Syndicated Bank Loan Market Summary – Week Ending 10/9/20
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Syndicated Bank Loan Market Summary: Week Ending 10/9/20
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 10/2/20 – 10/9/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -1.34% | 71.31 | 72.28 | 16 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | 0.71% | 98.54 | 97.84 | 12 |
| 3 | 5,000 | QWEST CORPORATION TL B | 1.34% | 97.17 | 95.89 | 12 |
| 4 | 4,750 | ZAYO TL | 0.77% | 97.69 | 96.94 | 14 |
| 5 | 4,750 | DELL TL B | 0.53% | 99.83 | 99.31 | 15 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL | -0.48% | 93.20 | 93.65 | 11 |
| 7 | 4,250 | BERRY PLASTICS TL X | 0.38% | 98.74 | 98.37 | 10 |
| 8 | 4,200 | POWER SOLUTIONS TL B | 0.43% | 97.85 | 97.43 | 10 |
| 9 | 4,197 | AKZONOBEL TL B | 0.71% | 97.43 | 96.74 | 11 |
| 10 | 4,000 | T-MOBILE USA TL B | 0.04% | 99.87 | 99.83 | 16 |
| 11 | 3,861 | PETSMART CONSENTED TL B2 | -0.05% | 99.66 | 99.71 | 13 |
| 12 | 3,582 | MISYS TL B | 1.92% | 95.31 | 93.51 | 13 |
| 13 | 3,575 | STARS GROUP TL B | 0.18% | 100.15 | 99.97 | 13 |
| 14 | 3,524 | TRANSDIGM INC. TL F | 2.00% | 95.97 | 94.08 | 13 |
| 15 | 3,415 | ENDO HEALTH TL B | 1.05% | 95.91 | 94.91 | 10 |
| 16 | 3,338 | ASURION TL B6 | 0.28% | 98.59 | 98.32 | 10 |
| 17 | 3,325 | CINEWORLD TL B | -3.84% | 62.82 | 65.32 | 18 |
| 18 | 3,312 | HUB INTL LTD TL B | 0.51% | 97.10 | 96.60 | 13 |
| 19 | 3,300 | BMC SOFTWARE TL B | 0.79% | 98.02 | 97.26 | 16 |
| 20 | 3,300 | DIAMOND SPORTS TL B | -10.60% | 71.42 | 79.89 | 12 |
| AVERAGE | 4,046 | -0.23% | 93.33 | 93.39 | 12.9 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 10/2/20 – 10/9/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | NBG HOME TL | 10.82% | 45.65 | 41.19 |
| 2 | FITNESS & SPORT CLUBS TL B | 10.12% | 66.60 | 60.48 |
| 3 | COMEXPOSIUM SA EUR TL B | 5.73% | 72.14 | 68.23 |
| 4 | ARRAY CANADA TL B | 4.51% | 58.07 | 55.56 |
| 5 | LIGHTSQUARED EXIT PIK TL | 4.15% | 95.36 | 91.57 |
| 6 | VARSITY BRANDS TL | 3.58% | 86.10 | 83.12 |
| 7 | CSM BAKERY TL B | 3.36% | 95.13 | 92.04 |
| 8 | STERLING TALENT SOLUTIONS TL | 3.33% | 93.19 | 90.19 |
| 9 | COLUMBUS CAPITAL EUR TL B | 2.95% | 73.39 | 71.28 |
| 10 | AMERICAN AIRLINES TL B | 2.44% | 74.51 | 72.73 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 10/2/20 – 10/9/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | HORNBLOWER TL | -15.30% | 70.66 | 83.42 |
| 2 | PEABODY ENERGY TL B | -10.37% | 35.05 | 39.10 |
| 3 | CINEWORLD EUR TL B | -6.09% | 62.40 | 66.45 |
| 4 | ANCHOR GLASS TL B | -3.75% | 75.18 | 78.12 |
| 5 | CARESTREAM HEALTH 2ND LIEN TL | -3.42% | 75.57 | 78.24 |
| 6 | FLY LEASING TL | -3.19% | 87.44 | 90.31 |
| 7 | MALLINCKRODT TL B | -2.29% | 82.99 | 84.93 |
| 8 | EPIC Y-GRADE SERVICES TL B | -1.96% | 79.92 | 81.52 |
| 9 | LIVE NATION TL B | -1.84% | 93.19 | 94.94 |
| 10 | AREAS EUR TL B1 | -1.60% | 76.81 | 78.06 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/2/20 – 10/9/20 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 10/2/20 – 10/9/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/2/20 vs. the week ending 10/9/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | ADVANTAGE SALES TL B | 28 | 58 | 30 | 107% |
| 2 | EG GROUP TL B | 16 | 44 | 28 | 175% |
| 3 | USI HOLDINGS TL B | 18 | 46 | 28 | 156% |
| 4 | KLOECKNER EUR TL B | 21 | 47 | 26 | 124% |
| 5 | HUB INTL LTD TL B | 50 | 70 | 20 | 40% |
| 6 | BRAND ENERGY TL | 40 | 60 | 20 | 50% |
| 7 | BUCKEYE TL B | 31 | 50 | 19 | 61% |
| 8 | CARIBE EUR TL B | 10 | 28 | 18 | 180% |
| 9 | GENUINE FINANCIAL TL | 10 | 28 | 18 | 180% |
| 10 | KINDERCARE LEARNING CENTER TL | 24 | 42 | 18 | 75% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/2/20 – 10/9/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | AMC ENTERTAINMENT TL B1 | 21 |
| 2 | GTT COMMUNICATIONS TL B | 20 |
| 3 | TELENET EUR TL | 19 |
| 4 | AKZONOBEL EUR TL B | 18 |
| 5 | HARLAND CLARKE TL B7 | 18 |
| 6 | CINEWORLD TL B | 18 |
| 7 | PARTY CITY TL B | 18 |
| 8 | CENGAGE TL | 17 |
| 9 | AMERICAN AIRLINES TL B | 17 |
| 10 | LUMILEDS TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/2/20 – 10/9/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 10/2/20 – 10/9/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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