Syndicated Bank Loan Market Summary – Week Ending 12/3/21
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Syndicated Bank Loan Market Summary: Week Ending 12/3/21
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 11/26/21 – 12/3/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,270 | MEDLINE TL B | -0.18% | 99.55 | 99.72 | 14 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | -0.47% | 76.52 | 76.88 | 14 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | 0.03% | 99.71 | 99.68 | 10 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | -0.49% | 99.67 | 100.15 | 12 |
| 5 | 4,750 | ZAYO TL | -0.13% | 97.97 | 98.09 | 16 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.33% | 98.96 | 99.28 | 14 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.16% | 99.01 | 99.17 | 11 |
| 8 | 4,197 | AKZONOBEL TL B | -0.15% | 98.64 | 98.79 | 10 |
| 9 | 3,972 | POWER SOLUTIONS TL B | -0.09% | 98.86 | 98.95 | 10 |
| 10 | 3,900 | DIRECTV TL | -0.22% | 99.79 | 100.00 | 12 |
| 11 | 3,582 | MISYS TL B | -0.07% | 99.09 | 99.16 | 15 |
| 12 | 3,524 | TRANSDIGM INC. TL F | -0.52% | 98.03 | 98.54 | 15 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.22% | 99.06 | 99.29 | 13 |
| 14 | 3,500 | PILOT TRAVEL TL B | -0.14% | 99.06 | 99.21 | 11 |
| 15 | 3,380 | SOLERA TL B | -0.12% | 99.64 | 99.76 | 15 |
| 16 | 3,325 | CINEWORLD TL B | -2.20% | 79.92 | 81.72 | 11 |
| 17 | 3,312 | HUB INTL LTD TL B | -0.29% | 98.16 | 98.45 | 17 |
| 18 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | 3.99% | 43.00 | 41.35 | 11 |
| 19 | 3,300 | NTL CABLE PLC TL N | -0.06% | 98.48 | 98.54 | 12 |
| 20 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.08% | 99.25 | 99.17 | 12 |
| AVERAGE | 4,146 | -0.09% | 94.12 | 94.30 | 12.8 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 11/26/21 – 12/3/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | AMEX GBT TL B | 8.14% | 96.37 | 89.12 |
| 2 | LUMILEDS TL B | 3.54% | 76.58 | 73.96 |
| 3 | NORWEGIAN CRUISE LINES TL A | 2.79% | 93.55 | 91.01 |
| 4 | OGF(POMPES FUNEBRES GENERALE) EUR TL B | 1.85% | 98.05 | 96.27 |
| 5 | LIMETREE BAY TL B | 1.41% | 88.62 | 87.39 |
| 6 | LACES GROUP TL | 0.96% | 95.68 | 94.77 |
| 7 | SINCLAIR BROADCAST GROUP INC. TL B2 | 0.83% | 97.56 | 96.75 |
| 8 | UNILABS EUR TL B2 | 0.72% | 99.70 | 98.99 |
| 9 | BUSY BEES EUR TL B | 0.56% | 99.12 | 98.57 |
| 10 | COOPER STANDARD TL B | 0.55% | 92.99 | 92.48 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 11/26/21 – 12/3/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | NSO GROUP TL | -16.79% | 58.04 | 69.75 |
| 2 | CAREERBUILDER TL | -4.61% | 82.50 | 86.50 |
| 3 | SERTA SIMMONS TL | -4.41% | 60.72 | 63.52 |
| 4 | THE NORDAM GROUP TL B | -4.24% | 87.00 | 90.85 |
| 5 | COLE HAAN TL B1 | -4.20% | 88.35 | 92.21 |
| 6 | ZEP 2ND LIEN TL | -3.68% | 92.95 | 96.50 |
| 7 | MATRIX MEDICAL TL | -3.27% | 95.99 | 99.24 |
| 8 | AT&T COLOCATION TL | -3.14% | 82.84 | 85.52 |
| 9 | USS PARENT TL B | -3.00% | 94.81 | 97.74 |
| 10 | CINEWORLD TL B | -2.83% | 78.88 | 81.17 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/26/21 – 12/3/21 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 11/26/21 – 12/3/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/26/21 vs. the week ending 12/3/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | ENVISION HEALTHCARE TL B | 62 | 104 | 42 | 68% |
| 2 | TRANSDIGM INC. TL G | 64 | 102 | 38 | 59% |
| 3 | ZAYO TL | 78 | 116 | 38 | 49% |
| 4 | JAZZ PHARMA TL B | 58 | 96 | 38 | 66% |
| 5 | LUMILEDS TL B | 68 | 103 | 35 | 51% |
| 6 | LIFEPOINT HOSPITALS TL B | 72 | 106 | 34 | 47% |
| 7 | ON SEMICONDUCTOR TL B | 52 | 86 | 34 | 65% |
| 8 | SOLERA TL B | 72 | 106 | 34 | 47% |
| 9 | BMC SOFTWARE TL B | 72 | 106 | 34 | 47% |
| 10 | BERRY PLASTICS TL Z | 72 | 105 | 33 | 46% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/26/21 – 12/3/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | LUMILEDS TL B | 20 |
| 2 | NUMERICABLE EUR TL B12 | 18 |
| 3 | ZIGGO EUR TL H | 18 |
| 4 | IFCO EUR TL B | 18 |
| 5 | SYNLAB EUR TL B5 | 18 |
| 6 | BRAND ENERGY TL | 18 |
| 7 | NTL CABLE PLC EUR TL R | 17 |
| 8 | ACTION NEDERLAND EUR TL B | 17 |
| 9 | HUB INTL LTD TL B | 17 |
| 10 | GTT COMMUNICATIONS TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/26/21 – 12/3/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 11/26/21 – 12/3/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
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