Syndicated Bank Loan Market Summary – Week Ending 2/12/21
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Syndicated Bank Loan Market Summary: Week Ending 2/12/21
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 2/5/21 – 2/12/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 10,649 | INOVYN EUR TL B | -0.96% | 98.46 | 99.41 | 10 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 0.71% | 85.03 | 84.43 | 15 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | 0.05% | 100.17 | 100.12 | 10 |
| 4 | 5,000 | QWEST CORPORATION TL B | -0.10% | 99.68 | 99.78 | 11 |
| 5 | 4,750 | ZAYO TL | 0.05% | 99.89 | 99.85 | 15 |
| 6 | 4,750 | DELL TL B | -0.27% | 100.15 | 100.42 | 15 |
| 7 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.15% | 98.71 | 98.57 | 14 |
| 8 | 4,250 | BERRY PLASTICS TL Y | 0.04% | 100.06 | 100.03 | 14 |
| 9 | 3,582 | MISYS TL B | 0.28% | 99.01 | 98.73 | 14 |
| 10 | 3,575 | STARS GROUP TL B | 0.04% | 100.31 | 100.27 | 15 |
| 11 | 3,524 | TRANSDIGM INC. TL F | 0.25% | 98.54 | 98.29 | 14 |
| 12 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.01% | 100.16 | 100.14 | 12 |
| 13 | 3,325 | CINEWORLD TL B | -0.45% | 79.90 | 80.26 | 13 |
| 14 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.03% | 99.98 | 99.95 | 10 |
| 15 | 3,312 | HUB INTL LTD TL B | -0.14% | 99.09 | 99.22 | 16 |
| 16 | 3,300 | NTL CABLE PLC TL N | 0.20% | 99.71 | 99.50 | 14 |
| 17 | 3,300 | BMC SOFTWARE TL B | -0.03% | 100.07 | 100.10 | 16 |
| 18 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -0.12% | 84.41 | 84.51 | 10 |
| 19 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.02% | 98.89 | 98.86 | 10 |
| 20 | 3,165 | MULTIPLAN TL B | 0.05% | 99.92 | 99.88 | 12 |
| AVERAGE | 4,257 | -0.01% | 97.11 | 97.12 | 13.0 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 2/5/21 – 2/12/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | LUMILEDS TL B | 17.46% | 69.06 | 58.80 |
| 2 | NBG HOME TL | 12.75% | 89.00 | 78.93 |
| 3 | CATALINA MARKETING EXIT PIK TL | 5.15% | 35.00 | 33.29 |
| 4 | AUGUSTA SPORTSWEAR TL | 3.87% | 93.84 | 90.35 |
| 5 | FLAKT WOODS EUR TL B | 3.78% | 91.78 | 88.44 |
| 6 | VACALIANS EUR TL B | 3.50% | 89.70 | 86.67 |
| 7 | CRESTWOOD MIDSTREAM TL B | 3.24% | 86.71 | 83.98 |
| 8 | BROWN JORDAN INTERNATIONAL TL B | 2.75% | 81.55 | 79.37 |
| 9 | COLOUR BIDCO GBP TL | 2.70% | 88.95 | 86.61 |
| 10 | COLORADO BUYER 2ND LIEN TL | 2.58% | 87.72 | 85.51 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 2/5/21 – 2/12/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | ARRAY CANADA TL B | -9.51% | 61.43 | 67.88 |
| 2 | JILL PIK TL | -4.34% | 65.25 | 68.21 |
| 3 | PEABODY ENERGY TL B | -4.18% | 46.13 | 48.15 |
| 4 | LIGHTSTONE GENERATION LLC TL C | -1.65% | 87.53 | 89.00 |
| 5 | AMC ENTERTAINMENT TL B1 | -1.38% | 79.71 | 80.83 |
| 6 | PGS TL B | -1.35% | 78.89 | 79.97 |
| 7 | LANNET TL B | -1.03% | 95.02 | 96.01 |
| 8 | RODAN & FIELDS TL B | -0.88% | 86.53 | 87.29 |
| 9 | MICRO FOCUS TL B3 | -0.57% | 98.57 | 99.13 |
| 10 | EXCELITAS TECHNOLOGIES TL B | -0.49% | 99.29 | 99.78 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 2/5/21 – 2/12/21 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 2/5/21 – 2/12/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 2/5/21 vs. the week ending 2/12/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | AMER SPORTS EUR TL B | 3 | 41 | 38 | 1267% |
| 2 | NTL CABLE PLC EUR TL O | 31 | 66 | 35 | 113% |
| 3 | NTL CABLE PLC EUR TL R | 20 | 52 | 32 | 160% |
| 4 | UNILABS EUR TL B2 | 10 | 40 | 30 | 300% |
| 5 | HOWDEN TL B | 10 | 40 | 30 | 300% |
| 6 | NTL CABLE PLC GBP TL L | 12 | 40 | 28 | 233% |
| 7 | NTL CABLE PLC GBP TL M | 12 | 40 | 28 | 233% |
| 8 | PARQUES REUNIDOS SA EUR TL B | 16 | 44 | 28 | 175% |
| 9 | FOUNDATION BUILDING TL | 2 | 29 | 27 | 1350% |
| 10 | LIGHTSTONE GENERATION LLC TL B | 20 | 45 | 25 | 125% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 2/5/21 – 2/12/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TELENET EUR TL | 20 |
| 2 | GTT COMMUNICATIONS TL B | 18 |
| 3 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 4 | ZIGGO EUR TL H | 18 |
| 5 | TECHEM EUR TL B4 | 18 |
| 6 | LUMILEDS TL B | 18 |
| 7 | NUMERICABLE EUR TL B12 | 18 |
| 8 | ELSAN GROUPE EUR TL B | 18 |
| 9 | SYNLAB EUR TL B | 18 |
| 10 | EIRCOM FINCO SARL EUR TL B | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 2/5/21 – 2/12/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 2/5/21 – 2/12/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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