Syndicated Bank Loan Market Summary – Week Ending 9/25/26
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 9/25/26
| Issuer | Amount (MM) | Loan Type | Maturity | Rate |
| Michael Baker International LLC | 500 | Term Loan | 12/1/2028 | S+450 |
| Intertek Fin PLC | 1564 | Term Loan | 9/29/2033 | E+325 |
| MB2 Dental Solutions LLC | 100 | Revolving Credit | 2/13/2031 | S+600 |
| QNB Finansbank AS | 112 | Term Loan | 12/27/2027 | S+190 |
Forward Calendar
Forward calendar during the week ending 9/25/26
| Issuer | Description | Banks | Expected Issue Date |
| Apire Bakeries Holdings | $1.175B TL | JPM | Q3 2026 |
| US Foods Inc. | $675MM TLB | CITI | Q3 2026 |
| White Cap Supply Holdings | $4.132B TLB | DB | Q3 2026 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 9/18/26-9/25/26
| Rank | Size (MM) | Name | Change | PRC | PRC-1W | Dealers |
| 1 | 7250 | HOLOGIC INC (USD) TL S+225 4/7/2033 | 0.00 | 98.77 | 98.84756504 | 17 |
| 2 | 6272 | UKG INC (USD) TL S+250 2/9/2031 | 0.00 | 97.08 | 97.46994962 | 18 |
| 3 | 6125 | ELECTRONIC ARTS INC (USD) TL B S+350 8/4/2033 | 0.00 | 100.92 | 101 | 11 |
| 4 | 5621 | SOLAREDGE TECHS INC (USD) TL B S+250 7/31/2031 | 0.00 | 99.65 | 100 | 14 |
| 5 | 5572.36 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 0.00 | 100.07 | 100.2734864 | 18 |
| 6 | 5500 | DAYFORCE INC (USD) TL B S+300 2/4/2033 | 0.00 | 96.49 | 96.76022836 | 18 |
| 7 | 5246.85 | MCAFEE CORP (USD) TL B S+300 3/1/2029 | -0.03 | 92.61 | 95.49725885 | 12 |
| 8 | 5080 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 0.00 | 100.33 | 100.3490842 | 19 |
| 9 | 4700 | CITADEL SECS GLOBAL HLDGS LLC (USD) TL B S+200 10/5/2033 | 0.00 | 100.18 | 100.2536659 | 13 |
| 10 | 4672.96 | INTERNET BRANDS (USD) TL B3 S+425 5/3/2028 | 0.00 | 98.88 | 99.09265348 | 14 |
| 11 | 4664.41 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.00 | 100.07 | 100.039624 | 11 |
| 12 | 4588.655 | AMWINS GROUP INC (USD) TL B S+200 1/30/2032 | 0.00 | 98.76 | 99.07077617 | 16 |
| 13 | 4510.57 | RADIATE HOLDCO LLC (USD) 1ST OUT TL S+500 9/25/2029 | 0.01 | 89.06 | 88.52631179 | 13 |
| 14 | 4385 | FOCUS FNCL PARTNERS LLC (USD) TL C S+250 9/15/2031 | 0.00 | 98.58 | 98.87081891 | 13 |
| 15 | 4310 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | -0.01 | 94.75 | 95.44840902 | 15 |
| 16 | 4246 | BROADSTREET PARTNERS INC (USD) TL B S+250 6/16/2031 | -0.01 | 98.30 | 98.8412435 | 15 |
| 17 | 4221.872 | TK ELEVATOR HOLDCO GMBH (USD) TL B S+300 4/30/2030 | 0.00 | 100.48 | 100.4801508 | 10 |
| 18 | 4184.41 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 0.00 | 99.85 | 100.0218513 | 14 |
| 19 | 4150 | HUDSON RIVER (USD) TL B S+250 3/18/2030 | 0.00 | 99.78 | 99.90532968 | 14 |
| 20 | 4125 | CULLIGAN (USD) TL B S+250 7/1/2033 | 0.00 | 100.05 | 100.287891 | 18 |
| AVERAGE | 4971.30435 | -0.003257166 | 98.23276934 | 100.3053168 | 14.65 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 9/18/26-9/25/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | DRAGON BUYER INC (USD) TL S+275 9/24/2031 | ▲ 6.99% | 84.37 | 78.86 | 6 |
| 2 | NEWFOLD DIGITAL INC (USD) 1ST OUT TL A S+575 4/30/2029 | ▲ 5.17% | 85.12 | 80.94 | 11 |
| 3 | TROPICANA (USD) 2ND OUT TL S+325 1/24/2029 | ▲ 2.83% | 75.03 | 72.97 | 14 |
| 4 | HERTZ CORP (USD) TL B S+375 6/30/2028 | ▲ 2.53% | 59.39 | 57.92 | 8 |
| 5 | RACKSPACE TECH GLOBAL INC (USD) 2ND OUT TL B S+275 5/15/2028 | ▲ 2.42% | 89.99 | 87.87 | 14 |
| 6 | MEDICAL SOLUTIONS (USD) TL A1 S+525 11/1/2031 | ▲ 1.28% | 72.41 | 71.50 | 5 |
| 7 | SUMMER (BC) HOLDCO A SARL (USD) TL B S+500 2/5/2029 | ▲ 1.12% | 86.92 | 85.96 | 11 |
| 8 | SERTA SIMMONS (USD) EXIT TL S+750 6/29/2028 | ▲ 1.02% | 93.63 | 92.68 | 8 |
| 9 | NAPA MANAGEMENT SERVICES (USD) TL B L+525 2/23/2029 | ▲ 0.75% | 72.89 | 72.34 | 14 |
| 10 | WELD NORTH (USD) TL B S+350 12/15/2029 | ▲ 0.75% | 93.47 | 92.78 | 11 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 9/18/26-9/25/26
| Rank | Name | Change | PRC | PRC-1W | Dealers |
| 1 | CABLE ONE INC (USD) TL B L+200 5/3/2028 | ▼ 7.79% | 77.40 | 83.94 | 11 |
| 2 | ACRISURE LLC (USD) TL B S+325 6/5/2032 | ▼ 5.22% | 79.09 | 83.45 | 6 |
| 3 | VMED O2 (UK) FNCG I PLC (USD) TL Y S+325 3/31/2031 | ▼ 3.68% | 82.28 | 85.42 | 11 |
| 4 | ACRISURE LLC (USD) TL B6 S+300 11/6/2030 | ▼ 3.60% | 82.67 | 85.76 | 7 |
| 5 | MCAFEE CORP (USD) TL B S+300 3/1/2029 | ▼ 3.03% | 92.61 | 95.50 | 12 |
| 6 | PATAGONIA HOLDCO (USD) HOLDCO TL B S+575 8/1/2029 | ▼ 2.92% | 74.64 | 76.88 | 8 |
| 7 | DAVE & BUSTER’S (USD) TL B S+325 9/26/2031 | ▼ 2.31% | 60.05 | 61.47 | 14 |
| 8 | JETBLUE AIRWAYS CORP (USD) TL B S+475 8/27/2029 | ▼ 2.20% | 79.94 | 81.74 | 11 |
| 9 | ARCHES BUYER INC (USD) TL B S+425 8/5/2031 | ▼ 2.15% | 97.40 | 99.54 | 12 |
| 10 | CSC SERVICEWORKS INC (USD) 2ND OUT TL B S+400 9/1/2030 | ▼ 1.95% | 65.73 | 67.03 | 12 |
Avg Bid Price by Sector
Displays the average loan bid price by sector between 9/18/26-9/25/26. 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 9/18/26-9/25/26
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 9/18/26 vs. the week ending 9/25/26
| Rank | Tranche | Prior Week | This Week | Increase | % Increase |
| 1 | ADB SAFEGATE (EUR) TL B E+325 6/23/2032 | 17 | 34 | 17 | 100% |
| 2 | ZEGONA HOLDCO LTD (EUR) TL B4 E+200 6/25/2032 | 38 | 53 | 15 | 39% |
| 3 | INTEGER HLDGS CORP (USD) TL S+250 9/11/2033 | 6 | 21 | 15 | 250% |
| 4 | HERENS HOLDCO SARL (EUR) TL B E+392.5 7/3/2028 | 27 | 42 | 15 | 56% |
| 5 | HYPERION (USD) TL B S+275 3/31/2030 | 52 | 66 | 14 | 27% |
| 6 | AMEX GBT (USD) TL B S+400 6/23/2033 | 28 | 42 | 14 | 50% |
| 7 | SYNEOS HEALTH INC (USD) TL B S+350 9/30/2030 | 62 | 76 | 14 | 23% |
| 8 | TREEHOUSE FOODS INC (USD) TL B S+375 2/11/2033 | 48 | 60 | 12 | 25% |
| 9 | HARBOR FREIGHT (USD) TL B S+200 6/11/2031 | 54 | 66 | 12 | 22% |
| 10 | EVERI HLDGS INC (USD) TL B S+425 7/1/2032 | 58 | 70 | 12 | 21% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 9/18/26-9/25/26
| Rank | Tranche | Dealers |
| 1 | DAYFORCE INC (USD) TL B S+300 2/4/2033 | 20 |
| 2 | ALLIED UNIVERSAL HOLDCO LLC (USD) TL B S+325 8/5/2032 | 19 |
| 3 | WHITE CAP BUYER LLC (USD) TL B S+375 2/5/2033 | 18 |
| 4 | CULLIGAN (USD) TL B S+250 7/1/2033 | 18 |
| 5 | TRANSDIGM INC (USD) TL L S+250 1/3/2032 | 18 |
| 6 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 18 |
| 7 | UKG INC (USD) TL S+250 2/9/2031 | 18 |
| 8 | BERLIN PACKAGING LLC (USD) TL B7 S+325 6/7/2031 | 18 |
| 9 | TRANSDIGM INC (USD) TL M S+250 8/14/2032 | 18 |
| 10 | TRANSDIGM INC (USD) TL K S+225 3/22/2030 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 9/18/26-9/25/26
Sector Bid-Offer Spread
Results are based on select industry sectors, however, we offer data across 36 sectors
Related Resources
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