Syndicated Bank Loan Market Summary – Week Ending 3/6/20
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Syndicated Bank Loan Market Summary: Week Ending 3/6/20
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 2/28/20 – 3/6/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | PROGREXION TL | 11.02% | 53.28 | 47.99 |
| 2 | GIVE & GO TL B | 1.55% | 99.77 | 98.25 |
| 3 | CROSSMARK TL | 1.18% | 95.40 | 94.30 |
| 4 | ALVOGEN TL B | 1.07% | 94.29 | 93.30 |
| 5 | EQUITRANS MIDSTREAM TL B | 1.04% | 99.15 | 98.13 |
| 6 | HEALOGICS EXT TL B | 0.83% | 77.33 | 76.69 |
| 7 | ARRAY CANADA TL B | 0.58% | 72.49 | 72.08 |
| 8 | AKORN TL B | 0.51% | 96.75 | 96.26 |
| 9 | DUPAGE MEDICAL GROUP 2ND LIEN TL | 0.49% | 97.43 | 96.95 |
| 10 | CATALINA MARKETING EXIT TL | 0.46% | 75.34 | 75.00 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 2/28/20 – 3/6/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | WINDSTREAM SERVICES LLC TL B6 | -21.06% | 74.38 | 94.23 |
| 2 | TRAVELPORT 2ND LIEN TL | -15.82% | 68.61 | 81.50 |
| 3 | PEABODY ENERGY TL B | -14.71% | 67.55 | 79.20 |
| 4 | PHILADELPHIA ENERGY TL B | -13.50% | 32.19 | 37.22 |
| 5 | VIVID SEATS TL | -11.47% | 85.01 | 96.03 |
| 6 | AMC ENTERTAINMENT TL B1 | -10.56% | 88.17 | 98.58 |
| 7 | LSC COMMUNICATIONS TL B | -10.52% | 59.69 | 66.71 |
| 8 | AUDIO VISUAL TL B | -9.63% | 89.84 | 99.41 |
| 9 | KCA DEUTAG TL B | -9.25% | 62.36 | 68.71 |
| 10 | CALIFORNIA RESOURCES TL | -8.98% | 52.47 | 57.65 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 2/28/20 – 3/6/20 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 2/28/20 – 3/6/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 2/28/20 vs. the week ending 3/6/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | NTL CABLE PLC EUR TL O | 16 | 30 | 14 | 88% |
| 2 | GTT COMMUNICATIONS EUR TL B | 8 | 21 | 13 | 163% |
| 3 | IFCO EUR TL B | 10 | 22 | 12 | 120% |
| 4 | FRONERI TL B | 4 | 16 | 12 | 300% |
| 5 | NTL CABLE PLC GBP TL L | 16 | 28 | 12 | 75% |
| 6 | JBS USA TL B | 33 | 45 | 12 | 36% |
| 7 | BOLUDA TOWAGE EUR TL B1 | 20 | 32 | 12 | 60% |
| 8 | MACDERMID TL B | 17 | 28 | 11 | 65% |
| 9 | NTL CABLE PLC GBP TL M | 17 | 28 | 11 | 65% |
| 10 | MKS INSTRUMENTS TL B6 | 18 | 28 | 10 | 56% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 2/28/20 – 3/6/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | VERISURE MIDHOLDING AB EUR TL B1 | 17 |
| 2 | SIGMA BIDCO EUR TL B | 16 |
| 3 | HARLAND CLARKE TL B7 | 16 |
| 4 | SEADRILL PARTNERS LLC EXT TL B | 15 |
| 5 | ELSAN GROUPE EUR TL B | 15 |
| 6 | WEBHELP EUR TL B | 15 |
| 7 | HOMEVI EUR TL B | 15 |
| 8 | SERTA SIMMONS TL | 14 |
| 9 | DORNA SPORTS EUR TL B | 14 |
| 10 | ETHYPHARM EUR TL B | 14 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 2/28/20 – 3/6/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 2/28/20 – 3/6/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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