Syndicated Bank Loan Market Summary – Week Ending 5/15/20
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Syndicated Bank Loan Market Summary: Week Ending 5/15/20
Our weekly 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 5/8/20 – 5/15/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 10,649 | INOVYN EUR TL B | -0.90% | 94.07 | 94.92 | 10 |
| 2 | 6,451 | REFINITV TL B | -0.66% | 97.18 | 97.83 | 10 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | -5.84% | 64.32 | 68.31 | 16 |
| 4 | 5,000 | QWEST CORPORATION TL B | -0.24% | 93.85 | 94.08 | 10 |
| 5 | 4,750 | DELL TL B | -0.65% | 96.87 | 97.51 | 15 |
| 6 | 4,750 | ZAYO TL | -0.66% | 93.74 | 94.36 | 14 |
| 7 | 4,700 | CAESARS RESORT COLLECTION TL | 0.50% | 85.42 | 85.00 | 11 |
| 8 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.15% | 96.17 | 96.32 | 11 |
| 9 | 4,250 | BERRY PLASTICS TL Y | -0.26% | 95.32 | 95.57 | 13 |
| 10 | 4,200 | JOHNSON CONTROLS INTL PUBLIC LTD CO TL | 1.25% | 90.19 | 89.08 | 11 |
| 11 | 4,197 | AKZONOBEL TL B | 0.63% | 93.28 | 92.70 | 11 |
| 12 | 3,861 | PETSMART CONSENTED TL B2 | -0.49% | 96.98 | 97.46 | 11 |
| 13 | 3,575 | STARS GROUP TL B | -0.31% | 97.53 | 97.83 | 12 |
| 14 | 3,524 | TRANSDIGM INC. TL F | 0.62% | 87.37 | 86.83 | 16 |
| 15 | 3,325 | CINEWORLD TL B | 0.02% | 61.20 | 61.18 | 14 |
| 16 | 3,300 | BMC SOFTWARE TL B | 1.81% | 90.62 | 89.00 | 18 |
| 17 | 3,300 | NTL CABLE PLC TL N | -0.71% | 94.28 | 94.95 | 12 |
| 18 | 3,275 | SCIENTIFIC GAMES TL B5 | 1.39% | 83.28 | 82.14 | 13 |
| 19 | 3,210 | HUB INTL LTD TL B | -0.18% | 93.90 | 94.07 | 11 |
| 20 | 3,165 | MULTIPLAN TL B | 0.31% | 92.42 | 92.13 | 10 |
| AVERAGE | 4,475 | -0.23% | 89.90 | 90.06 | 12.5 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 5/8/20 – 5/15/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | IMAGINA MEDIA AUDIOVISUAL SL 2ND LIEN EUR TL | 38.03% | 67.31 | 48.77 |
| 2 | EPIC CRUDE TL B | 10.67% | 64.99 | 58.72 |
| 3 | NEOVIA TL | 9.59% | 82.38 | 75.18 |
| 4 | INFOGROUP TL | 8.91% | 78.00 | 71.62 |
| 5 | AGROFRESH TL B | 8.69% | 89.18 | 82.06 |
| 6 | SUTHERLAND GLOBAL SVCS INC TL B | 7.98% | 75.89 | 70.28 |
| 7 | CONSOL MINING TL B | 7.78% | 63.73 | 59.13 |
| 8 | FAERCH PLAST GBP TL B | 7.73% | 87.28 | 81.02 |
| 9 | LEARFIELD TL | 7.71% | 64.67 | 60.04 |
| 10 | NEP 2ND LIEN TL | 7.32% | 66.60 | 62.06 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 5/8/20 – 5/15/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | UTEX TL B | -19.71% | 26.20 | 32.64 |
| 2 | PREMIERE GLOBAL TL | -16.70% | 47.75 | 57.32 |
| 3 | ANASTASIA BEVERLY HILLS TL B | -11.59% | 32.92 | 37.24 |
| 4 | JCREW NON-CONSENTED TL B | -10.33% | 45.70 | 50.97 |
| 5 | DOUGLAS HOLDING EUR TL B1 | -7.81% | 68.61 | 74.43 |
| 6 | AMERICAN AIRLINES TL B | -6.75% | 69.14 | 74.14 |
| 7 | ENTRANS TL | -6.63% | 69.40 | 74.33 |
| 8 | ENVISION HEALTHCARE TL B | -5.84% | 64.32 | 68.31 |
| 9 | ULTRA PETROL CORP EXIT TL | -4.72% | 63.18 | 66.31 |
| 10 | STAPLES TL B1 | -4.08% | 80.54 | 83.97 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 5/8/20 – 5/15/20 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 5/8/20 – 5/15/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 5/8/20 vs. the week ending 5/15/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | CALIFORNIA PIZZA TL | 17 | 45 | 28 | 165% |
| 2 | GRAY TELEVISION TL C | 36 | 58 | 22 | 61% |
| 3 | WASH LAUNDRY TL | 4 | 26 | 22 | 550% |
| 4 | IQOR TL B | 23 | 44 | 21 | 91% |
| 5 | CSC SERVICEWORKS INC TL B | 36 | 57 | 21 | 58% |
| 6 | GENESEE & WYOMING TL | 36 | 56 | 20 | 56% |
| 7 | LUCID ENERGY TL B | 4 | 23 | 19 | 475% |
| 8 | HARGRY TL | 24 | 42 | 18 | 75% |
| 9 | ENVISION HEALTHCARE TL B | 18 | 36 | 18 | 100% |
| 10 | BJ’S TL B | 50 | 68 | 18 | 36% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 5/8/20 – 5/15/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | HERTZ TL | 19 |
| 2 | VERISURE EUR TL B1 | 19 |
| 3 | BMC SOFTWARE TL B | 18 |
| 4 | PEAK 10 TL | 17 |
| 5 | ENVISION HEALTHCARE TL B | 16 |
| 6 | AMC ENTERTAINMENT TL B1 | 16 |
| 7 | EIRCOM FINCO SARL EUR TL B | 16 |
| 8 | AVIS BUDGET TL B | 16 |
| 9 | TRANSDIGM INC. TL F | 16 |
| 10 | GTT COMMUNICATIONS TL B | 16 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 5/8/20 – 5/15/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 5/8/20 – 5/15/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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