Syndicated Bank Loan Market Summary – Week Ending 12/4/20
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 12/4/20
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 11/27/20 – 12/4/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 10,649 | INOVYN EUR TL B | 0.07% | 99.48 | 99.40 | 10 |
| 2 | 6,451 | REFINITV TL B | 0.44% | 99.77 | 99.33 | 11 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | 1.39% | 81.74 | 80.61 | 14 |
| 4 | 5,100 | CHANGE HEALTHCARE TL B | 0.06% | 99.11 | 99.05 | 14 |
| 5 | 5,000 | QWEST CORPORATION TL B | 0.30% | 98.02 | 97.72 | 11 |
| 6 | 4,750 | ZAYO TL | 0.42% | 98.61 | 98.20 | 18 |
| 7 | 4,750 | DELL TL B | 0.14% | 99.90 | 99.77 | 16 |
| 8 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.04% | 96.69 | 96.73 | 13 |
| 9 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.51% | 99.12 | 98.62 | 10 |
| 10 | 4,250 | BERRY PLASTICS TL X | 0.12% | 99.19 | 99.07 | 10 |
| 11 | 4,197 | AKZONOBEL TL B | 0.17% | 98.19 | 98.03 | 11 |
| 12 | 3,582 | MISYS TL B | 0.85% | 97.53 | 96.71 | 13 |
| 13 | 3,575 | STARS GROUP TL B | -0.03% | 100.18 | 100.21 | 17 |
| 14 | 3,524 | TRANSDIGM INC. TL F | 0.88% | 97.74 | 96.89 | 16 |
| 15 | 3,515 | LIFEPOINT HOSPITALS TL B | 1.31% | 99.21 | 97.92 | 15 |
| 16 | 3,415 | ENDO HEALTH TL B | 0.37% | 97.22 | 96.86 | 11 |
| 17 | 3,338 | ASURION TL B6 | 0.14% | 99.11 | 98.96 | 10 |
| 18 | 3,325 | CINEWORLD TL B | -2.28% | 73.28 | 74.99 | 14 |
| 19 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.52% | 99.10 | 98.59 | 10 |
| 20 | 3,312 | HUB INTL LTD TL B | 0.36% | 97.88 | 97.53 | 16 |
| AVERAGE | 4,538 | 0.29% | 96.55 | 96.26 | 13.0 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 11/27/20 – 12/4/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | HORNBLOWER TL | 9.77% | 83.73 | 76.27 |
| 2 | ANASTASIA BEVERLY HILLS TL B | 7.04% | 52.23 | 48.79 |
| 3 | AMERICAN AIRLINES TL B | 6.93% | 79.26 | 74.12 |
| 4 | SPECTRUM PLASTICS 2ND LIEN TL | 5.96% | 87.71 | 82.78 |
| 5 | ENNIS-FLINT TL | 5.76% | 97.02 | 91.74 |
| 6 | FITNESS & SPORT CLUBS TL A | 5.64% | 85.64 | 81.06 |
| 7 | BUCCANEER 2ND LIEN TL | 5.38% | 56.99 | 54.08 |
| 8 | HURTIGRUTEN GROUP EUR TL B | 4.77% | 87.45 | 83.47 |
| 9 | GULF FINANCE TL | 4.48% | 75.23 | 72.01 |
| 10 | MOHEGAN TL B | 4.32% | 94.68 | 90.76 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 11/27/20 – 12/4/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | TRIMARK TL | -13.97% | 47.65 | 55.39 |
| 2 | GTT COMMUNICATIONS TL B | -8.60% | 77.16 | 84.42 |
| 3 | AFFINITY GAMING TL B | -7.74% | 86.22 | 93.45 |
| 4 | PERSTORP TL | -3.08% | 89.05 | 91.88 |
| 5 | RODENSTOCK EUR TL B | -2.50% | 94.89 | 97.33 |
| 6 | LIMETREE BAY TL B | -1.71% | 86.99 | 88.50 |
| 7 | ACCURIDE TL B | -1.49% | 86.55 | 87.86 |
| 8 | WR GRACE TL B | -0.92% | 97.14 | 98.04 |
| 9 | ELECTRONICS FOR IMAGING TL | -0.70% | 84.64 | 85.24 |
| 10 | PS LOGISTICS TL | -0.68% | 96.17 | 96.84 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/27/20 – 12/4/20 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 11/27/20 – 12/4/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/27/20 vs. the week ending 12/4/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | HUB INTL LTD TL B | 52 | 93 | 41 | 79% |
| 2 | THE NIELSEN COMPANY B.V. TL B4 | 46 | 84 | 38 | 83% |
| 3 | SINCLAIR BROADCAST GROUP INC. TL B | 0 | 37 | 37 | N/A |
| 4 | EPICOR SOFTWARE TL B | 36 | 73 | 37 | 103% |
| 5 | CAMPING WORLD TL B | 62 | 98 | 36 | 58% |
| 6 | CHUCK E CHEESE TL B | 22 | 58 | 36 | 164% |
| 7 | NEP TL B | 50 | 86 | 36 | 72% |
| 8 | TRANSDIGM INC. TL F | 52 | 86 | 34 | 65% |
| 9 | ALLIANT HLDGS I INC TL B | 36 | 70 | 34 | 94% |
| 10 | APPLIED SYSTEMS TL B | 20 | 53 | 33 | 165% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/27/20 – 12/4/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | BRAND ENERGY TL | 19 |
| 2 | ZAYO TL | 18 |
| 3 | TELENET EUR TL | 18 |
| 4 | ZIGGO EUR TL H | 18 |
| 5 | VERISURE EUR TL B | 17 |
| 6 | CAMPING WORLD TL B | 17 |
| 7 | VERISURE EUR TL B1 | 17 |
| 8 | SYNLAB EUR TL B3 | 17 |
| 9 | KLOECKNER TL B | 17 |
| 10 | TECHEM EUR TL B4 | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/27/20 – 12/4/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 11/27/20 – 12/4/20 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.
