Syndicated Bank Loan Market Summary – Week Ending 3/13/20
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Syndicated Bank Loan Market Summary: Week Ending 3/13/20
Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 3/6/20 – 3/13/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | SKILLSOFT EXT 2ND LIEN TL | 9.28% | 24.55 | 22.47 |
| 2 | ELECTRICAL COMPONENTS TL B | 2.84% | 92.14 | 89.60 |
| 3 | FORT DEARBORN 2ND LIEN TL | 2.14% | 95.27 | 93.27 |
| 4 | WASTEQUIP 2ND LIEN TL | 1.93% | 92.79 | 91.03 |
| 5 | HARGRY TL B | 1.71% | 99.59 | 97.91 |
| 6 | WASTEQUIP TL B | 1.63% | 100.00 | 98.40 |
| 7 | TENSAR 2ND LIEN TL | 1.51% | 83.61 | 82.36 |
| 8 | CERIDIAN TL B | 1.41% | 100.37 | 98.98 |
| 9 | GCI INC TL | 1.37% | 98.33 | 97.00 |
| 10 | AMERICAN TRAFFIC SOLUTIONS TL B | 1.28% | 100.07 | 98.81 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 3/6/20 – 3/13/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | CALIFORNIA RESOURCES TL | -53.20% | 24.56 | 52.47 |
| 2 | SEADRILL PARTNERS LLC EXT TL B | -35.87% | 20.60 | 32.12 |
| 3 | CHESAPEAKE ENERGY TL | -35.11% | 58.81 | 90.62 |
| 4 | MCDERMOTT TL B | -29.69% | 39.31 | 55.91 |
| 5 | FIELDWOOD ENERGY TL | -28.52% | 55.52 | 77.67 |
| 6 | TNT CRANE 2ND LIEN TL | -27.22% | 40.10 | 55.10 |
| 7 | STETSON MIDSTREAM TL B | -25.25% | 67.84 | 90.76 |
| 8 | CENTRAL SECURITY GROUP TL B | -24.16% | 46.57 | 61.40 |
| 9 | PEAK 10 2ND LIEN TL | -22.64% | 43.52 | 56.26 |
| 10 | BISON MIDSTREAM TL B | -20.89% | 64.91 | 82.05 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 3/6/20 – 3/13/20 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 3/6/20 – 3/13/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 3/6/20 vs. the week ending 3/13/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | ACTION NEDERLAND EUR TL B | 20 | 36 | 16 | 80% |
| 2 | RCN GRANDE TL B | 14 | 28 | 14 | 100% |
| 3 | ALPHA BIDCO EUR TL B1 | 12 | 24 | 12 | 100% |
| 4 | CALPINE CORP TL B9 | 18 | 30 | 12 | 67% |
| 5 | ZACAPA LLC TL B | 1 | 12 | 11 | 1100% |
| 6 | AKORN TL B | 0 | 10 | 10 | N/A |
| 7 | AVANTOR EUR TL B3 | 0 | 10 | 10 | N/A |
| 8 | JACKPOTJOY GBP TL B | 0 | 10 | 10 | N/A |
| 9 | MASMOVIL IBERCOM SA EUR TL B | 6 | 16 | 10 | 167% |
| 10 | MATCH GROUP INC TL B | 0 | 9 | 9 | N/A |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 3/6/20 – 3/13/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | GATES GLOBAL TL B | 16 |
| 2 | ENVISION HEALTHCARE TL B | 16 |
| 3 | SEADRILL PARTNERS LLC EXT TL B | 16 |
| 4 | HARLAND CLARKE TL B7 | 15 |
| 5 | DELL TL B | 15 |
| 6 | AMERICAN AIRLINES TL B | 15 |
| 7 | VERISURE MIDHOLDING AB EUR TL B1 | 15 |
| 8 | VISTRA ENERGY TL B3 | 15 |
| 9 | DORNA SPORTS EUR TL B | 14 |
| 10 | RCN GRANDE TL B | 14 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 3/6/20 – 3/13/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 3/6/20 – 3/13/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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