Syndicated Bank Loan Market Summary – Week Ending 4/16/21
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Syndicated Bank Loan Market Summary: Week Ending 4/16/21
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 4/9/21 – 4/16/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -0.14% | 84.85 | 84.97 | 16 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | -0.20% | 99.88 | 100.08 | 13 |
| 3 | 5,000 | QWEST CORPORATION TL B | -0.08% | 99.04 | 99.12 | 10 |
| 4 | 4,750 | ZAYO TL | -0.23% | 99.12 | 99.35 | 15 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.10% | 98.88 | 98.98 | 15 |
| 6 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.13% | 99.75 | 99.88 | 13 |
| 7 | 4,475 | UNIVISION TL C5 | -0.03% | 99.76 | 99.78 | 11 |
| 8 | 4,197 | AKZONOBEL TL B | -0.02% | 98.45 | 98.46 | 11 |
| 9 | 3,582 | MISYS TL B | -0.20% | 98.28 | 98.48 | 15 |
| 10 | 3,575 | STARS GROUP TL B | 0.02% | 100.29 | 100.27 | 16 |
| 11 | 3,524 | TRANSDIGM INC. TL F | -0.04% | 98.68 | 98.72 | 14 |
| 12 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.15% | 99.75 | 99.90 | 13 |
| 13 | 3,500 | AMERICAN AIRLINES TL B | 0.10% | 103.61 | 103.50 | 11 |
| 14 | 3,338 | ASURION TL B6 | -0.05% | 99.78 | 99.83 | 10 |
| 15 | 3,325 | CINEWORLD TL B | -0.38% | 86.20 | 86.53 | 14 |
| 16 | 3,312 | HUB INTL LTD TL B | -0.17% | 98.74 | 98.90 | 19 |
| 17 | 3,300 | NTL CABLE PLC TL N | -0.26% | 99.23 | 99.50 | 11 |
| 18 | 3,275 | SCIENTIFIC GAMES TL B5 | N/A | 98.40 | 98.41 | 14 |
| 19 | 3,165 | MULTIPLAN TL B | -0.10% | 99.65 | 99.75 | 12 |
| 20 | 3,100 | COLORADO BUYER 2ND LIEN TL | -0.48% | 98.39 | 98.87 | 12 |
| AVERAGE | 3,937 | -0.13% | 98.04 | 98.16 | 13.3 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 4/9/21 – 4/16/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | EIF VAN HOOK HOLDINGS TL B | 14.26% | 78.22 | 68.46 |
| 2 | HEALOGICS EXT TL B | 5.63% | 96.36 | 91.23 |
| 3 | CLARION EVENTS TL | 2.96% | 92.62 | 89.96 |
| 4 | PGS TL B | 2.83% | 88.21 | 85.79 |
| 5 | FIELDWOOD ENERGY TL | 2.74% | 37.94 | 36.92 |
| 6 | ENCINO ACQUISITION PARTNERS 2ND LIEN TL | 2.72% | 95.24 | 92.72 |
| 7 | GTT COMMUNICATIONS TL B | 2.05% | 85.73 | 84.01 |
| 8 | UNITED CONTINENTAL TL B | 1.84% | 99.27 | 97.48 |
| 9 | BISON MIDSTREAM TL B | 1.77% | 97.35 | 95.66 |
| 10 | CIRQUE DE SOLEIL 2ND LIEN TL | 1.72% | 96.46 | 94.83 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 4/9/21 – 4/16/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | GLASS MOUNTAIN PIPELINE TL B | -14.14% | 21.05 | 24.52 |
| 2 | CONSTELLIS HOLDINGS LLC PIK 2ND LIEN TL | -2.35% | 88.14 | 90.26 |
| 3 | COLE HAAN TL B1 | -2.28% | 90.57 | 92.69 |
| 4 | MITEL NETWORKS 2ND LIEN TL | -1.73% | 48.05 | 48.90 |
| 5 | LIMETREE BAY TL B | -1.59% | 95.94 | 97.50 |
| 6 | LIQUIBOX TL B | -1.47% | 93.08 | 94.47 |
| 7 | SONICWALL 2ND LIEN TL | -1.44% | 92.49 | 93.84 |
| 8 | TELESAT TL B | -1.24% | 94.96 | 96.15 |
| 9 | WESTJET TL | -1.17% | 96.17 | 97.31 |
| 10 | ICP GROUP TL | -1.11% | 98.73 | 99.84 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 4/9/21 – 4/16/21 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 4/9/21 – 4/16/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 4/9/21 vs. the week ending 4/16/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | NESTLE SKIN HEALTH TL B | 26 | 68 | 42 | 162% |
| 2 | CONSOLIDATED COMMUNICATIONS TL B | 28 | 68 | 40 | 143% |
| 3 | RECIPHARM EUR TL | 30 | 60 | 30 | 100% |
| 4 | VERSCEND TL B | 15 | 44 | 29 | 193% |
| 5 | STATION CASINO TL B | 72 | 97 | 25 | 35% |
| 6 | MISYS EUR TL B | 26 | 50 | 24 | 92% |
| 7 | PODS TL B | 36 | 60 | 24 | 67% |
| 8 | SHEARERS TL | 57 | 80 | 23 | 40% |
| 9 | GARDA SECURITY TL B | 33 | 56 | 23 | 70% |
| 10 | PURESTAR TL | 8 | 30 | 22 | 275% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 4/9/21 – 4/16/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | HUB INTL LTD TL B | 19 |
| 2 | TELENET EUR TL | 19 |
| 3 | BIOGROUP DD EUR TL B | 19 |
| 4 | TECHEM EUR TL B4 | 18 |
| 5 | BANIJAY GROUP EUR TL B | 18 |
| 6 | SIGMA BIDCO EUR TL B1 | 18 |
| 7 | SYNLAB EUR TL B5 | 18 |
| 8 | LUMILEDS TL B | 18 |
| 9 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 10 | ZIGGO EUR TL H | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 4/9/21 – 4/16/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 4/9/21 – 4/16/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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