Syndicated Bank Loan Market Summary – Week Ending 11/20/20
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Syndicated Bank Loan Market Summary: Week Ending 11/20/20
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 11/13/20 – 11/20/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 10,649 | INOVYN EUR TL B | 0.36% | 99.22 | 98.87 | 12 |
| 2 | 6,451 | REFINITV TL B | -0.08% | 99.25 | 99.33 | 11 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | 3.74% | 78.37 | 75.55 | 13 |
| 4 | 5,100 | CHANGE HEALTHCARE TL B | 0.00% | 98.94 | 98.94 | 12 |
| 5 | 5,000 | QWEST CORPORATION TL B | -0.07% | 97.48 | 97.55 | 10 |
| 6 | 4,750 | ZAYO TL | -0.04% | 98.00 | 98.04 | 17 |
| 7 | 4,750 | DELL TL B | -0.02% | 99.71 | 99.73 | 16 |
| 8 | 4,700 | CAESARS RESORT COLLECTION TL | 0.43% | 96.00 | 95.59 | 11 |
| 9 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.11% | 98.70 | 98.81 | 10 |
| 10 | 4,250 | BERRY PLASTICS TL X | -0.20% | 99.01 | 99.21 | 10 |
| 11 | 4,246 | PETSMART NON-CONSENTED TL B2 | 0.21% | 99.17 | 98.96 | 12 |
| 12 | 4,197 | AKZONOBEL TL B | -0.05% | 97.55 | 97.60 | 10 |
| 13 | 3,861 | PETSMART CONSENTED TL B2 | 0.20% | 99.34 | 99.14 | 11 |
| 14 | 3,582 | MISYS TL B | 0.48% | 96.61 | 96.15 | 13 |
| 15 | 3,575 | STARS GROUP TL B | 0.02% | 100.23 | 100.21 | 16 |
| 16 | 3,524 | TRANSDIGM INC. TL F | 0.38% | 95.35 | 94.99 | 14 |
| 17 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.63% | 97.62 | 98.24 | 11 |
| 18 | 3,325 | CINEWORLD TL B | 1.32% | 69.11 | 68.21 | 16 |
| 19 | 3,312 | HUB INTL LTD TL B | -0.51% | 97.42 | 97.92 | 13 |
| 20 | 3,300 | BMC SOFTWARE TL B | 0.21% | 98.64 | 98.43 | 14 |
| AVERAGE | 4,605 | 0.28% | 95.79 | 95.57 | 12.6 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 11/13/20 – 11/20/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | NBG HOME TL | 41.69% | 69.23 | 48.86 |
| 2 | SECURUS 2ND LIEN TL | 20.02% | 73.39 | 61.14 |
| 3 | STETSON MIDSTREAM TL B | 13.01% | 79.99 | 70.78 |
| 4 | HOTELBEDS EUR TL C | 9.22% | 89.46 | 81.91 |
| 5 | TMF GROUP HOLDING BV 2ND LIEN EUR TL | 8.12% | 95.67 | 88.49 |
| 6 | AS ADVENTURE GBP TL B | 7.48% | 48.77 | 45.38 |
| 7 | HOLLAND & BARRETT GBP TL B | 7.39% | 86.17 | 80.24 |
| 8 | NATIONAL CINEMEDIA TL B | 6.34% | 72.88 | 68.54 |
| 9 | P.F. CHANG’S TL | 5.80% | 85.59 | 80.90 |
| 10 | BCA MARKETPLACE 2ND LIEN GBP TL | 5.60% | 91.15 | 86.32 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 11/13/20 – 11/20/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | FRAC TECH TL B | -8.97% | 32.11 | 35.27 |
| 2 | SCREENVISION MEDIA TL B | -7.10% | 78.46 | 84.46 |
| 3 | EQUINOX HLDGS INC 2ND LIEN TL | -6.98% | 59.86 | 64.35 |
| 4 | GTT COMMUNICATIONS TL B | -6.37% | 73.42 | 78.41 |
| 5 | IMAGINA MEDIA AUDIOVISUAL SL 2ND LIEN EUR TL | -4.71% | 74.59 | 78.28 |
| 6 | WATERBRIDGE OPERATING TL B | -2.90% | 82.03 | 84.48 |
| 7 | AMERICAN AIRLINES TL B | -2.18% | 86.18 | 88.10 |
| 8 | SEAWORLD TL B5 | -1.66% | 94.49 | 96.08 |
| 9 | ASPEN DENTAL TL B | -1.47% | 96.26 | 97.70 |
| 10 | BWAY HOLDING TL B | -1.23% | 94.76 | 95.94 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/13/20 – 11/20/20 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 11/13/20 – 11/20/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/13/20 vs. the week ending 11/20/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | NTL CABLE PLC EUR TL R | 36 | 58 | 22 | 61% |
| 2 | ZIGGO EUR TL H | 44 | 66 | 22 | 50% |
| 3 | BASS PRO SHOPS TL B | 56 | 76 | 20 | 36% |
| 4 | GARDNER DENVER TL B | 26 | 44 | 18 | 69% |
| 5 | GRAHAM PACKAGING TL B | 38 | 56 | 18 | 47% |
| 6 | MESSER INDUSTRIES TL B | 52 | 70 | 18 | 35% |
| 7 | HEARTLAND DENTAL TL | 34 | 51 | 17 | 50% |
| 8 | CARNIVAL PLC TL B | 0 | 17 | 17 | 0% |
| 9 | ULTIMATE SOFTWARE TL | 61 | 78 | 17 | 28% |
| 10 | UFC TL B | 32 | 48 | 16 | 50% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/13/20 – 11/20/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TELENET EUR TL | 19 |
| 2 | VERISURE EUR TL B | 18 |
| 3 | VERISURE EUR TL B1 | 18 |
| 4 | AKZONOBEL EUR TL B | 18 |
| 5 | SYNLAB EUR TL B | 18 |
| 6 | SIGMA BIDCO EUR TL B | 17 |
| 7 | NTL CABLE PLC EUR TL R | 17 |
| 8 | CEVA SANTE ANIMALE EUR TL B | 17 |
| 9 | CINEWORLD TL B | 17 |
| 10 | ZAYO TL | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/13/20 – 11/20/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 11/13/20 – 11/20/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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