 4741 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | -0.04 | 80.93 | 84.55 | 16 |
| 8 | 4588.66 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | -0.01 | 98.57 | 99.43 | 18 |
| 9 | 4395 | ENSEMBLE HEALTH (USD) TL B S+300 1/28/2033 | -0.02 | 96.01 | 98.45 | 10 |
| 10 | 4300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00 | 100.09 | 100.01 | 14 |
| 11 | 4230 | TK ELEVATOR HOLDCO GMBH (USD) TL B S+325 4/11/2030 | 0.00 | 99.93 | 100.21 | 14 |
| 12 | 4204 | JANE STREET (USD) TL B S+200 12/10/2031 | -0.03 | 96.36 | 99.43 | 16 |
| 13 | 4084 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00 | 99.56 | 99.91 | 13 |
| 14 | 4001 | CITADEL SECS GLOBAL HLDGS LLC (USD) TL B S+200 10/28/2031 | -0.01 | 99.58 | 100.14 | 12 |
| 15 | 3935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | -0.01 | 99.15 | 99.76 | 12 |
| 16 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | -0.01 | 97.59 | 98.94 | 19 |
| 17 | 3736.25 | UFC (USD) TL B5 S+200 11/21/2031 | 0.00 | 100.00 | 100.15 | 15 |
| 18 | 3640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.00 | 99.97 | 100.06 | 17 |
| 19 | 3600 | GLOBAL MEDICAL RESPONSE INC (USD) TL S+350 9/10/2032 | 0.00 | 99.91 | 100.21 | 15 |
| 20 | 3573 | CENTRAL PARENT LLC (USD) TL B S+325 7/6/2029 | -0.07 | 63.00 | 67.88 | 15 |
| Average | 4636.32 | -0.02 | 94.88 | 100.22 | 14.7 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 2/20/26-2/27/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | RACKSPACE TECH GLOBAL INC (USD) 2ND OUT TL B S+275 5/15/2028 | ▲ 30.44% | 40.82 | 31.29 | 14 |
| 2 | ENTERTAINMENT PARTNERS (USD) TL B S+450 11/6/2028 | ▲ 13.04% | 51.51 | 45.57 | 12 |
| 3 | INEOS STYROLUTION GROUP GMBH (USD) TL B S+425 3/9/2029 | ▲ 7.18% | 80.95 | 75.53 | 7 |
| 4 | NEW FORTRESS ENERGY INC (USD) TL B S+550 10/30/2028 | ▲ 4.00% | 47.32 | 45.50 | 6 |
| 5 | CLARIVATE ANALYTICS (USD) TL B S+275 1/25/2031 | ▲ 2.23% | 84.29 | 82.45 | 5 |
| 6 | PLAYTIKA HOLDING CORP (USD) TL B L+275 3/13/2028 | ▲ 1.92% | 92.73 | 90.99 | 14 |
| 7 | AMMERAAL BELTECH (EUR) TL B2 E+500 12/19/2028 | ▲ 1.22% | 84.96 | 83.94 | 12 |
| 8 | DEXKO (EUR) TL B E+400 10/4/2028 | ▲ 0.45% | 98.97 | 98.53 | 9 |
| 9 | HERENS HOLDCO SARL (EUR) TL B E+400 4/30/2028 | ▲ 0.36% | 89.28 | 88.96 | 13 |
| 10 | CORIALIS (EUR) TL B E+350 7/7/2031 | ▲ 0.33% | 100.47 | 100.14 | 10 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 2/20/26-2/27/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | HERTZ CORP (USD) TL B S+375 6/30/2028 | ▼ 19.47% | 76.51 | 95.01 | 8 |
| 2 | MAGENTA BUYER LLC (USD) 3RD OUT TL S+625 7/27/2028 | ▼ 15.03% | 20.80 | 24.49 | 9 |
| 3 | LBM ACQUISITION LLC (USD) TL B S+375 5/29/2031 | ▼ 13.23% | 82.98 | 95.63 | 17 |
| 4 | INTERNET BRANDS (USD) TL B4 S+425 12/11/2031 | ▼ 7.99% | 68.67 | 74.64 | 12 |
| 5 | RENAISSANCE LEARNING (USD) TL B S+400 4/7/2030 | ▼ 7.49% | 75.08 | 81.15 | 16 |
| 6 | CENTRAL PARENT LLC (USD) TL B S+325 7/6/2029 | ▼ 7.19% | 63.00 | 67.88 | 15 |
| 7 | SOFTWARE AG (EUR) DD TL E+400 10/17/2030 | ▼ 6.79% | 87.05 | 93.39 | 10 |
| 8 | SOLERA (USD) TL B L+400 6/2/2028 | ▼ 6.43% | 84.98 | 90.82 | 16 |
| 9 | WILSONART LLC (USD) TL B S+375 7/24/2031 | ▼ 6.07% | 91.02 | 96.90 | 12 |
| 10 | GENUINE FINANCIAL (USD) TL B S+325 9/21/2030 | ▼ 5.34% | 83.55 | 88.27 | 9 |
Avg Bid Price by Sector
Displays the average loan bid price by sector between 2/20/26-2/27/26. 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 2/20/26-2/27/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 2/20/26 vs. the week ending 2/27/26
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | EMRLD BORROWER LP (USD) TL B S+225 5/31/2030 | 62 | 111 | 49 | ▲ 79% |
| 2 | EMRLD BORROWER LP (USD) TL B2 S+225 8/2/2031 | 58 | 97 | 39 | ▲ 67% |
| 3 | NORD ANGLIA (USD) TL B S+225 1/9/2032 | 0 | 36 | 36 | ▲ NA |
| 4 | MAVIS TIRE EXPRESS SERVS TOPCO CORP (USD) TL B S+300 5/4/2028 | 68 | 103 | 35 | ▲ 51% |
| 5 | WHATABURGER (USD) TL B S+250 8/3/2028 | 60 | 94 | 34 | ▲ 57% |
| 6 | HOUGHTON MIFFLIN (USD) TL B S+525 4/9/2029 | 24 | 58 | 34 | ▲ 142% |
| 7 | FERTITTA ENTERTAINMENT LLC (USD) TL B S+325 1/27/2029 | 70 | 103 | 33 | ▲ 47% |
| 8 | MADISON IAQ LLC (USD) TL S+275 11/8/2032 | 63 | 96 | 33 | ▲ 52% |
| 9 | HAMILTON PROJECTS ACQUIROR LLC (USD) TL B S+250 5/30/2031 | 20 | 52 | 32 | ▲ 160% |
| 10 | SYNEOS HEALTH INC (USD) TL B S+400 9/20/2030 | 40 | 72 | 32 | ▲ 80% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 2/20/26-2/27/26
| Rank | Tranche | Dealers |
| 1 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 21 |
| 2 | CD&R FIREFLY BIDCO PLC (EUR) TL B E+325 4/29/2029 | 20 |
| 3 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 19 |
| 4 | UKG INC (USD) TL S+250 2/9/2031 | 19 |
| 5 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 19 |
| 6 | MICHAELS STORES (USD) TL L+425 4/15/2028 | 19 |
| 7 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 19 |
| 8 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 18 |
| 9 | MAVIS TIRE EXPRESS SERVS TOPCO CORP (USD) TL B S+300 5/4/2028 | 18 |
| 10 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 2/20/26-2/27/26
Sector Bid-Offer Spread
Results are based on select industry sectors, however, we offer data across 36 sectors
Related Resources
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