Syndicated Bank Loan Market Summary – Week Ending 10/16/20
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Syndicated Bank Loan Market Summary: Week Ending 10/16/20
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 10/9/20 – 10/16/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | 1.32% | 72.25 | 71.31 | 16 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | -0.22% | 98.32 | 98.54 | 13 |
| 3 | 5,000 | QWEST CORPORATION TL B | -0.47% | 96.71 | 97.17 | 12 |
| 4 | 4,750 | ZAYO TL | -0.33% | 97.37 | 97.69 | 15 |
| 5 | 4,750 | DELL TL B | -0.05% | 99.79 | 99.83 | 16 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL | 1.21% | 94.33 | 93.20 | 11 |
| 7 | 4,250 | BERRY PLASTICS TL X | -0.15% | 98.58 | 98.74 | 10 |
| 8 | 4,246 | PETSMART NON-CONSENTED TL B2 | -0.01% | 99.14 | 99.15 | 10 |
| 9 | 4,200 | POWER SOLUTIONS TL B | -0.03% | 97.82 | 97.85 | 11 |
| 10 | 4,197 | AKZONOBEL TL B | -0.36% | 97.08 | 97.43 | 12 |
| 11 | 4,000 | T-MOBILE USA TL B | 0.09% | 99.96 | 99.87 | 17 |
| 12 | 3,861 | PETSMART CONSENTED TL B2 | 0.15% | 99.81 | 99.66 | 12 |
| 13 | 3,582 | MISYS TL B | -0.44% | 94.90 | 95.31 | 13 |
| 14 | 3,575 | STARS GROUP TL B | -0.08% | 100.08 | 100.15 | 14 |
| 15 | 3,524 | TRANSDIGM INC. TL F | -0.30% | 95.68 | 95.97 | 13 |
| 16 | 3,415 | ENDO HEALTH TL B | -0.20% | 95.72 | 95.91 | 12 |
| 17 | 3,338 | ASURION TL B6 | -0.13% | 98.47 | 98.59 | 10 |
| 18 | 3,325 | CINEWORLD TL B | -5.35% | 59.46 | 62.82 | 18 |
| 19 | 3,315 | REYNOLDS GROUP HOLDINGS LTD TL B | -0.10% | 98.57 | 98.66 | 10 |
| 20 | 3,312 | HUB INTL LTD TL B | -0.36% | 96.74 | 97.10 | 13 |
| AVERAGE | 4,094 | -0.29% | 94.54 | 94.75 | 12.9 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 10/9/20 – 10/16/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | FITNESS & SPORT CLUBS TL B | 12.56% | 74.97 | 66.60 |
| 2 | ACCURIDE TL B | 9.70% | 84.59 | 77.11 |
| 3 | MALLINCKRODT TL B | 6.82% | 88.65 | 82.99 |
| 4 | GTT COMMUNICATIONS EUR TL B | 4.41% | 94.82 | 90.81 |
| 5 | ANASTASIA BEVERLY HILLS TL B | 3.83% | 43.74 | 42.13 |
| 6 | KINOVE TL B | 3.28% | 98.22 | 95.10 |
| 7 | COLOUR BIDCO GBP TL | 2.73% | 69.58 | 67.73 |
| 8 | AERNNOVA AEROSPACE EUR TL B | 2.67% | 78.99 | 76.94 |
| 9 | PEAK 10 2ND LIEN TL | 2.45% | 59.86 | 58.43 |
| 10 | PRONOVIAS EUR TL B1 | 2.22% | 51.32 | 50.21 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 10/9/20 – 10/16/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | REVLON TL B | -6.00% | 26.76 | 28.47 |
| 2 | TRAVELPORT TL B | -5.84% | 57.92 | 61.52 |
| 3 | EG GROUP 2ND LIEN EUR TL | -4.91% | 90.34 | 95.01 |
| 4 | FIELDWOOD ENERGY TL | -2.93% | 24.23 | 24.96 |
| 5 | AMERICAN AIRLINES TL B | -1.81% | 82.35 | 83.86 |
| 6 | FLY LEASING TL | -1.65% | 85.99 | 87.44 |
| 7 | ZEST DENTAL TL | -1.43% | 86.70 | 87.96 |
| 8 | SAFE FLEET TL B | -1.32% | 93.36 | 94.61 |
| 9 | CPI INTERNATIONAL TL | -1.17% | 96.35 | 97.49 |
| 10 | NORTHRIVER MIDSTREAM TL B | -0.92% | 95.63 | 96.52 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/9/20 – 10/16/20 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 10/9/20 – 10/16/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/9/20 vs. the week ending 10/16/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | MICHAELS STORES TL B | 14 | 36 | 22 | 157% |
| 2 | ALPHA GROUP EUR TL | 0 | 16 | 16 | 0% |
| 3 | CLARION EVENTS GBP TL | 10 | 24 | 14 | 140% |
| 4 | CLARION EVENTS TL | 0 | 12 | 12 | 0% |
| 5 | CINEWORLD EUR TL B | 10 | 22 | 12 | 120% |
| 6 | CSM BAKERY TL B | 10 | 22 | 12 | 120% |
| 7 | CSM BAKERY 2ND LIEN TL | 0 | 12 | 12 | 0% |
| 8 | EG GROUP EUR TL B1 | 32 | 44 | 12 | 38% |
| 9 | TECHNICOLOR EUR TL B | 8 | 20 | 12 | 150% |
| 10 | EFS COGEN TL B | 28 | 39 | 11 | 39% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/9/20 – 10/16/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | AMC ENTERTAINMENT TL B1 | 21 |
| 2 | GTT COMMUNICATIONS TL B | 19 |
| 3 | TELENET EUR TL | 19 |
| 4 | HARLAND CLARKE TL B7 | 18 |
| 5 | CINEWORLD TL B | 18 |
| 6 | AKZONOBEL EUR TL B | 18 |
| 7 | VERISURE EUR TL B1 | 18 |
| 8 | PARTY CITY TL B | 18 |
| 9 | VERISURE EUR TL B | 17 |
| 10 | AMERICAN AIRLINES TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/9/20 – 10/16/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 10/9/20 – 10/16/20 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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