Syndicated Bank Loan Market Summary – Week Ending 7/17/20
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 7/17/20
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 7/10/20 – 7/17/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -0.40% | 65.04 | 65.30 | 14 |
| 2 | 5,000 | QWEST CORPORATION TL B | 0.96% | 95.92 | 95.00 | 10 |
| 3 | 4,750 | DELL TL B | 0.41% | 98.51 | 98.11 | 14 |
| 4 | 4,750 | ZAYO TL | 0.55% | 96.42 | 95.90 | 11 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL | 0.55% | 89.11 | 88.63 | 12 |
| 6 | 4,250 | BERRY PLASTICS TL Y | 0.47% | 96.65 | 96.20 | 13 |
| 7 | 4,197 | AKZONOBEL TL B | 1.10% | 96.92 | 95.87 | 11 |
| 8 | 4,000 | T-MOBILE USA TL B | 0.23% | 100.19 | 99.95 | 13 |
| 9 | 3,861 | PETSMART CONSENTED TL B2 | 0.36% | 99.44 | 99.08 | 10 |
| 10 | 3,582 | MISYS TL B | 1.71% | 90.86 | 89.34 | 12 |
| 11 | 3,575 | STARS GROUP TL B | 0.47% | 99.94 | 99.48 | 10 |
| 12 | 3,524 | TRANSDIGM INC. TL F | 0.20% | 92.05 | 91.87 | 14 |
| 13 | 3,325 | CINEWORLD TL B | -2.70% | 71.20 | 73.17 | 14 |
| 14 | 3,300 | BMC SOFTWARE TL B | 0.76% | 96.15 | 95.42 | 14 |
| 15 | 3,300 | NTL CABLE PLC TL N | 0.61% | 96.83 | 96.25 | 12 |
| 16 | 3,275 | SCIENTIFIC GAMES TL B5 | -0.11% | 89.43 | 89.52 | 12 |
| 17 | 3,165 | MULTIPLAN TL B | 2.81% | 97.89 | 95.22 | 10 |
| 18 | 3,161 | JAGUAR HOLDING CO I TL | 0.44% | 99.41 | 98.97 | 12 |
| 19 | 3,100 | COLORADO BUYER 2ND LIEN TL | 3.96% | 36.49 | 35.10 | 12 |
| 20 | 2,970 | BASS PRO SHOPS TL B | 1.35% | 97.55 | 96.25 | 10 |
| AVERAGE | 3,862 | 0.69% | 90.30 | 89.73 | 12.0 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 7/10/20 – 7/17/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | CIRQUE DE SOLEIL TL B | 22.45% | 48.00 | 39.20 |
| 2 | JO-ANN STORES TL B | 20.69% | 72.22 | 59.84 |
| 3 | FOGO DE CHAO TL | 9.46% | 73.09 | 66.78 |
| 4 | GO WIRELESS TL | 4.16% | 83.89 | 80.54 |
| 5 | PGS TL B | 3.76% | 61.99 | 59.75 |
| 6 | LIFEMILES TL B | 3.39% | 78.25 | 75.68 |
| 7 | BOYD CORP 2ND LIEN TL | 3.17% | 71.03 | 68.85 |
| 8 | PRECYSE HEALTHCARE TL B | 3.02% | 86.40 | 83.86 |
| 9 | HOLLEY PURCHASER TL | 2.74% | 84.32 | 82.08 |
| 10 | METRO-GOLDWYN-MAYER 2ND LIEN TL | 2.41% | 97.37 | 95.08 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/10/20 – 7/17/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | EQUINOX HLDGS INC 2ND LIEN TL | -12.27% | 57.91 | 66.01 |
| 2 | DONCASTERS PIK TL | -11.20% | 36.41 | 41.00 |
| 3 | MILLER’S ALE HOUSE TL B | -9.09% | 63.64 | 70.00 |
| 4 | EIF VAN HOOK HOLDINGS TL B | -4.54% | 59.68 | 62.51 |
| 5 | CINEWORLD TL B | -4.14% | 68.75 | 71.72 |
| 6 | KINOVE TL B | -3.92% | 93.14 | 96.94 |
| 7 | LUMILEDS TL B | -3.90% | 40.21 | 41.84 |
| 8 | PERSTORP EUR TL | -3.60% | 87.02 | 90.27 |
| 9 | COTY EUR TL A | -3.10% | 85.35 | 88.09 |
| 10 | DAE AVIATION TL B2 | -2.74% | 80.28 | 82.54 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 7/10/20 – 7/17/20 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 7/10/20 – 7/17/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 7/10/20 vs. the week ending 7/17/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | AMC ENTERTAINMENT TL B1 | 24 | 54 | 30 | 125% |
| 2 | RIVERBED TL B | 40 | 63 | 23 | 58% |
| 3 | TRAVELPORT TL B | 16 | 39 | 23 | 144% |
| 4 | 24 HOUR FITNESS TL B | 15 | 36 | 21 | 140% |
| 5 | HARLAND CLARKE TL B7 | 34 | 55 | 21 | 62% |
| 6 | CLUB CORP TL B | 22 | 42 | 20 | 91% |
| 7 | EQUINOX HLDGS INC TL B | 36 | 54 | 18 | 50% |
| 8 | PLAYTIKA HOLDING CORP TL B | 24 | 42 | 18 | 75% |
| 9 | PEAK 10 TL | 17 | 34 | 17 | 100% |
| 10 | TEKNI-PLEX TL | 0 | 16 | 16 | N/A |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 7/10/20 – 7/17/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | VERISURE EUR TL B1 | 18 |
| 2 | VERISURE EUR TL B | 18 |
| 3 | AMC ENTERTAINMENT TL B1 | 18 |
| 4 | HERTZ TL | 18 |
| 5 | TECHEM EUR TL B | 17 |
| 6 | GTT COMMUNICATIONS TL B | 16 |
| 7 | EIRCOM FINCO SARL EUR TL B | 16 |
| 8 | THYSSENKRUPP AG EUR TL B | 16 |
| 9 | AMERICAN AIRLINES TL B | 16 |
| 10 | AKZONOBEL EUR TL B | 15 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 7/10/20 – 7/17/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 7/10/20 – 7/17/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
