Syndicated Bank Loan Market Summary – Week Ending 11/27/20
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 11/27/20
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 11/20/20 – 11/27/20
| 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 B | 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 11/20/20 – 11/27/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | AUDIO VISUAL 2ND LIEN TL | 38.85% | 60.61 | 43.65 |
| 2 | GTT COMMUNICATIONS TL B | 14.99% | 84.42 | 73.42 |
| 3 | CINEWORLD EUR TL B | 12.39% | 77.13 | 68.62 |
| 4 | TRAVELPORT TL B | 8.82% | 66.23 | 60.86 |
| 5 | ENVISION HEALTHCARE PIK TL B | 7.35% | 74.92 | 69.79 |
| 6 | AERNNOVA AEROSPACE EUR TL B | 6.41% | 91.07 | 85.58 |
| 7 | TEAM HEALTH TL | 6.11% | 86.88 | 81.88 |
| 8 | NATIONAL CINEMEDIA TL B | 5.95% | 77.22 | 72.88 |
| 9 | SWISSPORT EUR TL B | 4.88% | 94.88 | 90.47 |
| 10 | DIAMOND SPORTS TL B | 4.75% | 81.40 | 77.71 |
| 11 | BUCCANEER 2ND LIEN TL | 4.39% | 54.08 | 51.80 |
| 12 | TRAVEL LEADERS TL | 4.10% | 84.52 | 81.20 |
| 13 | TEN CATE EUR TL B1 | 3.81% | 97.66 | 94.07 |
| 14 | WATERBRIDGE OPERATING TL B | 3.55% | 84.94 | 82.03 |
| 15 | FORT DEARBORN 2ND LIEN TL | 3.29% | 96.23 | 93.17 |
| 16 | COOPER STANDARD TL B | 3.25% | 91.83 | 88.94 |
| 17 | STRATEGIC MATERIALS TL | 3.25% | 82.05 | 79.47 |
| 18 | EQUINOX HLDGS INC TL B | 2.76% | 83.27 | 81.03 |
| 19 | MATERIS CHRYSO EUR TL B | 2.70% | 94.64 | 92.15 |
| 20 | FINTRAX EUR TL B1 | 2.70% | 83.83 | 81.63 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/20/20 – 11/27/20 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 11/20/20 – 11/27/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/20/20 vs. the week ending 11/27/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | CERBA HEALTHCARE EUR TL B2 | 10 | 36 | 26 | 260% |
| 2 | UNILABS EUR TL B | 24 | 48 | 24 | 100% |
| 3 | AI SIRONA LUXEMBOURG ACQUISITION SARL EUR TL B | 10 | 32 | 22 | 220% |
| 4 | IGT HOLDING EUR TL B | 18 | 40 | 22 | 122% |
| 5 | SKYSCRAPER PERFORMANCE EUR TL B | 28 | 48 | 20 | 71% |
| 6 | TRANSUNION TL A3 | 12 | 30 | 18 | 150% |
| 7 | TEN CATE EUR TL B1 | 10 | 28 | 18 | 180% |
| 8 | NOMAD FOODS EUR TL B | 14 | 32 | 18 | 129% |
| 9 | PLANET FITNESS TL B | 8 | 26 | 18 | 225% |
| 10 | HILLMAN GROUP TL B | 16 | 34 | 18 | 113% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/20/20 – 11/27/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TELENET EUR TL | 19 |
| 2 | ZIGGO EUR TL H | 18 |
| 3 | EIRCOM FINCO SARL EUR TL B | 18 |
| 4 | VERISURE EUR TL B1 | 18 |
| 5 | VERISURE EUR TL B | 18 |
| 6 | AKZONOBEL EUR TL B | 18 |
| 7 | SYNLAB EUR TL B3 | 18 |
| 8 | ELSAN GROUPE EUR TL B | 17 |
| 9 | NUMERICABLE EUR TL B11 | 17 |
| 10 | CERBA HEALTHCARE EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/20/20 – 11/27/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 11/20/20 – 11/27/20 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.
