Syndicated Bank Loan Market Summary – Week Ending 3/20/26
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 3/20/26
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| RSC Acquisition Inc. | 700 | Delayed-draw Term Loan | 10/30/2026 | S+600 |
| Vivid Seats LLC | 390 | Revolving Credit | 2/1/2029 | S+225 |
| Primo Brands Corp. | 3090 | Term Loan | 3/16/2031 | S+300 |
| Electronic Arts Inc. | 1750 | Term Loan | 3/16/2033 | S+350 |
Forward Calendar
Forward calendar during the week ending 3/20/26
| Issuer | Banks | Expected Issue Date |
| Arcwood Environmental Inc. | JPM | Q1 2026 |
| Sealed Air Corp. | JPM, BNP, BofA | Q1 2026 |
| Mativ Holdings Inc. | JPM | Q1 2026 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 3/13/26-3/20/26
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 7250 | HOLOGIC INC (USD) TL S+225 1/14/2033 | 0.00 | 98.81 | 99.21 | 11 |
| 2 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | -0.01 | 95.80 | 96.29 | 16 |
| 3 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00 | 98.16 | 98.29 | 10 |
| 4 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 0.00 | 94.05 | 93.80 | 24 |
| 5 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00 | 100.02 | 100.08 | 17 |
| 6 | 4741 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | -0.01 | 84.15 | 84.92 | 15 |
| 7 | 4588.66 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 0.00 | 99.44 | 99.50 | 17 |
| 8 | 4510.57 | RADIATE HOLDCO LLC (USD) 1ST OUT TL S+500 9/25/2029 | 0.00 | 87.66 | 87.53 | 10 |
| 9 | 4395 | ENSEMBLE HEALTH (USD) TL B S+300 1/28/2033 | 0.00 | 98.76 | 98.57 | 11 |
| 10 | 4300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | 0.00 | 99.77 | 99.77 | 14 |
| 11 | 4230 | TK ELEVATOR HOLDCO GMBH (USD) TL B S+325 4/11/2030 | 0.00 | 100.23 | 100.00 | 14 |
| 12 | 4204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.00 | 98.03 | 98.16 | 16 |
| 13 | 4084 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00 | 99.80 | 99.90 | 13 |
| 14 | 4073.83 | MEDLINE BORROWER LP (USD) TL B S+200 10/23/2028 | 0.00 | 100.11 | 100.14 | 10 |
| 15 | 4001 | CITADEL SECS GLOBAL HLDGS LLC (USD) TL B S+200 10/28/2031 | 0.00 | 100.08 | 100.04 | 13 |
| 16 | 3935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.00 | 99.61 | 99.57 | 12 |
| 17 | 3830.35 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 0.00 | 99.41 | 99.47 | 17 |
| 18 | 3736.25 | UFC (USD) TL B5 S+200 11/21/2031 | 0.00 | 100.05 | 100.07 | 14 |
| 19 | 3640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.00 | 100.14 | 100.16 | 16 |
| 20 | 3600 | GLOBAL MEDICAL RESPONSE INC (USD) TL S+350 9/10/2032 | 0.00 | 99.87 | 100.03 | 14 |
| Average | 4579.63 | 0.00 | 97.70 | 69.42 | 14.20 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 3/13/26-3/20/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | NEW FORTRESS ENERGY INC (USD) TL B S+550 10/30/2028 | ▲ 16.26% | 57.90 | 49.80 | 8 |
| 2 | TEMPO ACQUISITION (USD) TL B S+200 8/31/2028 | ▲ 13.93% | 73.16 | 64.22 | 9 |
| 3 | PRE-PAID LEGAL SERVICES (USD) TL B S+325 12/15/2028 | ▲ 6.41% | 84.71 | 79.60 | 10 |
| 4 | BRIGHTSPEED (USD) TL B S+500 10/30/2029 | ▲ 5.73% | 77.40 | 73.21 | 7 |
| 5 | SOFTWARE AG (EUR) DD TL E+400 10/17/2030 | ▲ 3.33% | 94.95 | 91.89 | 9 |
| 6 | CONSTANT CONTACT (USD) TL B L+400 2/10/2028 | ▲ 3.16% | 92.59 | 89.75 | 12 |
| 7 | KASEYA (USD) TL B S+350 3/5/2032 | ▲ 1.94% | 94.13 | 92.34 | 12 |
| 8 | GROUP.ONE (EUR) TL B E+325 3/24/2031 | ▲ 1.82% | 92.83 | 91.17 | 10 |
| 9 | SOVOS COMPLIANCE (USD) TL S+325 8/13/2029 | ▲ 1.62% | 93.42 | 91.93 | 12 |
| 10 | INEOS FIN PLC (USD) TL B S+325 2/5/2030 | ▲ 1.51% | 85.07 | 83.81 | 9 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 3/13/26-3/20/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | QLIK TECHNOLOGIES (USD) 2L TL S+500 11/21/2033 | ▼ 6.93% | 57.79 | 62.09 | 6 |
| 2 | JELD-WEN (USD) TL B S+200 7/28/2028 | ▼ 5.21% | 78.32 | 82.63 | 9 |
| 3 | SAPEC AGRO SA (EUR) TL B E+500 9/13/2030 | ▼ 4.98% | 85.00 | 89.45 | 12 |
| 4 | INTERNET BRANDS (USD) TL B4 S+425 12/11/2031 | ▼ 4.06% | 66.38 | 69.19 | 13 |
| 5 | ROOMPOT (EUR) TL B E+400 8/17/2029 | ▼ 3.85% | 91.37 | 95.02 | 9 |
| 6 | PERRIGO FIN UNLTD CO (USD) TL B S+200 4/6/2029 | ▼ 3.34% | 94.60 | 97.86 | 5 |
| 7 | DAVE & BUSTER’S (USD) TL B S+325 9/26/2031 | ▼ 2.98% | 86.56 | 89.22 | 14 |
| 8 | WILSONART LLC (USD) TL B S+375 7/24/2031 | ▼ 2.42% | 88.01 | 90.20 | 12 |
| 9 | CRASH CHAMPIONS LLC (USD) TL B S+475 2/6/2029 | ▼ 2.15% | 86.44 | 88.33 | 14 |
| 10 | MAGNERA CORP TL B | ▼ 2.03% | 97.62 | 99.64 | 6 |
Avg Bid Price by Sector
Displays the average loan bid price by sector between 3/13/26-3/20/26. 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 3/13/26-3/20/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 3/13/26 vs. the week ending 3/20/26
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | AMERICAN AIRLINES INC (USD) TL B S+275 5/28/2032 | 44 | 64 | 20 | ▲ 45% |
| 2 | SOLERA (USD) TL B S+400 6/2/2028 | 78 | 96 | 18 | ▲ 23% |
| 3 | ACCUVANT (USD) TL S+525 7/31/2026 | 26 | 42 | 16 | ▲ 62% |
| 4 | BROADCOM INC (USD) TL S+425 4/17/2031 | 30 | 46 | 16 | ▲ 53% |
| 5 | TRONOX INC (USD) TL B S+250 4/4/2029 | 40 | 56 | 16 | ▲ 40% |
| 6 | EASTMAN TIRE ADDITIVES (USD) 1ST OUT TL S+625 8/1/2029 | 0 | 16 | 16 | NA |
| 7 | IMPALA (EUR) TL B E+350 3/25/2031 | 20 | 36 | 16 | ▲ 80% |
| 8 | CLEAR CHANNEL OUTDOOR HLDGS INC (USD) TL B S+400 8/21/2028 | 18 | 33 | 15 | ▲ 83% |
| 9 | TRANSMONTAIGNE PARTNERS LLC (USD) TL B S+225 3/16/2030 | 25 | 40 | 15 | ▲ 60% |
| 10 | CREATIVE PLANNING LLC (USD) TL B S+200 5/10/2031 | 52 | 66 | 14 | ▲ 27% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 3/13/26-3/20/26
| Rank | Tranche | Dealers |
| 1 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 24 |
| 2 | CORNERSTONE BLDG BRANDS INC (USD) TL S+325 4/12/2028 | 19 |
| 3 | OSCAR ACQUISITIONCO LLC (USD) TL B S+425 4/29/2029 | 18 |
| 4 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 18 |
| 5 | MAVIS TIRE EXPRESS SERVS TOPCO CORP (USD) TL B S+300 5/4/2028 | 18 |
| 6 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 18 |
| 7 | EMRLD BORROWER LP (USD) TL B S+225 5/31/2030 | 18 |
| 8 | ALLIANT HLDGS INTERMEDIATE LLC (USD) TL B S+250 9/19/2031 | 18 |
| 9 | CD&R FIREFLY BIDCO PLC (EUR) TL B E+325 4/29/2029 | 18 |
| 10 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 3/13/26-3/20/26
Sector Bid-Offer Spread
Results are based on select industry sectors, however, we offer data across 36 sectors
Related Resources
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