Syndicated Bank Loan Market Summary – Week Ending 1/21/22
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Syndicated Bank Loan Market Summary: Week Ending 1/21/22
Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 1/14/22 – 1/21/22
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,270 | MEDLINE TL B | 0.09% | 100.27 | 100.18 | 11 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | -0.70% | 78.67 | 79.22 | 16 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | -0.02% | 100.09 | 100.11 | 10 |
| 4 | 5,000 | QWEST CORPORATION TL B | 0.20% | 99.23 | 99.03 | 10 |
| 5 | 5,000 | UNITED CONTINENTAL TL B | -0.08% | 100.87 | 100.96 | 12 |
| 6 | 4,750 | ZAYO TL | 0.10% | 99.39 | 99.29 | 17 |
| 7 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.12% | 99.90 | 99.78 | 15 |
| 8 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.03% | 99.94 | 99.91 | 11 |
| 9 | 4,197 | AKZONOBEL TL B | 0.05% | 99.90 | 99.84 | 10 |
| 10 | 3,900 | DIRECTV TL | 0.02% | 100.44 | 100.43 | 13 |
| 11 | 3,582 | MISYS TL B | 0.11% | 100.00 | 99.89 | 16 |
| 12 | 3,524 | TRANSDIGM INC. TL F | 0.12% | 99.47 | 99.36 | 15 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.10% | 100.21 | 100.11 | 14 |
| 14 | 3,500 | PILOT TRAVEL TL B | 0.13% | 99.84 | 99.71 | 10 |
| 15 | 3,450 | GOLDEN NUGGET INC TL B | 0.28% | 100.63 | 100.35 | 12 |
| 16 | 3,380 | SOLERA TL B | -0.01% | 100.34 | 100.35 | 15 |
| 17 | 3,325 | CINEWORLD TL B | -0.17% | 78.77 | 78.91 | 15 |
| 18 | 3,312 | HUB INTL LTD TL B | 0.04% | 99.83 | 99.78 | 16 |
| 19 | 3,300 | DIAMOND SPORTS TL B | -7.51% | 43.43 | 46.96 | 13 |
| 20 | 3,300 | NTL CABLE PLC TL N | 0.02% | 99.70 | 99.68 | 13 |
| AVERAGE | 4,206 | -0.35% | 95.05 | 95.19 | 13.2 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 1/14/22 – 1/21/22
| RANK | NAME | CHANGE | PX | PX-1M |
|---|---|---|---|---|
| 1 | RODAN & FIELDS TL B | 3.54% | 56.78 | 54.84 |
| 2 | GENON ENERGY INC TL B | 2.23% | 93.23 | 91.20 |
| 3 | GLOBAL TELESYSTEMS 2ND LIEN TL | 1.97% | 93.97 | 92.15 |
| 4 | SERTA SIMMONS TL | 1.85% | 62.92 | 61.78 |
| 5 | TRITECH SOFTWARE SYSTEMS 2ND LIEN TL | 1.81% | 90.50 | 88.89 |
| 6 | PETROCHOICE TL | 1.53% | 96.77 | 95.32 |
| 7 | AMERICAN AIRLINES TL B | 1.40% | 97.58 | 96.23 |
| 8 | GLOBAL TELESYSTEMS TL | 1.40% | 97.66 | 96.32 |
| 9 | STETSON MIDSTREAM TL B | 1.05% | 97.50 | 96.49 |
| 10 | TRITECH SOFTWARE SYSTEMS TL | 0.89% | 95.34 | 94.50 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 1/14/22 – 1/21/22
| RANK | NAME | CHANGE | PX | PX-1M |
|---|---|---|---|---|
| 1 | MONITRONICS EXIT TL | -6.51% | 90.55 | 96.86 |
| 2 | LIMETREE BAY TL B | -2.46% | 85.97 | 88.13 |
| 3 | HOLLAND & BARRETT GBP TL B | -2.18% | 90.92 | 92.95 |
| 4 | TELESAT TL B | -1.41% | 87.23 | 88.48 |
| 5 | REVLON 2ND LIEN TL B2 | -1.26% | 76.86 | 77.84 |
| 6 | RSA SECURITY LLC TL B | -1.25% | 93.03 | 94.21 |
| 7 | AMC ENTERTAINMENT TL B1 | -0.79% | 89.39 | 90.10 |
| 8 | WEIGHT WATCHERS TL B | -0.77% | 98.46 | 99.23 |
| 9 | GTT COMMUNICATIONS TL B | -0.73% | 89.02 | 89.68 |
| 10 | ENVISION HEALTHCARE TL B | -0.70% | 78.67 | 79.22 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 1/14/22 – 1/21/22 Results are based on 5 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 1/14/22 – 1/21/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/14/22 vs. the week ending 1/21/22
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | SRS DISTRIBUTION EXT TL B | 4 | 22 | 18 | 450% |
| 2 | TROPICANA ENTERTAINMENT PROPCO TL B | 2 | 18 | 16 | 800% |
| 3 | PEABODY ENERGY TL B | 42 | 57 | 15 | 36% |
| 4 | TRACE3 TL | 10 | 24 | 14 | 140% |
| 5 | LIFE SCIENCES TL | 18 | 32 | 14 | 78% |
| 6 | ALLEN MEDIA TL B | 2 | 14 | 12 | 600% |
| 7 | SYNAPTICS INC TL B | 10 | 21 | 11 | 110% |
| 8 | CAPSTONE LOGISTICS DD TL | 8 | 18 | 10 | 125% |
| 9 | ZYWAVE TL | 6 | 16 | 10 | 167% |
| 10 | PELICAN PRODUCTS TL B | 10 | 20 | 10 | 100% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/14/22 – 1/21/22
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | LUMILEDS TL B | 20 |
| 2 | LIGHTSTONE GENERATION LLC TL B | 19 |
| 3 | CINEWORLD TL B | 18 |
| 4 | IFCO EUR TL B | 18 |
| 5 | SYNLAB EUR TL B5 | 17 |
| 6 | ACTION NEDERLAND EUR TL B | 17 |
| 7 | GEO GROUP TL B | 17 |
| 8 | ENVISION HEALTHCARE TL B | 17 |
| 9 | ZIGGO EUR TL H | 17 |
| 10 | ZAYO TL | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/14/22 – 1/21/22
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 1/14/22 – 1/21/22 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
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