Syndicated Bank Loan Market Summary – Week Ending 7/16/21
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Syndicated Bank Loan Market Summary: Week Ending 7/16/21
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 7/9/21 – 7/16/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | 0.03% | 85.25 | 85.23 | 13 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | 0.04% | 99.91 | 99.88 | 14 |
| 3 | 5,000 | QWEST CORPORATION TL B | 0.18% | 98.53 | 98.36 | 10 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | 0.04% | 101.27 | 101.23 | 13 |
| 5 | 4,750 | ZAYO TL | -0.15% | 98.63 | 98.79 | 16 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.05% | 99.15 | 99.10 | 13 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.04% | 99.59 | 99.55 | 13 |
| 8 | 3,582 | MISYS TL B | 0.39% | 98.75 | 98.37 | 14 |
| 9 | 3,575 | STARS GROUP TL B | -0.02% | 100.01 | 100.03 | 16 |
| 10 | 3,524 | TRANSDIGM INC. TL F | 0.07% | 98.53 | 98.46 | 14 |
| 11 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.01% | 99.74 | 99.74 | 13 |
| 12 | 3,500 | AMERICAN AIRLINES TL B | 0.32% | 104.30 | 103.97 | 11 |
| 13 | 3,380 | SOLERA TL B | -0.11% | 100.08 | 100.18 | 14 |
| 14 | 3,338 | ASURION TL B6 | -0.18% | 99.25 | 99.43 | 10 |
| 15 | 3,325 | CINEWORLD TL B | -5.51% | 82.08 | 86.87 | 12 |
| 16 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.03% | 99.84 | 99.82 | 10 |
| 17 | 3,312 | HUB INTL LTD TL B | -0.03% | 98.77 | 98.80 | 16 |
| 18 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -2.57% | 55.47 | 56.94 | 12 |
| 19 | 3,300 | NTL CABLE PLC TL N | -0.02% | 98.95 | 98.96 | 13 |
| 20 | 3,275 | SCIENTIFIC GAMES TL B5 | -0.03% | 99.18 | 99.20 | 12 |
| AVERAGE | 3,940 | -0.37% | 95.86 | 96.15 | 13.0 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 7/9/21 – 7/16/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | PEABODY ENERGY TL B | 6.67% | 70.49 | 66.08 |
| 2 | EXELA TL B | 5.57% | 78.15 | 74.03 |
| 3 | FIELDWOOD ENERGY TL | 4.07% | 53.15 | 51.07 |
| 4 | LIMETREE BAY TL B | 3.97% | 75.95 | 73.05 |
| 5 | DAYCO TL B | 2.48% | 97.11 | 94.76 |
| 6 | CONTURA ENERGY INC TL | 2.40% | 91.48 | 89.33 |
| 7 | PREIT ASSOCIATES EXIT 2ND LIEN TL | 1.66% | 43.95 | 43.23 |
| 8 | UNITED ROAD SERVICES TL | 1.20% | 89.48 | 88.43 |
| 9 | ENDO HEALTH TL B | 1.14% | 96.84 | 95.74 |
| 10 | LONESTAR II GENERATION HOLDINGS TL B | 1.05% | 99.38 | 98.35 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/9/21 – 7/16/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | PREMIERE GLOBAL TL | -8.28% | 39.39 | 42.94 |
| 2 | CINEWORLD TL B | -5.51% | 82.08 | 86.87 |
| 3 | AMC ENTERTAINMENT TL B1 | -3.81% | 89.84 | 93.39 |
| 4 | NATIONAL CINEMEDIA TL B | -3.36% | 91.48 | 94.66 |
| 5 | SINCLAIR BROADCAST GROUP INC. TL B | -2.57% | 55.47 | 56.94 |
| 6 | STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 | -2.05% | 73.28 | 74.82 |
| 7 | EQUINOX HLDGS INC TL B | -1.79% | 93.79 | 95.51 |
| 8 | TRAVELPORT TL B | -1.71% | 88.09 | 89.62 |
| 9 | STADIUM MANAGEMENT TL B | -1.17% | 95.25 | 96.38 |
| 10 | LUMILEDS TL B | -1.15% | 82.75 | 83.72 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 7/9/21 – 7/16/21 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 7/9/21 – 7/16/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 7/9/21 vs. the week ending 7/16/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | WEST CORP TL B | 36 | 78 | 42 | 117% |
| 2 | GOLDEN NUGGET INC TL B | 61 | 102 | 41 | 67% |
| 3 | WEST CORP TL B1 | 34 | 74 | 40 | 118% |
| 4 | EXGEN RENEWABLES I TL B | 24 | 62 | 38 | 158% |
| 5 | BURLINGTON COAT FACTORY TL B | 18 | 56 | 38 | 211% |
| 6 | HUB INTL LTD TL B2 | 92 | 128 | 36 | 39% |
| 7 | UNIVISION TL B | 34 | 70 | 36 | 106% |
| 8 | US FOODS TL B | 64 | 100 | 36 | 56% |
| 9 | HUSKY INJECTION MOLDING TL B | 73 | 108 | 35 | 48% |
| 10 | JO-ANN STORES TL B | 36 | 70 | 34 | 94% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 7/9/21 – 7/16/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | LUMILEDS TL B | 22 |
| 2 | ELSAN GROUPE EXT EUR TL B | 19 |
| 3 | BIOGROUP DD EUR TL B | 19 |
| 4 | VERISURE EUR TL B | 18 |
| 5 | SYNLAB EUR TL B5 | 18 |
| 6 | CERBA HEALTHCARE EUR TL B | 18 |
| 7 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 8 | ZIGGO EUR TL H | 18 |
| 9 | TECHEM EUR TL B4 | 18 |
| 10 | RACKSPACE HOSTING TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 7/9/21 – 7/16/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 7/9/21 – 7/16/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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