Syndicated Bank Loan Market Summary – Week Ending 6/11/21
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Syndicated Bank Loan Market Summary: Week Ending 6/11/21
J. Jill Group’s 5% 5/8/2024 bond price increased 6.3% from $72.37 to $77.55 following an earnings report indicating sales soared by 33% in the fiscal quarter ending May 2021 as retail sales continue to rebound as the U.S. reopens.. Limetree Bay saw a -4.2% decline from $88.60 to $84.92 as company could be facing bankruptcy following failure to pay on loan payments and withdrawal from many investors..
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 6/4/21 – 6/11/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | 0.10% | 85.30 | 85.21 | 15 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | 0.03% | 99.99 | 99.97 | 11 |
| 3 | 5,000 | QWEST CORPORATION TL B | 0.08% | 99.16 | 99.07 | 11 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | 0.19% | 101.16 | 100.97 | 13 |
| 5 | 4,750 | ZAYO TL | 0.10% | 99.35 | 99.25 | 14 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.11% | 99.36 | 99.25 | 14 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.04% | 99.70 | 99.66 | 13 |
| 8 | 4,197 | AKZONOBEL TL B | 0.16% | 99.34 | 99.18 | 10 |
| 9 | 3,582 | MISYS TL B | -0.02% | 98.68 | 98.70 | 14 |
| 10 | 3,575 | STARS GROUP TL B | 0.10% | 100.43 | 100.34 | 14 |
| 11 | 3,524 | TRANSDIGM INC. TL F | 0.14% | 98.78 | 98.64 | 15 |
| 12 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.08% | 100.11 | 100.02 | 14 |
| 13 | 3,380 | SOLERA TL B | 0.22% | 100.46 | 100.24 | 13 |
| 14 | 3,338 | ASURION TL B6 | -0.03% | 99.55 | 99.57 | 10 |
| 15 | 3,325 | CINEWORLD TL B | 1.07% | 88.31 | 87.37 | 14 |
| 16 | 3,312 | HUB INTL LTD TL B | 0.11% | 99.09 | 98.98 | 16 |
| 17 | 3,300 | NTL CABLE PLC TL N | 0.03% | 99.47 | 99.45 | 12 |
| 18 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.01% | 99.02 | 99.00 | 12 |
| 19 | 3,165 | MULTIPLAN TL B | 0.03% | 99.87 | 99.84 | 13 |
| 20 | 3,100 | JAZZ PHARMA TL B | 0.03% | 100.51 | 100.48 | 10 |
| AVERAGE | 3,958 | 0.13% | 98.38 | 98.26 | 12.9 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 6/4/21 – 6/11/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | ANASTASIA BEVERLY HILLS TL B | 7.16% | 77.55 | 72.37 |
| 2 | JILL PIK TL | 6.35% | 76.55 | 71.98 |
| 3 | TORTOISE INVESTMENT TL | 4.25% | 68.15 | 65.37 |
| 4 | UNITED ROAD SERVICES TL | 4.24% | 86.09 | 82.58 |
| 5 | DONCASTERS PIK TL | 3.41% | 85.72 | 82.90 |
| 6 | GEO GROUP TL B | 3.23% | 87.51 | 84.77 |
| 7 | IMAGINA MEDIA AUDIOVISUAL SL EUR TL B2 | 2.61% | 94.46 | 92.06 |
| 8 | EASTERN POWER TL B | 2.54% | 89.76 | 87.54 |
| 9 | IMAGINA MEDIA AUDIOVISUAL SL EUR TL A2 | 2.13% | 95.24 | 93.25 |
| 10 | LUMILEDS TL B | 1.96% | 80.97 | 79.41 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 6/4/21 – 6/11/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | LIMETREE BAY TL B | -4.16% | 84.92 | 88.61 |
| 2 | GTT COMMUNICATIONS TL B | -2.41% | 79.25 | 81.21 |
| 3 | RSA SECURITY LLC DD 2ND LIEN TL | -2.00% | 97.93 | 99.93 |
| 4 | LIGHTSTONE GENERATION LLC TL C | -1.16% | 67.99 | 68.79 |
| 5 | CLARION EVENTS GBP TL | -0.90% | 93.08 | 93.93 |
| 6 | REVERE POWER TL B | -0.59% | 93.54 | 94.09 |
| 7 | PANDA HUMMEL DD TL B2 | -0.53% | 94.25 | 94.75 |
| 8 | SCOUT24 EUR TL B | -0.51% | 98.60 | 99.11 |
| 9 | ALSTOM SA TL B2 | -0.51% | 81.56 | 81.98 |
| 10 | MERLIN ENTERTAINMENTS EUR TL B | -0.49% | 96.14 | 96.60 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 6/4/21 – 6/11/21 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 6/4/21 – 6/11/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 6/4/21 vs. the week ending 6/11/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | INDEPENDENT VETCARE GBP TL B | 16 | 70 | 54 | 338% |
| 2 | INDEPENDENT VETCARE EUR TL B2 | 28 | 70 | 42 | 150% |
| 3 | MEHILAINEN EUR TL B2 | 30 | 68 | 38 | 127% |
| 4 | EASTERN POWER TL B | 68 | 106 | 38 | 56% |
| 5 | ELSAN GROUPE EXT EUR TL B | 22 | 60 | 38 | 173% |
| 6 | GRAHAM PACKAGING TL B | 58 | 96 | 38 | 66% |
| 7 | BERRY PLASTICS TL Z | 68 | 106 | 38 | 56% |
| 8 | TECTUM HOLDINGS INC TL B | 90 | 128 | 38 | 42% |
| 9 | SURGEY CENTER TL | 62 | 98 | 36 | 58% |
| 10 | NESTLE SKIN HEALTH EUR TL B | 24 | 60 | 36 | 150% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 6/4/21 – 6/11/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | LUMILEDS TL B | 20 |
| 2 | SIGMA BIDCO EUR TL B1 | 19 |
| 3 | TELENET EUR TL | 19 |
| 4 | BIOGROUP DD EUR TL B | 19 |
| 5 | VERISURE EUR TL B | 18 |
| 6 | ELSAN GROUPE EUR TL B | 18 |
| 7 | CERBA HEALTHCARE EUR TL B | 18 |
| 8 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 9 | ZIGGO EUR TL H | 18 |
| 10 | TECHEM EUR TL B4 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 6/4/21 – 6/11/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 6/4/21 – 6/11/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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