Syndicated Bank Loan Market Summary – Week Ending 3/13/26
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 3/13/26
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| LRQA Group Ltd | 500 | Term Loan | 12/10/2032 | S+375 |
| TransUnion LLC | 1300 | Term Loan | 6/25/2029 | S+200 |
| Western Dental Services Inc. | 30 | Term Loan | 6/3/2026 | S+1000 |
| Vibrantz Technologies | 1410 | Term Loan | 4/30/2030 | S+425 |
Forward Calendar
Forward calendar during the week ending 3/13/26
| Issuer | Banks | Expected Issue Date |
| Delivery Hero SE | JPM, GS, ING, MS | Q1 2026 |
| Pelican Pipeline LLC | MS, MUFG, MIZ | Q1 2026 |
| VSE Corp. | RBC, CITZ, M&T | Q1 2026 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 3/6/26-3/13/26
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 7250 | HOLOGIC INC (USD) TL S+225 1/14/2033 | 0.00 | 99.21 | 99.21 | 11 |
| 2 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.01 | 96.29 | 95.69 | 16 |
| 3 | 6145.2 | MAGNOLIA (USD) TL L+375 2/1/2028 | 0.02 | 86.46 | 84.79 | 13 |
| 4 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00 | 98.29 | 97.82 | 10 |
| 5 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 0.01 | 93.80 | 92.53 | 23 |
| 6 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00 | 100.08 | 100.11 | 17 |
| 7 | 4741 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | 0.05 | 84.92 | 81.17 | 15 |
| 8 | 4588.66 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 0.00 | 99.50 | 99.42 | 17 |
| 9 | 4510.57 | RADIATE HOLDCO LLC (USD) 1ST OUT TL S+500 9/25/2029 | 0.02 | 87.53 | 86.14 | 11 |
| 10 | 4395 | ENSEMBLE HEALTH (USD) TL B S+300 1/28/2033 | 0.01 | 98.57 | 97.97 | 12 |
| 11 | 4300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00 | 99.77 | 99.77 | 14 |
| 12 | 4230 | TK ELEVATOR HOLDCO GMBH (USD) TL B S+325 4/11/2030 | 0.00 | 100.00 | 99.88 | 14 |
| 13 | 4204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.01 | 98.16 | 97.54 | 15 |
| 14 | 4084 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00 | 99.90 | 99.80 | 13 |
| 15 | 4073.83 | MEDLINE BORROWER LP (USD) TL B S+200 10/23/2028 | 0.00 | 100.14 | 100.20 | 10 |
| 16 | 4001 | CITADEL SECS GLOBAL HLDGS LLC (USD) TL B S+200 10/28/2031 | 0.00 | 100.04 | 99.99 | 13 |
| 17 | 3935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00 | 99.57 | 99.49 | 12 |
| 18 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 0.01 | 99.47 | 98.81 | 17 |
| 19 | 3736.25 | UFC (USD) TL B5 S+200 11/21/2031 | 0.00 | 100.07 | 99.90 | 14 |
| 20 | 3640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.00 | 100.16 | 99.99 | 16 |
| Average | 4706.89 | 0.01 | 97.10 | 100.02 | 14.15 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 3/6/26-3/13/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | CONAIR HLDGS LLC (USD) TL L+375 5/17/2028 | ▲ 13.20% | 66.83 | 59.04 | 9 |
| 2 | MAGENTA BUYER LLC (USD) TL S+675 7/27/2028 | ▲ 11.76% | 67.79 | 60.66 | 9 |
| 3 | SOFTWARE AG (EUR) DD TL E+400 10/17/2030 | ▲ 6.70% | 91.89 | 86.12 | 10 |
| 4 | ALTICE (FR) SA (USD) TL B5 S+250 4/15/2027 | ▲ 6.10% | 93.49 | 88.12 | 12 |
| 5 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | ▲ 4.62% | 84.92 | 81.17 | 15 |
| 6 | TEAM.BLUE (EUR) TL B E+350 9/30/2029 | ▲ 4.28% | 94.21 | 90.35 | 9 |
| 7 | CENTRAL PARENT LLC (USD) TL B S+325 7/6/2029 | ▲ 3.99% | 69.42 | 66.75 | 16 |
| 8 | FOGO DE CHAO (USD) TL B S+475 9/20/2030 | ▲ 3.61% | 95.00 | 91.69 | 9 |
| 9 | INEOS FIN PLC (USD) TL B S+325 2/5/2030 | ▲ 3.47% | 83.81 | 81.00 | 10 |
| 10 | OREGON TOOL LUX LP (USD) 2L TL B S+400 10/15/2029 | ▲ 3.32% | 68.12 | 65.94 | 10 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 3/6/26-3/13/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | NEWFOLD DIGITAL INC (USD) 1ST OUT TL S+360 4/30/2029 | ▼ 9.60% | 66.42 | 73.48 | 4 |
| 2 | CORNERSTONE BLDG BRANDS INC (USD) TL S+325 4/12/2028 | ▼ 8.70% | 65.76 | 72.03 | 16 |
| 3 | HUWS GRAY (EUR) DD TL B E+400 11/1/2028 | ▼ 8.60% | 75.74 | 82.87 | 14 |
| 4 | GOODRX (USD) TL B S+375 6/27/2029 | ▼ 7.73% | 89.11 | 96.58 | 6 |
| 5 | STARK GROUP (EUR) TL B E+500 5/4/2028 | ▼ 5.69% | 81.77 | 86.71 | 12 |
| 6 | DYNAMO NEWCO II GMBH (EUR) TL E+325 10/1/2031 | ▼ 5.18% | 93.52 | 98.63 | 7 |
| 7 | PERFORCE (USD) TL B S+475 7/1/2029 | ▼ 5.03% | 69.11 | 72.77 | 11 |
| 8 | RENAISSANCE LEARNING (USD) TL B S+400 4/7/2030 | ▼ 4.14% | 71.15 | 74.22 | 16 |
| 9 | AD EDUCATION (EUR) TL B E+400 10/22/2031 | ▼ 4.09% | 66.92 | 69.78 | 14 |
| 10 | CRH EUROPE (EUR) TL B E+475 12/28/2029 | ▼ 3.94% | 79.04 | 82.28 | 16 |
Avg Bid Price by Sector
Displays the average loan bid price by sector between 3/6/26-3/13/26. 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 3/6/26-3/13/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 3/6/26 vs. the week ending 3/13/26
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | WCG CLINICAL INC [EX- WIRB-COPERNICUS GROUP INC] (USD) TL B S+275 2/25/2032 | 0 | 40 | 40 | NA |
| 2 | MAGIC MERGECO INC (USD) TL B S+500 2/19/2033 | 21 | 60 | 39 | ▲ 186% |
| 3 | ROPER INDS INC NEW (USD) TL S+250 11/22/2029 | 20 | 58 | 38 | ▲ 190% |
| 4 | ASSETMARK FINANCIAL HOLDINGS INC (USD) TL S+250 9/5/2031 | 30 | 65 | 35 | ▲ 117% |
| 5 | GOGO/AIRCELL (USD) TL B L+375 4/30/2028 | 16 | 41 | 25 | ▲ 156% |
| 6 | HILTON DOMESTIC OPERATING CO INC (USD) TL B4 S+175 11/8/2030 | 58 | 83 | 25 | ▲ 43% |
| 7 | DAVITA INC (USD) TL B1 S+175 5/9/2031 | 22 | 46 | 24 | ▲ 109% |
| 8 | SURGERY CENTER HLDGS INC (USD) TL B S+250 12/19/2030 | 78 | 100 | 22 | ▲ 28% |
| 9 | ZAYO (USD) TL S+350 3/11/2030 | 60 | 82 | 22 | ▲ 37% |
| 10 | BRIGHTSPEED TL | 50 | 72 | 22 | ▲ 44% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 3/6/26-3/13/26
| Rank | Tranche | Dealers |
| 1 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 23 |
| 2 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 19 |
| 3 | CD&R FIREFLY BIDCO PLC (EUR) TL B E+325 4/29/2029 | 19 |
| 4 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 18 |
| 5 | TECTUM HOLDINGS INC (USD) TL B S+500 1/31/2028 | 18 |
| 6 | TRANSDIGM INC (USD) TL L S+250 1/3/2032 | 18 |
| 7 | MAVIS TIRE EXPRESS SERVS TOPCO CORP (USD) TL B S+300 5/4/2028 | 18 |
| 8 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 18 |
| 9 | EMRLD BORROWER LP (USD) TL B S+225 5/31/2030 | 18 |
| 10 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 3/6/26-3/13/26
Sector Bid-Offer Spread
Results are based on select industry sectors, however, we offer data across 36 sectors
Related Resources
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