Syndicated Bank Loan Market Summary – Week Ending 6/12/20
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Syndicated Bank Loan Market Summary: Week Ending 6/12/20
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 6/5/20 – 6/12/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | 9.41% | 71.87 | 65.69 | 16 |
| 2 | 4,750 | DELL TL B | -0.52% | 97.95 | 98.47 | 15 |
| 3 | 4,750 | ZAYO TL | -1.24% | 96.51 | 97.73 | 12 |
| 4 | 4,700 | CAESARS RESORT COLLECTION TL | -0.05% | 92.68 | 92.73 | 11 |
| 5 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.45% | 98.49 | 98.93 | 10 |
| 6 | 4,250 | BERRY PLASTICS TL Y | -0.61% | 97.23 | 97.83 | 13 |
| 7 | 4,200 | JOHNSON CONTROLS INTL PUBLIC LTD CO TL | 0.22% | 97.45 | 97.24 | 11 |
| 8 | 4,197 | AKZONOBEL TL B | -0.24% | 96.26 | 96.49 | 12 |
| 9 | 4,000 | T-MOBILE USA TL B | -0.25% | 100.02 | 100.28 | 11 |
| 10 | 3,582 | MISYS TL B | -2.62% | 90.08 | 92.51 | 13 |
| 11 | 3,575 | STARS GROUP TL B | -0.02% | 99.40 | 99.42 | 12 |
| 12 | 3,524 | TRANSDIGM INC. TL F | -1.36% | 93.71 | 95.00 | 16 |
| 13 | 3,415 | ENDO HEALTH TL B | -0.34% | 94.64 | 94.96 | 12 |
| 14 | 3,325 | CINEWORLD TL B | -1.48% | 78.50 | 79.68 | 13 |
| 15 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.16% | 97.02 | 96.87 | 10 |
| 16 | 3,312 | HUB INTL LTD TL B | -0.31% | 97.03 | 97.33 | 11 |
| 17 | 3,300 | BMC SOFTWARE TL B | -1.18% | 95.64 | 96.78 | 17 |
| 18 | 3,300 | NTL CABLE PLC TL N | -0.93% | 97.09 | 98.00 | 10 |
| 19 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.47% | 91.32 | 90.89 | 12 |
| 20 | 3,165 | MULTIPLAN TL B | -0.48% | 96.01 | 96.47 | 10 |
| AVERAGE | 3,897 | -0.09% | 93.95 | 94.16 | 12.4 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 6/5/20 – 6/12/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | ASCENA RETAIL TL B | 34.80% | 32.00 | 23.74 |
| 2 | TECHNICOLOR TL B | 19.01% | 42.25 | 35.50 |
| 3 | ACCURIDE TL B | 16.24% | 50.74 | 43.65 |
| 4 | ALLIANCE HEALTH TL B | 15.88% | 63.48 | 54.78 |
| 5 | SHAPE TECHNOLOGIES TL | 13.67% | 77.00 | 67.74 |
| 6 | AMERICAN AIRLINES TL B | 13.63% | 80.40 | 70.75 |
| 7 | SYNCREON TL B | 13.22% | 68.60 | 60.60 |
| 8 | EMERALD EXPOSITIONS TL B | 12.69% | 87.38 | 77.54 |
| 9 | CRESTWOOD MIDSTREAM TL B | 12.39% | 63.83 | 56.79 |
| 10 | TENSAR 2ND LIEN TL | 12.21% | 74.27 | 66.19 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 6/5/20 – 6/12/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | MENS WEARHOUSE TL B | -12.38% | 22.22 | 25.35 |
| 2 | DUEMMEN ORANGE EUR TL B | -9.68% | 35.42 | 39.21 |
| 3 | MEDICAL DEPOT TL | -7.53% | 55.42 | 59.93 |
| 4 | ANCHOR GLASS 2ND LIEN TL | -6.11% | 28.09 | 29.92 |
| 5 | 24 HOUR FITNESS TL B | -5.20% | 27.72 | 29.24 |
| 6 | BELK EXT TL B | -5.08% | 27.69 | 29.17 |
| 7 | FLY LEASING TL | -3.07% | 84.80 | 87.49 |
| 8 | MISYS TL B | -2.62% | 90.08 | 92.51 |
| 9 | SIVANTOS EXT EUR TL B1 | -2.19% | 91.60 | 93.66 |
| 10 | CERAMTEC EUR TL B | -1.93% | 93.66 | 95.50 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 6/5/20 – 6/12/20 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 6/5/20 – 6/12/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 6/5/20 vs. the week ending 6/12/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | BMC SOFTWARE EUR TL B | 16 | 30 | 14 | 88% |
| 2 | AMER SPORTS EUR TL B | 2 | 15 | 13 | 650% |
| 3 | SIVANTOS EUR TL B1 | 16 | 28 | 12 | 75% |
| 4 | ZIGGO EUR TL H | 20 | 32 | 12 | 60% |
| 5 | STARS GROUP EUR TL B | 18 | 28 | 10 | 56% |
| 6 | CAPROCK MIDSTREAM TL B | 14 | 24 | 10 | 71% |
| 7 | CINEMARK TL B | 30 | 40 | 10 | 33% |
| 8 | COBHAM EUR TL B | 8 | 18 | 10 | 125% |
| 9 | FRONERI EUR TL B | 6 | 16 | 10 | 167% |
| 10 | IGM RESIN EUR TL | 7 | 17 | 10 | 143% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 6/5/20 – 6/12/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | HERTZ TL | 19 |
| 2 | ACTION NEDERLAND EUR TL B | 18 |
| 3 | AMC ENTERTAINMENT TL B1 | 17 |
| 4 | BMC SOFTWARE TL B | 17 |
| 5 | VERISURE EUR TL B1 | 16 |
| 6 | TRANSDIGM INC. TL F | 16 |
| 7 | GTT COMMUNICATIONS TL B | 16 |
| 8 | ENVISION HEALTHCARE TL B | 16 |
| 9 | AMERICAN AIRLINES TL B | 15 |
| 10 | TRANSDIGM INC. TL G | 15 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 6/5/20 – 6/12/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 6/5/20 – 6/12/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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