Syndicated Bank Loan Market Summary – Week Ending 12/10/21
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Syndicated Bank Loan Market Summary: Week Ending 12/10/21
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 12/3/21 – 12/10/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,270 | MEDLINE TL B | 0.24% | 99.79 | 99.55 | 14 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 3.25% | 79.01 | 76.52 | 14 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | 0.12% | 99.83 | 99.71 | 10 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | 1.06% | 100.72 | 99.67 | 12 |
| 5 | 4,750 | ZAYO TL | 0.41% | 98.36 | 97.97 | 17 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.25% | 99.21 | 98.96 | 14 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.31% | 99.32 | 99.01 | 11 |
| 8 | 4,197 | AKZONOBEL TL B | 0.47% | 99.10 | 98.64 | 10 |
| 9 | 3,972 | POWER SOLUTIONS TL B | 0.37% | 99.23 | 98.86 | 10 |
| 10 | 3,900 | DIRECTV TL | 0.25% | 100.03 | 99.79 | 12 |
| 11 | 3,582 | MISYS TL B | 0.30% | 99.38 | 99.09 | 14 |
| 12 | 3,524 | TRANSDIGM INC. TL F | 0.56% | 98.58 | 98.03 | 15 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.57% | 99.63 | 99.06 | 13 |
| 14 | 3,500 | PILOT TRAVEL TL B | 0.32% | 99.38 | 99.06 | 11 |
| 15 | 3,380 | SOLERA TL B | 0.19% | 99.83 | 99.64 | 15 |
| 16 | 3,325 | CINEWORLD TL B | 0.90% | 80.64 | 79.92 | 11 |
| 17 | 3,312 | HUB INTL LTD TL B | 0.50% | 98.65 | 98.16 | 17 |
| 18 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | 4.04% | 44.73 | 43.00 | 10 |
| 19 | 3,300 | NTL CABLE PLC TL N | 0.33% | 98.81 | 98.48 | 12 |
| 20 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.28% | 99.52 | 99.25 | 10 |
| AVERAGE | 4,146 | 0.73% | 94.69 | 94.12 | 12.6 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 12/3/21 – 12/10/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | ENVISION HEALTHCARE TL B | 3.25% | 79.01 | 76.52 |
| 2 | GENON ENERGY INC TL B | 3.14% | 89.51 | 86.78 |
| 3 | COLE HAAN TL B1 | 3.13% | 91.11 | 88.35 |
| 4 | AUDIO VISUAL TL B1 | 2.21% | 92.53 | 90.53 |
| 5 | FITNESS & SPORT CLUBS TL B | 1.69% | 93.51 | 91.96 |
| 6 | HOFFMASTER TL | 1.67% | 92.74 | 91.22 |
| 7 | AMERICAN AIRLINES TL B | 1.62% | 94.97 | 93.46 |
| 8 | GLOBAL TELESYSTEMS TL | 1.35% | 96.35 | 95.06 |
| 9 | HESS MIDSTREAM TL B | 1.23% | 99.78 | 98.56 |
| 10 | ALBION ACQUISITIONS LTD EUR TL B | 1.13% | 99.98 | 98.87 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 12/3/21 – 12/10/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | CHECKERS TL | -6.25% | 85.64 | 91.36 |
| 2 | REVERE POWER TL C | -5.59% | 87.41 | 92.59 |
| 3 | HERITAGE POWER TL B | -4.90% | 82.15 | 86.38 |
| 4 | CIBT HOLDINGS TL | -4.85% | 80.50 | 84.61 |
| 5 | VYAIRE MEDICAL TL B | -4.02% | 81.14 | 84.54 |
| 6 | BEAVST EUR TL | -3.70% | 93.77 | 97.38 |
| 7 | TRAVEL LEADERS TL | -2.66% | 90.77 | 93.25 |
| 8 | ESSENTIAL POWER TL B | -2.61% | 83.13 | 85.35 |
| 9 | B&B HOTELS 2ND LIEN EUR TL | -1.64% | 94.16 | 95.73 |
| 10 | ESSENTIAL POWER TL B | -1.27% | 83.58 | 84.65 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/3/21 – 12/10/21 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 12/3/21 – 12/10/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/3/21 vs. the week ending 12/10/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | TRANSMONTAIGNE PARTNERS L P TL B | 19 | 56 | 37 | 195% |
| 2 | INTERNET BRANDS TL | 45 | 72 | 27 | 60% |
| 3 | DAE AVIATION TL | 105 | 130 | 25 | 24% |
| 4 | DIRECTV TL | 82 | 106 | 24 | 29% |
| 5 | ATKINS TL B | 22 | 45 | 23 | 105% |
| 6 | COMPASS POWER TL B | 50 | 72 | 22 | 44% |
| 7 | EPICOR SOFTWARE TL | 108 | 128 | 20 | 19% |
| 8 | ASTORIA ENERGY TL B | 49 | 68 | 19 | 39% |
| 9 | WESTINGHOUSE TL B | 86 | 105 | 19 | 22% |
| 10 | CSC SERVICEWORKS INC TL | 40 | 58 | 18 | 45% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/3/21 – 12/10/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | IFCO EUR TL B | 19 |
| 2 | SYNLAB EUR TL B5 | 18 |
| 3 | NUMERICABLE EUR TL B12 | 18 |
| 4 | LUMILEDS TL B | 18 |
| 5 | ZIGGO EUR TL H | 18 |
| 6 | ALPHA BIDCO EUR TL B | 18 |
| 7 | DAE AVIATION TL | 18 |
| 8 | ELSAN GROUPE EXT EUR TL B | 17 |
| 9 | STARK GROUP EUR TL B | 17 |
| 10 | FONCIA GROUPE EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/3/21 – 12/10/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 12/3/21 – 12/10/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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