Syndicated Bank Loan Market Summary – Week Ending 7/31/26
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 7/31/26
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Urbaser SA | 1,500 | Term Loan | 7/1/2032 | E+275 |
| HMN Acquirer Corp | 136 | Term Loan | 11/5/2031 | S+375 |
| Yellowstone Buyer Acquisition LLC | 148 | Term Loan | 11/14/2028 | – |
| Cotiviti Corp. | 600 | Revolving Credit | 5/1/2029 | S+325 |
Forward Calendar
Forward calendar during the week ending 7/31/26
| Issuer | Description | Banks | Expected Issue Date |
| Arcis Golf LLC | $865MM TLB | DB, JPM, WF | Q3 2026 |
| Paysafe LTD | $814MM TLB | JPM | Q3 2026 |
| System One | $550MM TLB | TRS | Q3 2026 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 7/24/26-7/31/26
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 7250 | HOLOGIC INC (USD) TL S+225 4/7/2033 | 0.00 | 98.34 | 98.39951817 | 14 |
| 2 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.00 | 95.83 | 96.01984668 | 18 |
| 3 | 6125 | ELECTRONIC ARTS INC (USD) TL B S+350 3/5/2033 | 0.00 | 100.55 | 100.5131161 | 12 |
| 4 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00 | 99.30 | 99.29556881 | 13 |
| 5 | 5572.36 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 0.00 | 100.03 | 100.0455908 | 19 |
| 6 | 5500 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 0.00 | 92.95 | 92.72839592 | 24 |
| 7 | 5246.85 | MCAFEE CORP (USD) TL B S+300 3/1/2029 | 0.00 | 90.28 | 90.1049645 | 10 |
| 8 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00 | 100.25 | 100.2539883 | 18 |
| 9 | 4741 | INTERNET BRANDS (USD) TL B3 S+425 4/20/2028 | -0.01 | 96.87 | 97.45945474 | 12 |
| 10 | 4700 | CITADEL SECS GLOBAL HLDGS LLC (USD) TL B S+200 10/5/2033 | 0.00 | 99.88 | 99.86581577 | 14 |
| 11 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.01 | 99.15 | 98.5 | 12 |
| 12 | 4588.655 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 0.00 | 99.09 | 99.11117026 | 18 |
| 13 | 4310 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 0.00 | 90.88 | 90.66467131 | 17 |
| 14 | 4246 | BROADSTREET PARTNERS INC (USD) TL B S+250 6/16/2031 | 0.00 | 98.32 | 98.27007869 | 16 |
| 15 | 4230 | TK ELEVATOR HOLDCO GMBH (USD) TL B S+325 4/11/2030 | 0.00 | 100.36 | 100.375 | 10 |
| 16 | 4204 | JANE STREET GRP/JSG FIN (USD) TL B S+200 12/10/2031 | 0.00 | 99.60 | 99.56247362 | 16 |
| 17 | 4184.41 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 0.00 | 99.79 | 99.85049495 | 16 |
| 18 | 4125 | CULLIGAN (USD) TL B S+250 7/1/2033 | 0.00 | 100.00 | 100.0227284 | 18 |
| 19 | 4084 | INSPIRE BRANDS (USD) TL S+250 12/15/2030 | 0.00 | 100.17 | 100.1458363 | 13 |
| 20 | 4072 | PAREXEL INTERNATIONAL (USD) TL S+300 12/9/2031 | 0.00 | 100.18 | 100.125 | 10 |
| AVERAGE | 4940.83425 | 0.000270115 | 98.09049367 | 100.0725559 | 15 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 7/24/26-7/31/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | IDERA PHARMACEUTICALS INC (USD) TL B S+350 6/28/2028 | ▲ 6.22% | 86.37 | 81.32 | 14 |
| 2 | JETBLUE AIRWAYS CORP (USD) TL B S+475 8/27/2029 | ▲ 1.90% | 86.58 | 84.96 | 9 |
| 3 | CRASH CHAMPIONS LLC (USD) TL B S+475 2/6/2029 | ▲ 1.81% | 97.04 | 95.32 | 12 |
| 4 | CORELOGIC INC (USD) TL B S+425 7/16/2031 | ▲ 1.17% | 95.93 | 94.82 | 3 |
| 5 | FINASTRA (USA) INC (USD) TL B S+400 9/15/2032 | ▲ 1.13% | 95.86 | 94.78 | 12 |
| 6 | CVENT (USD) TL B S+275 6/15/2030 | ▲ 0.73% | 96.93 | 96.23 | 9 |
| 7 | PELICAN PRODUCTS (USD) TL B S+275 3/18/2033 | ▲ 0.53% | 97.08 | 96.57 | 6 |
| 8 | CLOUDERA (USD) TL B L+375 10/8/2028 | ▲ 0.50% | 88.44 | 88.00 | 12 |
| 9 | TRAEGER (USD) TL L+350 6/29/2028 | ▲ 0.43% | 94.65 | 94.24 | 12 |
| 10 | KOFAX (USD) TL S+525 7/20/2029 | ▲ 0.43% | 60.25 | 59.99 | 9 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 7/24/26-7/31/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | HERTZ CORP (USD) EXIT TL B L+350 6/30/2028 | ▼ -8.51% | 55.22 | 60.36 | 11 |
| 2 | COGECO COMMS INC (USD) TL B1 S+325 9/15/2030 | ▼ -7.58% | 79.84 | 86.39 | 7 |
| 3 | AMERICAN TRAILER WORLD (USD) TL L+375 3/3/2028 | ▼ -5.34% | 61.31 | 64.77 | 13 |
| 4 | SOLARWINDS (USD) TL S+400 4/16/2032 | ▼ -4.24% | 77.39 | 80.82 | 4 |
| 5 | INEOS FIN PLC (USD) TL B S+500 6/18/2032 | ▼ -3.35% | 92.43 | 95.63 | 10 |
| 6 | VMED O2 (UK) FNCG I PLC (USD) TL Q S+325 1/31/2029 | ▼ -3.25% | 89.99 | 93.02 | 12 |
| 7 | CONNECT HLDG II LLC (USD) PIK 2ND OUT TL S+575 10/31/2031 | ▼ -3.16% | 67.12 | 69.31 | 11 |
| 8 | LIBERTY LATIN AMERICA (USD) TL B L+375 10/16/2028 | ▼ -2.73% | 57.06 | 58.67 | 10 |
| 9 | ORBITER GROUP (EUR) TL B E+400 10/18/2028 | ▼ -2.59% | 83.84 | 86.07 | 15 |
| 10 | CRH EUROPE (EUR) TL B E+475 12/28/2029 | ▼ -2.54% | 81.37 | 83.49 | 15 |
Avg Bid Price by Sector
Displays the average loan bid price by sector between 7/24/26-7/31/26. 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 7/24/26-7/31/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 7/24/26 vs. the week ending 7/31/26
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | TECTA AMERICA (USD) TL B S+250 2/18/2032 | 8 | 38 | 30 | 375% |
| 2 | FOCUS FNCL PARTNERS LLC (USD) TL C S+250 9/15/2031 | 54 | 73 | 19 | 35% |
| 3 | R1 RCM INC (USD) TL B S+325 10/15/2031 | 50 | 68 | 18 | 36% |
| 4 | PRO MACH (USD) TL B S+250 10/16/2032 | 42 | 60 | 18 | 43% |
| 5 | STEPSTONE (EUR) TL E+450 4/26/2032 | 18 | 34 | 16 | 89% |
| 6 | REALPAGE INC (USD) TL B S+375 4/24/2028 | 84 | 98 | 14 | 17% |
| 7 | JETBLUE AIRWAYS CORP (USD) TL B S+475 8/27/2029 | 40 | 54 | 14 | 35% |
| 8 | EVERI HLDGS INC (USD) TL B S+425 7/1/2032 | 54 | 68 | 14 | 26% |
| 9 | DELL SOFTWARE GROUP (USD) 3RD OUT TL S+425 2/1/2029 | 24 | 38 | 14 | 58% |
| 10 | QUALITYTECH (USD) TL B S+225 7/15/2033 | 6 | 20 | 14 | 233% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 7/24/26-7/31/26
| Rank | Tranche | Dealers |
| 1 | DAYFORCE INC (USD) TL B S+300 10/7/2032 | 24 |
| 2 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 19 |
| 3 | CULLIGAN (USD) TL B S+250 7/1/2033 | 18 |
| 4 | WHATABURGER (USD) TL B S+250 8/3/2028 | 18 |
| 5 | UKG INC (USD) TL S+250 2/9/2031 | 18 |
| 6 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 18 |
| 7 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 18 |
| 8 | ROCKET SOFTWARE INC (USD) TL B S+375 11/28/2028 | 18 |
| 9 | TRANSDIGM INC (USD) TL L S+250 1/3/2032 | 17 |
| 10 | FRONERI (USD) TL B4 S+200 9/16/2031 | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 7/24/26-7/31/26
Sector Bid-Offer Spread
Results are based on select industry sectors, however, we offer data across 36 sectors
Related Resources
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