Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
Loans issued during the week ending 7/17/26
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Varsity Brands Inc. | 2,750 | Term Loan | 8/26/2031 | S+275 |
| TK Elevator Midco Gmbh | 1,406 | Term Loan | 4/16/2032 | S+625 |
| Directv Financing LLC | 1,124 | Term Loan | 8/2/2029 | S+450 |
| Armorica Lux SAR.L. | 510 | Term Loan | 7/28/2031 | E+500 |
| Carrix Inc. | 500 | Term Loan | 7/19/2022 | – |
Forward calendar during the week ending 7/17/26
| Issuer | Description | Banks | Expected Issue Date |
| Four Seasons Hotels | $820.5M TLB | MS | Q3 2026 |
| Treehouse Foods Inc. | $1B TLB | RBC | Q3 2026 |
| Varsity Brands Inc. | 2.75B TLB | BofA, KKR | Q3 2026 |
| Amneal Pharmaceuticals LLC | 2.43B TLB | JPM | Q3 2026 |
| DwyerOmega | 2.35B TL | BCLY | Q3 2026 |
| Syneos | 2.280B TLB | GS | Q3 2026 |
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 7/10/26-7/17/26
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 7250 | HOLOGIC INC (USD) TL S+225 4/7/2033 | 0.00 | 98.57 | 98.67276107 | 14 |
| 2 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.00 | 95.86 | 95.87291946 | 18 |
| 3 | 6125 | ELECTRONIC ARTS INC (USD) TL B S+350 3/5/2033 | 0.00 | 100.54 | 100.5021324 | 11 |
| 4 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00 | 99.37 | 99.32845107 | 13 |
| 5 | 5572.36 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 0.00 | 100.04 | 100.0054985 | 18 |
| 6 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | -0.01 | 92.61 | 93.4651157 | 23 |
| 7 | 5246.85 | MCAFEE CORP (USD) TL B S+300 3/1/2029 | 0.00 | 90.24 | 90.11034237 | 11 |
| 8 | 5080.5 | CULLIGAN (USD) TL B S+275 7/31/2028 | 0.00 | 99.98 | 99.9207048 | 17 |
| 9 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00 | 100.25 | 100.2307306 | 18 |
| 10 | 4741 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | 0.00 | 97.33 | 97.24235853 | 12 |
| 11 | 4700 | CITADEL SECS GLOBAL HLDGS LLC (USD) TL B S+200 10/5/2033 | 0.00 | 99.92 | 99.86408118 | 12 |
| 12 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.00 | 98.51 | 98.24328879 | 12 |
| 13 | 4588.655 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 0.00 | 99.13 | 99.01299077 | 18 |
| 14 | 4510.57 | RADIATE HOLDCO LLC (USD) 1ST OUT TL S+500 9/25/2029 | 0.00 | 89.72 | 89.8287257 | 10 |
| 15 | 4310 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | -0.01 | 90.44 | 91.71998705 | 18 |
| 16 | 4246 | BROADSTREET PARTNERS INC (USD) TL B S+250 6/16/2031 | 0.00 | 98.22 | 98.17559329 | 16 |
| 17 | 4204 | JANE STREET GRP/JSG FIN (USD) TL B S+200 12/10/2031 | 0.00 | 99.53 | 99.38488352 | 16 |
| 18 | 4184.41 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 0.00 | 99.88 | 99.8980962 | 14 |
| 19 | 4125 | CULLIGAN (USD) TL B S+250 7/1/2033 | 0.00 | 100.13 | 99.99545774 | 15 |
| 20 | 4084 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00 | 100.16 | 100.1017069 | 13 |
| AVERAGE | 5005.28775 | -0.000652828 | 97.52175051 | 100.1554735 | 14.95 |
Showcases the top 10 loan performers based on the largest bid price increases between 7/10/26-7/17/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | ION PLATFORM (USD) TL B S+400 9/30/2032 | ▲ 5.33% | 78.88 | 74.88 | 13 |
| 2 | QLIK TECHNOLOGIES (USD) TL B S+325 10/26/2030 | ▲ 4.09% | 77.00 | 73.98 | 14 |
| 3 | ACRISURE LLC (USD) TL B6 S+300 11/6/2030 | ▲ 3.21% | 92.93 | 90.04 | 8 |
| 4 | SPECIALTY BLDG PRODUCTS HLDGS LLC (USD) TL B L+375 10/15/2028 | ▲ 2.81% | 92.88 | 90.34 | 12 |
| 5 | HYPERION (USD) TL B S+275 2/15/2031 | ▲ 2.60% | 97.00 | 94.54 | 13 |
| 6 | CLOUDERA (USD) 2L TL L+600 10/8/2029 | ▲ 2.50% | 71.88 | 70.13 | 11 |
| 7 | INEOS FIN PLC (USD) TL B S+325 2/5/2030 | ▲ 2.27% | 94.83 | 92.72 | 11 |
| 8 | SYNCSORT (USD) TL L+400 4/24/2028 | ▲ 2.11% | 78.81 | 77.18 | 7 |
| 9 | COX COMMS INC (USD) TL B S+350 6/18/2029 | ▲ 1.70% | 92.58 | 91.03 | 14 |
| 10 | ORBITER GROUP (EUR) TL B E+400 10/18/2028 | ▲ 1.66% | 86.12 | 84.71 | 17 |
Showcases the bottom 10 loan performers based on the largest bid price decreases between 7/10/26-7/17/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | HERTZ CORP (USD) TL B S+375 6/30/2028 | ▼ -18.06% | 55.52 | 67.75 | 11 |
| 2 | CAST & CREW (USD) TL B S+375 12/30/2028 | ▼ -14.04% | 29.41 | 34.21 | 7 |
| 3 | HOUGHTON MIFFLIN (USD) TL B S+525 4/9/2029 | ▼ -3.91% | 73.52 | 76.51 | 9 |
| 4 | JETBLUE AIRWAYS CORP (USD) TL B S+475 8/27/2029 | ▼ -3.49% | 86.54 | 89.67 | 8 |
| 5 | COGECO COMMS INC (USD) TL B1 S+325 9/15/2030 | ▼ -2.61% | 86.98 | 89.31 | 7 |
| 6 | CONNECT HLDG II LLC (USD) PIK 2ND OUT TL S+575 10/31/2031 | ▼ -2.29% | 69.89 | 71.53 | 12 |
| 7 | VMED O2 (UK) FNCG I PLC (EUR) TL B E+325 1/31/2033 | ▼ -2.10% | 88.59 | 90.49 | 11 |
| 8 | RENAISSANCE LEARNING (USD) TL B S+400 4/7/2030 | ▼ -1.89% | 77.26 | 78.76 | 15 |
| 9 | DELL SOFTWARE GROUP (USD) 2ND OUT TL S+425 2/1/2029 | ▼ -1.80% | 59.67 | 60.76 | 10 |
| 10 | ACPRODUCTS HLDGS INC (USD) 2ND OUT TL S+550 11/14/2031 | ▼ -1.50% | 86.83 | 88.15 | 14 |
Displays the average loan bid price by sector between 7/10/26-7/17/26. Results are based on select industry sectors, however, we offer data across 36 sectors

Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 7/10/26-7/17/26

Exhibits the loans with the largest increase in quote volume for the week ending 7/10/26 vs. the week ending 7/17/26
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | GENTIVA HEALTH (USD) TL B S+450 6/17/2031 | 30 | 68 | 38 | 127% |
| 2 | CORNERSTONE BLDG BRANDS INC (USD) TL S+325 4/12/2028 | 2 | 26 | 24 | 1200% |
| 3 | TECHEM VERWALTUNGSGESELLSCHAFT 675 MBH (EUR) TL B E+275 7/1/2032 | 32 | 54 | 22 | 69% |
| 4 | MEDICAL SOLUTIONS (USD) 1ST OUT TL A2 S+525 11/1/2030 | 2 | 20 | 18 | 900% |
| 5 | TECTUM HOLDINGS INC (USD) 1ST OUT TL S+575 1/31/2031 | 8 | 26 | 18 | 225% |
| 6 | BLACKHAWK NETWORK (USD) TL B S+350 3/12/2029 | 42 | 60 | 18 | 43% |
| 7 | CINEWORLD (USD) TL B S+450 12/2/2031 | 58 | 76 | 18 | 31% |
| 8 | NOMAD FOODS (EUR) TL B E+250 11/28/2032 | 14 | 32 | 18 | 129% |
| 9 | AMERICAN TRAILER WORLD (USD) TL L+375 3/3/2028 | 34 | 51 | 17 | 50% |
| 10 | PRO MACH (USD) TL B S+250 10/15/2032 | 0 | 17 | 17 | NA |
Ranks the loans that were quoted by the highest number of dealers between 7/10/26-7/17/26
| Rank | Tranche | Dealers |
| 1 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 23 |
| 2 | ROCKET SOFTWARE INC (USD) TL B S+375 11/28/2028 | 20 |
| 3 | WHATABURGER (USD) TL B S+250 8/3/2028 | 18 |
| 4 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 18 |
| 5 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 18 |
| 6 | UKG INC (USD) TL S+250 2/9/2031 | 18 |
| 7 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 18 |
| 8 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 18 |
| 9 | MITER BRANDS (USD) TL B S+275 3/28/2031 | 18 |
| 10 | TRANSDIGM INC (USD) TL L S+250 1/3/2032 | 17 |
Reveals the total number of quotes by bid and offer between 7/10/26-7/17/26

Results are based on select industry sectors, however, we offer data across 36 sectors

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