Syndicated Bank Loan Market Summary – Week Ending 12/11/20
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Syndicated Bank Loan Market Summary: Week Ending 12/11/20
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 12/4/20 – 12/11/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 10,649 | INOVYN EUR TL B | 0.23% | 99.70 | 99.48 | 10 |
| 2 | 6,451 | REFINITV TL B | 0.06% | 99.82 | 99.77 | 11 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | 0.96% | 82.52 | 81.74 | 14 |
| 4 | 5,100 | CHANGE HEALTHCARE TL B | 0.03% | 99.14 | 99.11 | 14 |
| 5 | 5,000 | QWEST CORPORATION TL B | 0.37% | 98.38 | 98.02 | 11 |
| 6 | 4,750 | ZAYO TL | 0.17% | 98.78 | 98.61 | 18 |
| 7 | 4,750 | DELL TL B | 0.08% | 99.99 | 99.90 | 17 |
| 8 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.89% | 97.54 | 96.69 | 13 |
| 9 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.15% | 99.26 | 99.12 | 10 |
| 10 | 4,250 | BERRY PLASTICS TL Y | 0.33% | 98.80 | 98.48 | 14 |
| 11 | 4,197 | AKZONOBEL TL B | 0.28% | 98.47 | 98.19 | 11 |
| 12 | 3,582 | MISYS TL B | 0.50% | 98.02 | 97.53 | 13 |
| 13 | 3,575 | STARS GROUP TL B | 0.00% | 100.17 | 100.18 | 17 |
| 14 | 3,524 | TRANSDIGM INC. TL F | 0.35% | 98.08 | 97.74 | 16 |
| 15 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.47% | 99.67 | 99.21 | 15 |
| 16 | 3,415 | ENDO HEALTH TL B | 1.14% | 98.33 | 97.22 | 11 |
| 17 | 3,338 | ASURION TL B6 | 0.31% | 99.42 | 99.11 | 10 |
| 18 | 3,325 | CINEWORLD TL B | -8.49% | 67.06 | 73.28 | 14 |
| 19 | 3,312 | HUB INTL LTD TL B | -0.01% | 97.88 | 97.88 | 16 |
| 20 | 3,300 | BMC SOFTWARE TL B | 0.55% | 99.63 | 99.08 | 16 |
| AVERAGE | 4,537 | -0.08% | 96.53 | 96.52 | 13.6 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 12/4/20 – 12/11/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | ANASTASIA BEVERLY HILLS TL B | 26.67% | 66.15 | 52.23 |
| 2 | DYNACAST 2ND LIEN TL | 16.20% | 77.86 | 67.00 |
| 3 | ALTISOURCE TL B | 9.54% | 81.59 | 74.48 |
| 4 | PEABODY ENERGY TL B | 9.13% | 27.69 | 25.37 |
| 5 | AFFINITY GAMING TL B | 7.89% | 93.03 | 86.22 |
| 6 | SAMARCO MINERACAO TL | 7.77% | 58.85 | 54.60 |
| 7 | LEARNING CARE 2ND LIEN TL | 7.62% | 92.03 | 85.51 |
| 8 | WENCOR GROUP TL | 6.85% | 92.08 | 86.18 |
| 9 | SAI GLOBAL TL B | 6.44% | 85.83 | 80.63 |
| 10 | JO-ANN STORES 2ND LIEN TL | 6.35% | 89.41 | 84.08 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 12/4/20 – 12/11/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | AMC ENTERTAINMENT TL B1 | -13.96% | 64.00 | 74.38 |
| 2 | CINEWORLD TL B | -9.31% | 66.28 | 73.08 |
| 3 | EASTERN POWER TL B | -4.46% | 95.21 | 99.64 |
| 4 | TRIMARK TL | -3.29% | 46.08 | 47.65 |
| 5 | FRONTERA TL B | -3.25% | 26.38 | 27.27 |
| 6 | TORTOISE INVESTMENT TL | -3.06% | 84.02 | 86.68 |
| 7 | CARESTREAM HEALTH 2ND LIEN TL | -2.26% | 75.77 | 77.52 |
| 8 | AS ADVENTURE GBP TL B | -2.13% | 48.21 | 49.26 |
| 9 | ANCHOR GLASS TL B | -1.62% | 77.74 | 79.02 |
| 10 | AVERYS 2ND LIEN EUR TL B | -1.50% | 86.84 | 88.16 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/4/20 – 12/11/20 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 12/4/20 – 12/11/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/4/20 vs. the week ending 12/11/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | CERAMTEC TL B | 0 | 21 | 21 | N/A |
| 2 | ZAYO EUR TL | 20 | 38 | 18 | 90% |
| 3 | UPC HOLDING BV EUR TL B1 | 20 | 34 | 14 | 70% |
| 4 | SECTOR ALARM HOLDING EUR TL B1 | 18 | 32 | 14 | 78% |
| 5 | TDC EUR TL B | 14 | 28 | 14 | 100% |
| 6 | BMC SOFTWARE EUR TL B | 26 | 40 | 14 | 54% |
| 7 | AHLSELL EUR TL B | 22 | 36 | 14 | 64% |
| 8 | EIRCOM FINCO SARL EUR TL B | 44 | 58 | 14 | 32% |
| 9 | EXACT HOLDING EUR TL B | 10 | 24 | 14 | 140% |
| 10 | FINANCIERE CEP EUR TL B | 10 | 22 | 12 | 120% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/4/20 – 12/11/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | BRAND ENERGY TL | 19 |
| 2 | ZIGGO EUR TL H | 18 |
| 3 | SYNLAB EUR TL B3 | 18 |
| 4 | TELENET EUR TL | 18 |
| 5 | ZAYO TL | 18 |
| 6 | CAMPING WORLD TL B | 18 |
| 7 | VERISURE EUR TL B1 | 17 |
| 8 | VERISURE EUR TL B | 17 |
| 9 | TECHEM EUR TL B4 | 17 |
| 10 | STARS GROUP TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/4/20 – 12/11/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 12/4/20 – 12/11/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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