Syndicated Bank Loan Market Summary – Week Ending 4/9/21
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 4/9/21
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 4/1/21 – 4/9/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -1.16% | 84.97 | 85.97 | 15 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | 0.21% | 100.08 | 99.87 | 12 |
| 3 | 5,000 | QWEST CORPORATION TL B | 0.32% | 99.12 | 98.81 | 11 |
| 4 | 4,750 | ZAYO TL | 0.24% | 99.35 | 99.11 | 17 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.44% | 98.98 | 98.55 | 15 |
| 6 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.21% | 99.88 | 99.67 | 13 |
| 7 | 4,475 | UNIVISION TL C5 | 0.48% | 99.78 | 99.31 | 11 |
| 8 | 4,197 | AKZONOBEL TL B | 0.01% | 98.46 | 98.46 | 10 |
| 9 | 3,582 | MISYS TL B | 0.66% | 98.48 | 97.83 | 15 |
| 10 | 3,575 | STARS GROUP TL B | 0.20% | 100.27 | 100.07 | 16 |
| 11 | 3,524 | TRANSDIGM INC. TL F | 0.89% | 98.72 | 97.85 | 14 |
| 12 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.24% | 99.90 | 99.66 | 13 |
| 13 | 3,500 | AMERICAN AIRLINES TL B | 1.06% | 103.50 | 102.41 | 11 |
| 14 | 3,338 | ASURION TL B6 | 0.10% | 99.83 | 99.73 | 10 |
| 15 | 3,325 | CINEWORLD TL B | 1.74% | 86.53 | 85.05 | 16 |
| 16 | 3,312 | HUB INTL LTD TL B | 0.38% | 98.90 | 98.53 | 18 |
| 17 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -0.99% | 69.40 | 70.09 | 10 |
| 18 | 3,300 | NTL CABLE PLC TL N | 0.39% | 99.50 | 99.11 | 12 |
| 19 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.45% | 98.41 | 97.97 | 14 |
| 20 | 3,165 | MULTIPLAN TL B | 0.31% | 99.75 | 99.44 | 12 |
| AVERAGE | 3,947 | 0.31% | 96.69 | 96.37 | 13.3 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 4/1/21 – 4/9/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | OUTPUT SERVICES GROUP TL | 6.21% | 82.83 | 77.98 |
| 2 | SERTA SIMMONS TL | 3.67% | 63.71 | 61.45 |
| 3 | PURESTAR TL | 3.56% | 77.14 | 74.48 |
| 4 | GTT COMMUNICATIONS TL B | 3.43% | 83.75 | 80.97 |
| 5 | COLOUR BIDCO GBP TL | 3.17% | 86.73 | 84.07 |
| 6 | ELECTRICAL COMPONENTS 2ND LIEN TL | 2.20% | 79.75 | 78.04 |
| 7 | MRO HOLDING TL B | 2.03% | 95.69 | 93.79 |
| 8 | HORNBLOWER PIK TL B | 1.88% | 91.50 | 89.81 |
| 9 | HEALOGICS EXT TL B | 1.66% | 92.04 | 90.54 |
| 10 | FOGO DE CHAO TL | 1.64% | 94.75 | 93.23 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 4/1/21 – 4/9/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | LIGADO NETWORKS TL B | -7.79% | 84.54 | 91.69 |
| 2 | PEABODY ENERGY TL B | -7.62% | 33.41 | 36.17 |
| 3 | SAMARCO MINERACAO TL | -6.62% | 70.97 | 76.00 |
| 4 | GOPHER RESOURCE TL | -5.80% | 89.02 | 94.51 |
| 5 | INDRA HOLDINGS TL B | -2.54% | 62.56 | 64.19 |
| 6 | PRONOVIAS EUR TL B3 | -1.96% | 72.74 | 74.20 |
| 7 | HOTELBEDS EUR TL B | -1.90% | 86.52 | 88.20 |
| 8 | AT&T COLOCATION TL | -1.80% | 90.77 | 92.43 |
| 9 | SINCLAIR BROADCAST GROUP INC. TL B | -1.58% | 70.09 | 71.22 |
| 10 | AREAS DD EUR TL | -1.50% | 81.64 | 82.88 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 4/1/21 – 4/9/21 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 4/1/21 – 4/9/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 4/1/21 vs. the week ending 4/9/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | SS&C TECH TL B3 | 80 | 112 | 32 | 40% |
| 2 | SS&C TECH TL B5 | 74 | 104 | 30 | 41% |
| 3 | PLANTRONICS TL | 60 | 90 | 30 | 50% |
| 4 | ASPEN DENTAL TL B | 54 | 84 | 30 | 56% |
| 5 | INTEL TL | 54 | 83 | 29 | 54% |
| 6 | ACCURIDE TL B | 48 | 76 | 28 | 58% |
| 7 | CITY BREWING TL B | 6 | 32 | 26 | 433% |
| 8 | DELTA COMFORT BV EUR TL B | 6 | 32 | 26 | 433% |
| 9 | PEABODY ENERGY TL B | 30 | 56 | 26 | 87% |
| 10 | STRATEGIC MATERIALS TL | 34 | 60 | 26 | 76% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 4/1/21 – 4/9/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TELENET EUR TL | 19 |
| 2 | BIOGROUP DD EUR TL B | 19 |
| 3 | SIGMA BIDCO EUR TL B1 | 18 |
| 4 | SYNLAB EUR TL B5 | 18 |
| 5 | HUB INTL LTD TL B | 18 |
| 6 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 7 | ZIGGO EUR TL H | 18 |
| 8 | BANIJAY GROUP EUR TL B | 18 |
| 9 | TECHEM EUR TL B4 | 18 |
| 10 | GTT COMMUNICATIONS TL B | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 4/1/21 – 4/9/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 4/1/21 – 4/9/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
