Syndicated Bank Loan Market Summary – Week Ending 10/23/20
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 10/23/20
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 10/16/20 – 10/23/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,451 | REFINITV TL B | -0.16% | 98.90 | 99.06 | 10 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 0.12% | 72.34 | 72.25 | 14 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | -0.09% | 98.23 | 98.32 | 14 |
| 4 | 5,000 | QWEST CORPORATION TL B | 0.09% | 96.79 | 96.71 | 12 |
| 5 | 4,750 | ZAYO TL | -0.04% | 97.33 | 97.37 | 16 |
| 6 | 4,750 | DELL TL B | -0.13% | 99.66 | 99.79 | 16 |
| 7 | 4,700 | CAESARS RESORT COLLECTION TL | -1.39% | 93.02 | 94.33 | 11 |
| 8 | 4,250 | BERRY PLASTICS TL X | 0.03% | 98.61 | 98.58 | 10 |
| 9 | 4,200 | POWER SOLUTIONS TL B | 0.04% | 97.86 | 97.82 | 11 |
| 10 | 4,197 | AKZONOBEL TL B | 0.54% | 97.60 | 97.08 | 12 |
| 11 | 4,000 | T-MOBILE USA TL B | -0.03% | 99.93 | 99.96 | 16 |
| 12 | 3,861 | PETSMART CONSENTED TL B2 | 0.00% | 99.81 | 99.81 | 12 |
| 13 | 3,582 | MISYS TL B | 0.16% | 95.05 | 94.90 | 14 |
| 14 | 3,575 | STARS GROUP TL B | 0.09% | 100.17 | 100.08 | 13 |
| 15 | 3,524 | TRANSDIGM INC. TL F | -0.10% | 95.58 | 95.68 | 13 |
| 16 | 3,415 | ENDO HEALTH TL B | 1.01% | 96.69 | 95.72 | 11 |
| 17 | 3,338 | ASURION TL B6 | 0.00% | 98.47 | 98.47 | 10 |
| 18 | 3,325 | CINEWORLD TL B | -0.36% | 59.24 | 59.46 | 18 |
| 19 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | -0.02% | 98.55 | 98.57 | 10 |
| 20 | 3,312 | HUB INTL LTD TL B | 0.09% | 96.82 | 96.74 | 13 |
| AVERAGE | 4,205 | -0.01% | 94.53 | 94.53 | 12.8 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 10/16/20 – 10/23/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | AUDIO VISUAL 2ND LIEN TL | 10.61% | 33.34 | 30.14 |
| 2 | AREAS EUR TL B1 | 6.85% | 81.78 | 76.54 |
| 3 | MILLER’S ALE HOUSE TL B | 6.45% | 76.49 | 71.86 |
| 4 | NBG HOME TL | 4.28% | 47.95 | 45.98 |
| 5 | PRISA EUR TL | 4.06% | 92.92 | 89.30 |
| 6 | AMERICAN AIRLINES TL B | 4.04% | 75.99 | 73.04 |
| 7 | TIVITY HEALTH TL A | 3.37% | 98.12 | 94.92 |
| 8 | EG GROUP GBP TL B | 3.21% | 93.14 | 90.24 |
| 9 | ALEXANDER MANN GBP TL B | 2.56% | 85.25 | 83.12 |
| 10 | AIRXCEL 2ND LIEN TL | 2.54% | 87.16 | 85.00 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 10/16/20 – 10/23/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | LIMETREE BAY TL B | -7.98% | 85.77 | 93.21 |
| 2 | BELK TL B | -5.45% | 34.51 | 36.49 |
| 3 | TRAVELPORT TL B | -5.12% | 54.96 | 57.92 |
| 4 | GLOBAL KNOWLEDGE TL | -4.07% | 85.83 | 89.47 |
| 5 | KINOVE TL B | -3.90% | 94.39 | 98.22 |
| 6 | MITEL NETWORKS TL | -2.82% | 81.65 | 84.01 |
| 7 | EQUINOX HLDGS INC 2ND LIEN TL | -2.31% | 56.46 | 57.79 |
| 8 | MERLIN ENTERTAINMENTS DD TL | -2.22% | 87.34 | 89.33 |
| 9 | AUDIO VISUAL TL B | -1.69% | 74.54 | 75.82 |
| 10 | APERGY TL B | -1.61% | 96.00 | 97.57 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/16/20 – 10/23/20 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 10/16/20 – 10/23/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/16/20 vs. the week ending 10/23/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | APPLOVIN TL B | 10 | 38 | 28 | 280% |
| 2 | MESSER INDUSTRIES TL B | 33 | 60 | 27 | 82% |
| 3 | RCN GRANDE TL B | 60 | 83 | 23 | 38% |
| 4 | INTEGER TL B | 16 | 38 | 22 | 138% |
| 5 | CONSOLIDATED COMMUNICATIONS TL B | 16 | 36 | 20 | 125% |
| 6 | USI HOLDINGS TL B | 10 | 30 | 20 | 200% |
| 7 | NEP TL B | 60 | 79 | 19 | 32% |
| 8 | ALBANY MOLECULAR TL B | 32 | 50 | 18 | 56% |
| 9 | WEB.COM TL B | 32 | 50 | 18 | 56% |
| 10 | PERFORCE TL | 18 | 36 | 18 | 100% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/16/20 – 10/23/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | AMC ENTERTAINMENT TL B1 | 20 |
| 2 | TELENET EUR TL | 19 |
| 3 | GTT COMMUNICATIONS TL B | 19 |
| 4 | CINEWORLD TL B | 19 |
| 5 | CINEWORLD TL B | 18 |
| 6 | VERISURE EUR TL B1 | 18 |
| 7 | PARTY CITY TL B | 18 |
| 8 | CENGAGE TL | 17 |
| 9 | LUMILEDS TL B | 17 |
| 10 | AKZONOBEL EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/16/20 – 10/23/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 10/16/20 – 10/23/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
