Syndicated Bank Loan Market Summary – Week Ending 6/4/21
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Syndicated Bank Loan Market Summary: Week Ending 6/4/21
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 5/28/21 – 6/4/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -0.13% | 85.21 | 85.32 | 13 |
| 2 | 5,000 | QWEST CORPORATION TL B | 0.01% | 99.07 | 99.07 | 11 |
| 3 | 5,000 | UNITED CONTINENTAL TL B | 0.15% | 100.97 | 100.82 | 12 |
| 4 | 4,750 | ZAYO TL | 0.01% | 99.25 | 99.24 | 14 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.07% | 99.25 | 99.18 | 13 |
| 6 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.07% | 99.66 | 99.59 | 13 |
| 7 | 4,475 | UNIVISION TL C5 | 0.11% | 99.90 | 99.79 | 12 |
| 8 | 3,582 | MISYS TL B | 0.02% | 98.70 | 98.68 | 15 |
| 9 | 3,575 | STARS GROUP TL B | 0.00% | 100.34 | 100.34 | 14 |
| 10 | 3,524 | TRANSDIGM INC. TL F | -0.04% | 98.64 | 98.68 | 14 |
| 11 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.05% | 100.02 | 99.98 | 13 |
| 12 | 3,338 | ASURION TL B6 | -0.18% | 99.57 | 99.75 | 10 |
| 13 | 3,325 | CINEWORLD TL B | 0.72% | 87.37 | 86.75 | 13 |
| 14 | 3,312 | HUB INTL LTD TL B | 0.02% | 98.98 | 98.96 | 16 |
| 15 | 3,300 | NTL CABLE PLC TL N | 0.07% | 99.45 | 99.38 | 12 |
| 16 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.03% | 99.00 | 98.97 | 11 |
| 17 | 3,165 | MULTIPLAN TL B | -0.02% | 99.84 | 99.86 | 13 |
| 18 | 3,100 | COLORADO BUYER 2ND LIEN TL | 0.00% | 98.59 | 98.59 | 10 |
| 19 | 3,100 | JAZZ PHARMA TL B | 0.03% | 100.48 | 100.44 | 10 |
| 20 | 3,100 | ASURION TL B8 | -0.43% | 99.05 | 99.48 | 10 |
| AVERAGE | 3,858 | 0.03% | 98.17 | 98.14 | 12.5 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 5/28/21 – 6/4/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | EXELA TL B | 8.49% | 39.44 | 36.36 |
| 2 | LUMILEDS TL B | 5.86% | 79.41 | 75.02 |
| 3 | SONICWALL 2ND LIEN TL | 4.14% | 97.33 | 93.47 |
| 4 | TORTOISE INVESTMENT TL | 2.93% | 65.37 | 63.51 |
| 5 | UNITED ROAD SERVICES TL | 2.87% | 82.58 | 80.28 |
| 6 | EPIC CRUDE TL B | 2.01% | 74.14 | 72.67 |
| 7 | VUE INTERNATIONAL BIDCO PLC EUR TL B | 1.81% | 94.60 | 92.91 |
| 8 | ANASTASIA BEVERLY HILLS TL B | 1.26% | 72.37 | 71.47 |
| 9 | PITNEY BOWES TL B | 1.26% | 99.18 | 97.94 |
| 10 | ODYSSEY LOGISTICS & TECHNOLOGY 2ND LIEN TL | 1.13% | 92.00 | 90.97 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 5/28/21 – 6/4/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | LIGHTSTONE GENERATION LLC TL C | -14.13% | 68.79 | 80.11 |
| 2 | GENON ENERGY INC TL B | -8.84% | 82.35 | 90.34 |
| 3 | AT&T COLOCATION TL | -5.40% | 84.16 | 88.96 |
| 4 | OREGON CLEAN ENERGY TL | -5.08% | 91.08 | 95.95 |
| 5 | ESSENTIAL POWER TL B | -5.00% | 92.60 | 97.46 |
| 6 | EASTERN POWER TL B | -4.57% | 87.54 | 91.73 |
| 7 | HERITAGE POWER TL B | -4.47% | 89.31 | 93.49 |
| 8 | TALEN ENERGY SUPPLY LLC TL B | -4.22% | 93.87 | 98.00 |
| 9 | CPV SHORE TL B | -3.61% | 91.30 | 94.72 |
| 10 | GRANITE ENERGY TL B | -3.56% | 96.42 | 99.99 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 5/28/21 – 6/4/21 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 5/28/21 – 6/4/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 5/28/21 vs. the week ending 6/4/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | DT MIDSTREAM TL B | 26 | 50 | 24 | 92% |
| 2 | TRICO PRODUCTS TL B | 10 | 30 | 20 | 200% |
| 3 | WIPRO DATA CENTRE & CLOUD SERVICES INC TL B | 23 | 40 | 17 | 74% |
| 4 | PAYSAFE EUR TL B2 | 16 | 32 | 16 | 100% |
| 5 | INTEL EUR TL | 8 | 24 | 16 | 200% |
| 6 | AHLSELL EUR TL B | 8 | 24 | 16 | 200% |
| 7 | JAZZ PHARMA EUR TL B | 22 | 36 | 14 | 64% |
| 8 | HYPERION EUR TL B | 12 | 24 | 12 | 100% |
| 9 | CIBT HOLDINGS 2ND LIEN TL | 18 | 28 | 10 | 56% |
| 10 | PETVET TL B3 | 23 | 33 | 10 | 43% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 5/28/21 – 6/4/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | LUMILEDS TL B | 19 |
| 2 | SIGMA BIDCO EUR TL B1 | 19 |
| 3 | TELENET EUR TL | 19 |
| 4 | BIOGROUP DD EUR TL B | 19 |
| 5 | ELSAN GROUPE EUR TL B | 18 |
| 6 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 7 | ZIGGO EUR TL H | 18 |
| 8 | TECHEM EUR TL B4 | 18 |
| 9 | BANIJAY GROUP EUR TL B | 18 |
| 10 | VERISURE EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 5/28/21 – 6/4/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 5/28/21 – 6/4/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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