Syndicated Bank Loan Market Summary – Week Ending 2/19/21
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Syndicated Bank Loan Market Summary: Week Ending 2/19/21
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 2/12/21 – 2/19/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -1.66% | 83.62 | 85.03 | 16 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | N/A | 100.17 | 100.17 | 10 |
| 3 | 5,000 | QWEST CORPORATION TL B | 0.05% | 99.73 | 99.68 | 11 |
| 4 | 4,750 | ZAYO TL | N/A | 99.89 | 99.89 | 15 |
| 5 | 4,750 | DELL TL B | 0.10% | 100.25 | 100.15 | 15 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.05% | 98.76 | 98.71 | 14 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.05% | 100.25 | 100.20 | 10 |
| 8 | 4,250 | BERRY PLASTICS TL X | -0.01% | 100.03 | 100.04 | 10 |
| 9 | 4,250 | BERRY PLASTICS TL Y | -0.03% | 100.03 | 100.06 | 14 |
| 10 | 3,582 | MISYS TL B | 0.02% | 99.03 | 99.01 | 14 |
| 11 | 3,575 | STARS GROUP TL B | 0.01% | 100.32 | 100.31 | 15 |
| 12 | 3,524 | TRANSDIGM INC. TL F | 0.17% | 98.71 | 98.54 | 14 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.06% | 100.21 | 100.16 | 12 |
| 14 | 3,325 | CINEWORLD TL B | 1.75% | 81.30 | 79.90 | 13 |
| 15 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.02% | 100.00 | 99.98 | 10 |
| 16 | 3,312 | HUB INTL LTD TL B | 0.08% | 99.16 | 99.09 | 13 |
| 17 | 3,300 | BMC SOFTWARE TL B | 0.07% | 100.14 | 100.07 | 17 |
| 18 | 3,300 | NTL CABLE PLC TL N | 0.23% | 99.94 | 99.71 | 15 |
| 19 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -1.48% | 83.16 | 84.41 | 10 |
| 20 | 3,275 | SCIENTIFIC GAMES TL B5 | -0.03% | 98.86 | 98.89 | 10 |
| AVERAGE | 4,007 | -0.03% | 97.18 | 97.20 | 12.9 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 2/12/21 – 2/19/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | PEAK 10 2ND LIEN TL | 7.24% | 75.25 | 70.17 |
| 2 | LUMILEDS TL B | 7.01% | 73.91 | 69.06 |
| 3 | CIBT HOLDINGS 2ND LIEN TL | 6.06% | 49.95 | 47.10 |
| 4 | STIGA GROUP EUR TL B | 5.63% | 91.14 | 86.29 |
| 5 | SGB-SMIT EUR TL B | 5.15% | 84.07 | 79.95 |
| 6 | REVLON 2ND LIEN TL | 4.84% | 69.42 | 66.22 |
| 7 | WSH INVESTMENTS 2ND LIEN GBP TL | 3.36% | 96.22 | 93.10 |
| 8 | KUONI REISEN EUR TL B | 3.08% | 97.69 | 94.78 |
| 9 | ORBITER GROUP CHF TL | 3.04% | 97.36 | 94.48 |
| 10 | FINTRAX EUR TL B3 | 3.01% | 94.25 | 91.50 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 2/12/21 – 2/19/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | AS ADVENTURE GBP TL B | -9.57% | 46.43 | 51.34 |
| 2 | TRIMARK TL | -7.75% | 47.91 | 51.93 |
| 3 | GTT COMMUNICATIONS TL B | -3.92% | 77.79 | 80.97 |
| 4 | TRAVELPORT TL B | -3.10% | 72.61 | 74.93 |
| 5 | PEABODY ENERGY TL B | -2.80% | 44.84 | 46.13 |
| 6 | ENVISION HEALTHCARE TL B | -1.66% | 83.62 | 85.03 |
| 7 | SINCLAIR BROADCAST GROUP INC. TL B | -1.48% | 83.16 | 84.41 |
| 8 | LIGHTSTONE GENERATION LLC TL B | -0.78% | 86.96 | 87.64 |
| 9 | CUMULUS MEDIA TL | -0.76% | 98.46 | 99.21 |
| 10 | LONESTAR II GENERATION HOLDINGS TL C | -0.68% | 96.14 | 96.81 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 2/12/21 – 2/19/21 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 2/12/21 – 2/19/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 2/12/21 vs. the week ending 2/19/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | SIGMA BIDCO EUR TL B1 | 0 | 28 | 28 | NA |
| 2 | AREAS DD EUR TL | 15 | 41 | 26 | 173% |
| 3 | HYPERION EUR TL B | 4 | 30 | 26 | 650% |
| 4 | CRH EUROPE EUR TL B | 18 | 40 | 22 | 122% |
| 5 | DEXKO EUR TL B3 | 10 | 30 | 20 | 200% |
| 6 | AUTOSTORE EUR TL | 20 | 40 | 20 | 100% |
| 7 | AVERYS 2ND LIEN EUR TL B | 10 | 30 | 20 | 200% |
| 8 | AENOVA EUR TL B | 20 | 40 | 20 | 100% |
| 9 | AERNNOVA AEROSPACE EUR TL B | 20 | 40 | 20 | 100% |
| 10 | LABEYRIE EUR TL B1 | 10 | 30 | 20 | 200% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 2/12/21 – 2/19/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TELENET EUR TL | 20 |
| 1 | TELENET EUR TL | 20 |
| 2 | LUMILEDS TL B | 19 |
| 3 | GTT COMMUNICATIONS TL B | 18 |
| 4 | ZIGGO EUR TL H | 18 |
| 5 | BELK TL B | 18 |
| 6 | TECHEM EUR TL B4 | 18 |
| 7 | ELSAN GROUPE EUR TL B | 18 |
| 8 | SYNLAB EUR TL B | 18 |
| 9 | NUMERICABLE EUR TL B12 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 2/12/21 – 2/19/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 2/12/21 – 2/19/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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