Syndicated Bank Loan Market Summary – Week Ending 1/29/21
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Syndicated Bank Loan Market Summary: Week Ending 1/29/21
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 1/22/21 – 1/29/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 10,649 | INOVYN EUR TL B | -0.51% | 99.34 | 99.85 | 10 |
| 2 | 6,451 | REFINITV TL B | 0.06% | 99.88 | 99.82 | 11 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | -1.52% | 85.85 | 87.18 | 14 |
| 4 | 5,100 | CHANGE HEALTHCARE TL B | -0.06% | 100.17 | 100.23 | 11 |
| 5 | 5,000 | QWEST CORPORATION TL B | -0.28% | 99.61 | 99.88 | 11 |
| 6 | 4,750 | DELL TL B | -0.21% | 100.16 | 100.37 | 15 |
| 7 | 4,750 | ZAYO TL | -0.41% | 99.62 | 100.03 | 16 |
| 8 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.95% | 98.03 | 98.97 | 13 |
| 9 | 4,250 | BERRY PLASTICS TL X | -0.07% | 99.93 | 100.00 | 10 |
| 10 | 4,246 | PETSMART NON-CONSENTED TL B2 | 0.08% | 99.77 | 99.69 | 10 |
| 11 | 3,582 | MISYS TL B | -1.16% | 98.11 | 99.26 | 13 |
| 12 | 3,575 | STARS GROUP TL B | -0.04% | 100.36 | 100.40 | 14 |
| 13 | 3,524 | TRANSDIGM INC. TL F | -0.74% | 98.44 | 99.17 | 14 |
| 14 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.38% | 99.79 | 100.17 | 11 |
| 15 | 3,325 | CINEWORLD TL B | 3.51% | 78.09 | 75.44 | 14 |
| 16 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | -0.10% | 99.91 | 100.01 | 10 |
| 17 | 3,312 | HUB INTL LTD TL B | -0.55% | 99.14 | 99.69 | 15 |
| 18 | 3,300 | NTL CABLE PLC TL N | -0.37% | 99.48 | 99.85 | 13 |
| 19 | 3,300 | BMC SOFTWARE TL B | -0.38% | 99.80 | 100.18 | 18 |
| 20 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -3.52% | 87.67 | 90.87 | 11 |
| AVERAGE | 4,470 | -0.38% | 97.16 | 97.55 | 12.7 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 1/22/21 – 1/29/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | CHECKERS TL | 11.18% | 89.57 | 80.56 |
| 2 | AMC ENTERTAINMENT TL B1 | 7.45% | 82.87 | 77.12 |
| 3 | PURESTAR TL | 7.32% | 72.98 | 68.00 |
| 4 | PEAK 10 2ND LIEN TL | 5.59% | 70.34 | 66.61 |
| 5 | CINEWORLD TL B | 5.47% | 78.07 | 74.02 |
| 6 | INMAR 2ND LIEN TL | 5.01% | 88.19 | 83.99 |
| 7 | REVLON TL B | 4.69% | 41.81 | 39.93 |
| 8 | VANTAGE SPECIALTY 2ND LIEN TL | 3.34% | 92.16 | 89.18 |
| 9 | ALTER DOMUS EUR TL | 3.09% | 96.59 | 93.69 |
| 10 | ROCKET SOFTWARE 2ND LIEN TL | 3.04% | 98.44 | 95.53 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 1/22/21 – 1/29/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | PEABODY ENERGY TL B | -6.38% | 49.99 | 53.39 |
| 2 | COLOUR BIDCO GBP TL | -3.60% | 78.01 | 80.93 |
| 3 | ALPHA GROUP EUR TL | -3.35% | 89.41 | 92.51 |
| 4 | CORRECTIONS CORP OF AMERICA TL B | -3.08% | 96.65 | 99.73 |
| 5 | SECURUS TL | -2.73% | 90.57 | 93.11 |
| 6 | RIVERBED PIK 2ND LIEN TL | -1.99% | 80.40 | 82.03 |
| 7 | VUE INTERNATIONAL BIDCO PLC EUR TL B | -1.89% | 84.59 | 86.22 |
| 8 | GLOBAL TELESYSTEMS TL | -1.82% | 92.95 | 94.68 |
| 9 | BRAND ENERGY TL | -1.58% | 97.28 | 98.84 |
| 10 | APCOA EUR TL B | -1.57% | 95.49 | 97.02 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 1/22/21 – 1/29/21 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 1/22/21 – 1/29/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/22/21 vs. the week ending 1/29/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | JAGUAR HOLDING CO I TL B | 22 | 58 | 36 | 164% |
| 2 | MCGRAW-HILL GLOBAL TL B | 22 | 56 | 34 | 155% |
| 3 | IRIDIUM SATELLITE TL | 14 | 35 | 21 | 150% |
| 4 | MESSER INDUSTRIES TL B | 56 | 76 | 20 | 36% |
| 5 | CALPINE CORP TL B5 | 24 | 43 | 19 | 79% |
| 6 | PLAYTIKA HOLDING CORP TL B | 19 | 38 | 19 | 100% |
| 7 | RADIO ONE TL B | 12 | 30 | 18 | 150% |
| 8 | RIVERBED TL B | 34 | 52 | 18 | 53% |
| 9 | NATIONAL MENTOR TL B | 22 | 40 | 18 | 82% |
| 10 | DELL TL B | 56 | 74 | 18 | 32% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/22/21 – 1/29/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TELENET EUR TL | 20 |
| 2 | VERISURE EUR TL B | 19 |
| 3 | EIRCOM FINCO SARL EUR TL B | 19 |
| 4 | ZIGGO EUR TL H | 19 |
| 5 | BMC SOFTWARE TL B | 18 |
| 6 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 7 | SYNLAB EUR TL B | 18 |
| 8 | TECHEM EUR TL B4 | 18 |
| 9 | NUMERICABLE EUR TL B12 | 18 |
| 10 | GTT COMMUNICATIONS TL B | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/22/21 – 1/29/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 1/22/21 – 1/29/21 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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