Syndicated Bank Loan Market Summary – Week Ending 12/23/21
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 12/23/21
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 12/17/21 – 12/23/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,270 | MEDLINE TL B | 0.16% | 99.86 | 99.71 | 11 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 0.18% | 79.97 | 79.83 | 14 |
| 3 | 5,000 | UNITED CONTINENTAL TL B | 0.21% | 100.35 | 100.14 | 11 |
| 4 | 4,750 | ZAYO TL | 0.07% | 98.49 | 98.42 | 15 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.04% | 99.29 | 99.33 | 13 |
| 6 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.17% | 99.47 | 99.30 | 10 |
| 7 | 3,900 | DIRECTV TL | 0.11% | 100.16 | 100.05 | 12 |
| 8 | 3,582 | MISYS TL B | 0.01% | 99.29 | 99.28 | 14 |
| 9 | 3,524 | TRANSDIGM INC. TL F | -0.03% | 98.51 | 98.53 | 13 |
| 10 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.13% | 99.80 | 99.67 | 13 |
| 11 | 3,500 | PILOT TRAVEL TL B | 0.04% | 99.35 | 99.32 | 10 |
| 12 | 3,380 | SOLERA TL B | 0.11% | 99.98 | 99.87 | 14 |
| 13 | 3,325 | CINEWORLD TL B | 0.53% | 76.58 | 76.17 | 13 |
| 14 | 3,312 | HUB INTL LTD TL B | 0.17% | 98.90 | 98.74 | 16 |
| 15 | 3,300 | NTL CABLE PLC TL N | 0.12% | 98.92 | 98.80 | 10 |
| 16 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.01% | 99.45 | 99.44 | 10 |
| 17 | 3,100 | JAZZ PHARMA TL B | 0.17% | 100.31 | 100.14 | 11 |
| 18 | 3,000 | DELTA SKYMILES TL B | 0.00% | 105.73 | 105.73 | 11 |
| 19 | 3,000 | WESTINGHOUSE TL B | 0.05% | 99.06 | 99.02 | 14 |
| 20 | 2,985 | HARBOR FREIGHT TL B | -0.06% | 99.71 | 99.76 | 14 |
| AVERAGE | 3,922 | 0.10% | 97.66 | 97.56 | 12.5 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 12/17/21 – 12/23/21
| RANK | NAME | CHANGE | PX | PX-1M |
|---|---|---|---|---|
| 1 | RIVERBED TL B | 6.43% | 95.32 | 89.57 |
| 2 | GTT COMMUNICATIONS EUR TL B | 4.64% | 88.43 | 84.51 |
| 3 | COLE HAAN TL B1 | 3.16% | 93.99 | 91.11 |
| 4 | SINCLAIR BROADCAST GROUP INC. TL B | 2.31% | 45.76 | 44.73 |
| 5 | STEINHOFF EUROPE PIK 2ND LIEN EUR TL A2 | 2.30% | 94.07 | 91.96 |
| 6 | EXELA TL B | 2.18% | 81.36 | 79.63 |
| 7 | ANASTASIA BEVERLY HILLS TL B | 1.55% | 89.22 | 87.86 |
| 8 | ESSENTIAL POWER TL B | 1.43% | 84.32 | 83.13 |
| 9 | ENVISION HEALTHCARE TL B | 1.04% | 79.83 | 79.01 |
| 10 | DOUGLAS HOLDING EUR TL B | 0.93% | 98.72 | 97.81 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 12/17/21 – 12/23/21
| RANK | NAME | CHANGE | PX | PX-1M |
|---|---|---|---|---|
| 1 | CINEWORLD TL B | -5.98% | 74.91 | 79.68 |
| 2 | EASTERN POWER TL B | -4.84% | 76.89 | 80.80 |
| 3 | REVERE POWER TL B | -4.51% | 84.88 | 88.89 |
| 4 | NATIONAL CINEMEDIA TL B | -3.15% | 90.00 | 92.92 |
| 5 | WORLD KITCHEN TL | -2.88% | 92.75 | 95.50 |
| 6 | CHASSIX TL B | -1.83% | 89.40 | 91.06 |
| 7 | TRAVELPORT TL B | -1.60% | 82.76 | 84.10 |
| 8 | AMC ENTERTAINMENT TL B1 | -1.57% | 89.04 | 90.45 |
| 9 | AUDIO VISUAL TL B2 | -1.54% | 91.98 | 93.41 |
| 10 | CARECENTRIX TL B | -1.43% | 96.65 | 98.06 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/17/21 – 12/23/21 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 12/17/21 – 12/23/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/17/21 vs. the week ending 12/23/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | AIR MEDICAL GROUP HOLDIN TL B | 9 | 42 | 33 | 367% |
| 2 | DUEMMEN ORANGE EUR TL B | 2 | 12 | 10 | 500% |
| 3 | AVANTOR TL B4 | 10 | 18 | 8 | 80% |
| 4 | DEALOGIC EUR TL B | 10 | 18 | 8 | 80% |
| 5 | MOTOR FUEL GBP TL B1 | 34 | 42 | 8 | 24% |
| 6 | RODAN & FIELDS TL B | 32 | 40 | 8 | 25% |
| 7 | DELACHAUX TL B2 | 10 | 18 | 8 | 80% |
| 8 | AFFIDEA EUR TL B | 11 | 18 | 7 | 64% |
| 9 | TECHEM EUR TL B4 | 41 | 48 | 7 | 17% |
| 10 | BELLIS ACQUISITION CO PLC EUR TL B | 41 | 48 | 7 | 17% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/17/21 – 12/23/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | IFCO EUR TL B | 19 |
| 2 | SYNLAB EUR TL B5 | 18 |
| 3 | LUMILEDS TL B | 18 |
| 4 | DAE AVIATION TL | 18 |
| 5 | ELSAN GROUPE EXT EUR TL B | 17 |
| 6 | STARK GROUP EUR TL B | 17 |
| 7 | FONCIA GROUPE EUR TL B | 17 |
| 8 | CEVA SANTE ANIMALE EUR TL B | 17 |
| 9 | CINEWORLD TL B | 17 |
| 10 | VERISURE EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/17/21 – 12/23/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 12/17/21 – 12/23/21 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.
