Syndicated Bank Loan Market Summary – Week Ending 7/10/20
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Syndicated Bank Loan Market Summary: Week Ending 7/10/20
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 7/2/20 – 7/10/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -2.16% | 65.30 | 66.74 | 15 |
| 2 | 5,000 | QWEST CORPORATION TL B | 0.32% | 95.00 | 94.70 | 10 |
| 3 | 4,750 | ZAYO TL | 0.20% | 95.90 | 95.70 | 12 |
| 4 | 4,750 | DELL TL B | 0.17% | 98.11 | 97.94 | 14 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL | -0.60% | 88.63 | 89.17 | 12 |
| 6 | 4,250 | BERRY PLASTICS TL Y | 0.09% | 96.20 | 96.12 | 12 |
| 7 | 4,200 | JOHNSON CONTROLS INTL PUBLIC LTD CO TL | -0.24% | 94.92 | 95.15 | 10 |
| 8 | 4,197 | AKZONOBEL TL B | 1.45% | 95.87 | 94.50 | 11 |
| 9 | 4,000 | T-MOBILE USA TL B | 0.06% | 99.95 | 99.89 | 13 |
| 10 | 3,861 | PETSMART CONSENTED TL B2 | 0.15% | 99.08 | 98.93 | 10 |
| 11 | 3,582 | MISYS TL B | 0.92% | 89.34 | 88.52 | 12 |
| 12 | 3,575 | STARS GROUP TL B | 0.09% | 99.48 | 99.39 | 11 |
| 13 | 3,524 | TRANSDIGM INC. TL F | 1.09% | 91.87 | 90.88 | 15 |
| 14 | 3,415 | ENDO HEALTH TL B | 0.34% | 94.98 | 94.66 | 10 |
| 15 | 3,325 | CINEWORLD TL B | -2.42% | 73.17 | 74.99 | 14 |
| 16 | 3,300 | BMC SOFTWARE TL B | 0.35% | 95.42 | 95.10 | 15 |
| 17 | 3,300 | NTL CABLE PLC TL N | 0.20% | 96.25 | 96.05 | 12 |
| 18 | 3,275 | SCIENTIFIC GAMES TL B5 | 1.04% | 89.52 | 88.60 | 11 |
| 19 | 3,165 | MULTIPLAN TL B | 0.18% | 95.22 | 95.05 | 10 |
| 20 | 3,161 | JAGUAR HOLDING CO I TL | 0.35% | 98.97 | 98.63 | 12 |
| AVERAGE | 3,939 | 0.08% | 92.66 | 92.53 | 12.1 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 7/2/20 – 7/10/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | LIGHTSQUARED EXIT PIK TL | 20.51% | 91.00 | 75.51 |
| 2 | ANASTASIA BEVERLY HILLS TL B | 16.53% | 39.30 | 33.72 |
| 3 | NPC TL | 8.96% | 54.53 | 50.04 |
| 4 | DIEBOLD TL A1 | 6.31% | 106.01 | 99.72 |
| 5 | TRAVEL LEADERS TL | 6.18% | 71.86 | 67.68 |
| 6 | RGIS TL | 5.29% | 65.70 | 62.40 |
| 7 | SPARTA SYSTEMS TL | 5.08% | 91.98 | 87.53 |
| 8 | JARDEN TL B | 4.74% | 82.15 | 78.43 |
| 9 | UNIMIN CORP TL | 3.98% | 60.18 | 57.87 |
| 10 | ACCURIDE TL B | 3.68% | 65.82 | 63.48 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/2/20 – 7/10/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | CHESAPEAKE ENERGY FLLO | -8.91% | 49.94 | 54.82 |
| 2 | NTL CABLE PLC GBP TL J | -7.82% | 97.51 | 105.78 |
| 3 | 24 HOUR FITNESS TL B | -6.80% | 22.30 | 23.92 |
| 4 | MITEL NETWORKS 2ND LIEN TL | -6.55% | 47.85 | 51.20 |
| 5 | ROBERTSHAW TL | -4.81% | 77.43 | 81.34 |
| 6 | AMERICAN AIRLINES TL B | -4.22% | 64.87 | 67.72 |
| 7 | GNC TL B2 | -4.11% | 69.00 | 71.96 |
| 8 | QUIKSILVER TL B | -3.82% | 57.71 | 60.00 |
| 9 | PLANTRONICS TL | -3.54% | 87.08 | 90.28 |
| 10 | CIRQUE DE SOLEIL TL B | -3.40% | 39.20 | 40.58 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 7/2/20 – 7/10/20 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 7/2/20 – 7/10/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 7/2/20 vs. the week ending 7/10/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | THYSSENKRUPP AG EUR TL B | 13 | 40 | 27 | 208% |
| 2 | TRANSDIGM INC. TL F | 38 | 64 | 26 | 68% |
| 3 | STAPLES TL B1 | 26 | 50 | 24 | 92% |
| 4 | STARS GROUP TL B | 22 | 46 | 24 | 109% |
| 5 | SOLENIS TL | 18 | 40 | 22 | 122% |
| 6 | ZAYO TL | 42 | 64 | 22 | 52% |
| 7 | CONVERGEONE TL B | 4 | 26 | 22 | 550% |
| 8 | HEARTLAND DENTAL TL | 14 | 35 | 21 | 150% |
| 9 | WEB.COM TL B | 16 | 37 | 21 | 131% |
| 10 | HUB INTL LTD TL B | 43 | 63 | 20 | 47% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 7/2/20 – 7/10/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | HERTZ TL | 19 |
| 2 | VERISURE EUR TL B1 | 18 |
| 3 | AMC ENTERTAINMENT TL B1 | 18 |
| 4 | TECHEM EUR TL B | 17 |
| 5 | WINDSTREAM SERVICES LLC TL B7 | 17 |
| 6 | VERISURE EUR TL B | 16 |
| 7 | EIRCOM FINCO SARL EUR TL B | 16 |
| 8 | THYSSENKRUPP AG EUR TL B | 16 |
| 9 | ACTION NEDERLAND EUR TL B | 16 |
| 10 | TELENET EUR TL A | 15 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 7/2/20 – 7/10/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 7/2/20 – 7/10/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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