Syndicated Bank Loan Market Summary – Week Ending 1/22/21
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Syndicated Bank Loan Market Summary: Week Ending 1/22/21
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 1/15/21 – 1/22/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 10,649 | INOVYN EUR TL B | -0.02% | 99.85 | 99.88 | 10 |
| 2 | 6,451 | REFINITV TL B | -0.11% | 99.82 | 99.93 | 11 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | 1.65% | 87.18 | 85.76 | 13 |
| 4 | 5,100 | CHANGE HEALTHCARE TL B | -0.12% | 100.23 | 100.34 | 11 |
| 5 | 5,000 | QWEST CORPORATION TL B | -0.12% | 99.88 | 100.00 | 10 |
| 6 | 4,750 | DELL TL B | -0.14% | 100.37 | 100.51 | 14 |
| 7 | 4,750 | ZAYO TL | -0.16% | 100.03 | 100.19 | 16 |
| 8 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.35% | 98.97 | 99.33 | 13 |
| 9 | 4,250 | BERRY PLASTICS TL X | 0.00% | 100.00 | 100.00 | 10 |
| 10 | 3,582 | MISYS TL B | -0.15% | 99.26 | 99.41 | 13 |
| 11 | 3,575 | STARS GROUP TL B | -0.07% | 100.40 | 100.47 | 13 |
| 12 | 3,524 | TRANSDIGM INC. TL F | -0.15% | 99.17 | 99.32 | 14 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.25% | 100.17 | 100.42 | 11 |
| 14 | 3,325 | CINEWORLD TL B | 0.07% | 75.44 | 75.39 | 13 |
| 15 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | -0.12% | 100.01 | 100.13 | 10 |
| 16 | 3,312 | HUB INTL LTD TL B | -0.07% | 99.69 | 99.77 | 14 |
| 17 | 3,300 | BMC SOFTWARE TL B | -0.23% | 100.18 | 100.42 | 17 |
| 18 | 3,300 | NTL CABLE PLC TL N | -0.10% | 99.85 | 99.95 | 12 |
| 19 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | 1.84% | 90.87 | 89.23 | 10 |
| 20 | 3,275 | SCIENTIFIC GAMES TL B5 | -0.17% | 98.78 | 98.95 | 10 |
| AVERAGE | 4,421 | 0.06% | 97.51 | 97.47 | 12.3 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 1/15/21 – 1/22/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | SERTA SIMMONS TL | 16.60% | 58.74 | 50.37 |
| 2 | BELK TL B | 9.11% | 37.42 | 34.30 |
| 3 | ASK CHEMICALS EUR TL | 8.01% | 82.65 | 76.52 |
| 4 | CLAIRE’S STORES TL B | 6.88% | 91.85 | 85.94 |
| 5 | AMC ENTERTAINMENT TL B1 | 6.38% | 77.12 | 72.50 |
| 6 | HALO BUYER TL | 5.76% | 94.65 | 89.49 |
| 7 | CONTURA ENERGY TL | 5.47% | 76.41 | 72.45 |
| 8 | COLORADO BUYER 2ND LIEN TL | 5.40% | 85.34 | 80.97 |
| 9 | PEABODY ENERGY TL B | 4.87% | 53.39 | 50.91 |
| 10 | EXELA TL B | 4.59% | 35.78 | 34.21 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 1/15/21 – 1/22/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | VIRGIN ACTIVE LTD GBP TL A | -17.04% | 73.00 | 88.00 |
| 2 | FIELDWOOD ENERGY TL | -3.34% | 24.91 | 25.77 |
| 3 | GLOBAL EAGLE ENTERTMNT TL B | -3.16% | 72.18 | 74.53 |
| 4 | FRONTERA TL B | -1.90% | 23.13 | 23.58 |
| 5 | UNIFRAX EUR TL B | -1.02% | 91.00 | 91.94 |
| 6 | KUONI REISEN EUR TL B | -1.01% | 96.26 | 97.24 |
| 7 | IGM RESIN EUR TL | -0.93% | 90.99 | 91.85 |
| 8 | CAPROCK MIDSTREAM TL B | -0.86% | 91.10 | 91.89 |
| 9 | ORYX SOUTHERN TL B | -0.84% | 97.48 | 98.31 |
| 10 | WENDY’S INTERNATIONAL, LLC TL B | -0.83% | 100.10 | 100.94 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 1/15/21 – 1/22/21 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 1/15/21 – 1/22/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/15/21 vs. the week ending 1/22/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | AMER SPORTS EUR TL B | 10 | 37 | 27 | 270% |
| 2 | BIOGROUP EUR TL B | 18 | 36 | 18 | 100% |
| 3 | BCA MARKETPLACE GBP TL B | 14 | 30 | 16 | 114% |
| 4 | DOMIDEP EUR TL B | 14 | 30 | 16 | 114% |
| 5 | ALTICE FINANCING EUR TL B | 24 | 38 | 14 | 58% |
| 6 | JASON INC PIK 2ND LIEN TL | 4 | 18 | 14 | 350% |
| 7 | JASON INC PIK TL | 4 | 18 | 14 | 350% |
| 8 | FONCIA GROUPE EUR TL B | 2 | 14 | 12 | 600% |
| 9 | CROSSMARK TL | 3 | 15 | 12 | 400% |
| 10 | NTL CABLE PLC EUR TL O | 44 | 56 | 12 | 27% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/15/21 – 1/22/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TELENET EUR TL | 19 |
| 2 | VERISURE EUR TL B | 19 |
| 3 | EIRCOM FINCO SARL EUR TL B | 19 |
| 4 | ZIGGO EUR TL H | 19 |
| 5 | TECHEM EUR TL B4 | 18 |
| 6 | SYNLAB EUR TL B3 | 17 |
| 7 | NESTLE SKIN HEALTH EUR TL B | 17 |
| 8 | ELSAN GROUPE EUR TL B | 17 |
| 9 | SYNLAB EUR TL B | 17 |
| 10 | CEVA SANTE ANIMALE EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/15/21 – 1/22/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 1/15/21 – 1/22/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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