Syndicated Bank Loan Market Summary – Week Ending 3/20/20
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Syndicated Bank Loan Market Summary: Week Ending 3/20/20
Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
Top 20 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 3/13/20 – 3/20/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | FIELDWOOD ENERGY EXIT 2ND LIEN TL | -56.13% | 21.79 | 49.67 |
| 2 | CRESTWOOD MIDSTREAM TL B | -36.64% | 54.96 | 86.74 |
| 3 | VUE INTERNATIONAL BIDCO PLC EUR TL B | -35.83% | 60.47 | 94.24 |
| 4 | CINEWORLD EUR TL B | -34.05% | 59.63 | 90.42 |
| 5 | 24 HOUR FITNESS TL B | -31.38% | 40.90 | 59.60 |
| 6 | CALIFORNIA RESOURCES TL | -31.18% | 46.96 | 68.24 |
| 7 | GULF FINANCE TL | -30.11% | 51.22 | 73.29 |
| 8 | BCP RENAISSANCE TL B | -29.72% | 56.81 | 80.83 |
| 9 | LIMETREE BAY TL B | -29.19% | 63.88 | 90.21 |
| 10 | BUCCANEER TL | -29.13% | 63.28 | 89.30 |
| 11 | EIF VAN HOOK HOLDINGS TL B | -29.01% | 63.28 | 89.14 |
| 12 | ACCURIDE TL B | -28.88% | 45.20 | 63.55 |
| 13 | MEDALLION MIDLAND TL B | -28.33% | 60.07 | 83.81 |
| 14 | PEAK 10 2ND LIEN TL | -28.25% | 31.23 | 43.52 |
| 15 | CHESAPEAKE ENERGY TL | -28.02% | 42.56 | 59.13 |
| 16 | EAGLECLAW TL B | -27.26% | 59.86 | 82.29 |
| 17 | UTEX TL B | -26.98% | 48.86 | 66.92 |
| 18 | AMF BOWLMOR TL B | -26.97% | 68.82 | 94.24 |
| 19 | COMEXPOSIUM SA EUR TL B | -26.07% | 70.99 | 96.02 |
| 20 | BLACKSTONE CQP TL B | -25.55% | 64.62 | 86.79 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 3/13/20 – 3/20/20 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 3/13/20 – 3/20/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 3/13/20 vs. the week ending 3/20/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | HILTON TL B | 32 | 57 | 25 | 78% |
| 2 | ARISTOCRAT TL B | 27 | 50 | 23 | 85% |
| 3 | VERITAS TL B1 | 10 | 31 | 21 | 210% |
| 4 | EG GROUP TL B | 15 | 35 | 20 | 133% |
| 5 | HERBALIFE TL B | 15 | 35 | 20 | 133% |
| 6 | GRAY TELEVISION TL C | 24 | 42 | 18 | 75% |
| 7 | HEARTHSIDE FOODS TL B2 | 26 | 44 | 18 | 69% |
| 8 | PLAYTIKA HOLDING CORP TL B | 16 | 34 | 18 | 113% |
| 9 | SS&C TECH TL B5 | 9 | 27 | 18 | 200% |
| 10 | STAPLES TL B1 | 25 | 43 | 18 | 72% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 3/13/20 – 3/20/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ACTION NEDERLAND EUR TL B | 17 |
| 2 | AMC ENTERTAINMENT TL B1 | 16 |
| 3 | TECHEM EUR TL B | 16 |
| 4 | VERISURE MIDHOLDING AB EUR TL B1 | 15 |
| 5 | SIGMA BIDCO EUR TL B | 14 |
| 6 | NESTLE SKIN HEALTH EUR TL B | 14 |
| 7 | HARLAND CLARKE TL B7 | 14 |
| 8 | ELSAN GROUPE EUR TL B | 14 |
| 9 | WEBHELP EUR TL B | 14 |
| 10 | FRONERI EUR TL B | 14 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 3/13/20 – 3/20/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 3/13/20 – 3/20/20 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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