Syndicated Bank Loan Market Summary – Week Ending 7/24/20
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 7/24/20
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 7/17/20 – 7/24/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -0.03% | 65.02 | 65.04 | 14 |
| 2 | 4,750 | DELL TL B | 0.24% | 98.74 | 98.51 | 14 |
| 3 | 4,750 | ZAYO TL | 0.65% | 97.05 | 96.42 | 11 |
| 4 | 4,700 | CAESARS RESORT COLLECTION TL | 2.65% | 91.47 | 89.11 | 12 |
| 5 | 4,250 | BERRY PLASTICS TL Y | 0.78% | 97.41 | 96.65 | 13 |
| 6 | 4,197 | AKZONOBEL TL B | 0.35% | 97.26 | 96.92 | 10 |
| 7 | 4,000 | T-MOBILE USA TL B | 0.15% | 100.34 | 100.19 | 14 |
| 8 | 3,861 | PETSMART CONSENTED TL B2 | 0.00% | 99.43 | 99.44 | 10 |
| 9 | 3,582 | MISYS TL B | 1.22% | 91.97 | 90.86 | 12 |
| 10 | 3,575 | STARS GROUP TL B | 0.01% | 99.96 | 99.94 | 10 |
| 11 | 3,524 | TRANSDIGM INC. TL F | 1.86% | 93.77 | 92.05 | 13 |
| 12 | 3,325 | CINEWORLD TL B | -2.85% | 69.17 | 71.20 | 13 |
| 13 | 3,300 | BMC SOFTWARE TL B | 0.84% | 96.95 | 96.15 | 14 |
| 14 | 3,300 | NTL CABLE PLC TL N | 0.51% | 97.32 | 96.83 | 12 |
| 15 | 3,275 | SCIENTIFIC GAMES TL B5 | 2.09% | 91.30 | 89.43 | 12 |
| 16 | 3,165 | MULTIPLAN TL B | 0.33% | 98.21 | 97.89 | 10 |
| 17 | 3,161 | JAGUAR HOLDING CO I TL | 0.20% | 99.61 | 99.41 | 13 |
| 18 | 3,100 | COLORADO BUYER 2ND LIEN TL | -1.00% | 36.13 | 36.49 | 13 |
| 19 | 2,970 | BASS PRO SHOPS TL B | 2.14% | 99.64 | 97.55 | 10 |
| 20 | 2,945 | ULTIMATE SOFTWARE TL | 0.12% | 99.78 | 99.67 | 12 |
| AVERAGE | 3,759 | 0.51% | 91.03 | 90.49 | 12.1 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 7/17/20 – 7/24/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | AT HOME STORES TL B | 12.47% | 78.99 | 70.23 |
| 2 | IQOR TL B | 9.42% | 63.12 | 57.69 |
| 3 | HOLLAND & BARRETT EUR TL B | 8.66% | 73.58 | 67.72 |
| 4 | INDIVIOR TL B | 7.54% | 93.81 | 87.23 |
| 5 | ROBERTSHAW TL | 6.42% | 82.57 | 77.59 |
| 6 | SURGEY CENTER TL | 5.87% | 94.25 | 89.03 |
| 7 | LIFEMILES TL B | 5.27% | 82.38 | 78.25 |
| 8 | CLUB CORP TL B | 3.82% | 87.80 | 84.57 |
| 9 | US ANESTHESIA TL B | 3.52% | 92.61 | 89.46 |
| 10 | EQUINOX HLDGS INC TL B | 3.39% | 76.98 | 74.46 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/17/20 – 7/24/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | AMERICAN GAMING TL B | -10.14% | 86.97 | 96.78 |
| 2 | MCDERMOTT EXIT TL | -5.32% | 79.53 | 84.00 |
| 3 | ASCENA RETAIL TL B | -5.12% | 33.48 | 35.29 |
| 4 | SECURUS TL | -5.06% | 76.34 | 80.41 |
| 5 | VUE INTERNATIONAL BIDCO PLC EUR TL B | -3.85% | 81.00 | 84.24 |
| 6 | AREAS EUR TL B1 | -3.30% | 75.50 | 78.07 |
| 7 | CSM BAKERY TL B | -3.25% | 92.75 | 95.86 |
| 8 | CLARION EVENTS GBP TL | -3.12% | 79.53 | 82.10 |
| 9 | CINEWORLD TL B | -2.85% | 69.17 | 71.20 |
| 10 | TRAVELPORT TL B | -2.54% | 61.51 | 63.11 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 7/17/20 – 7/24/20 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 7/17/20 – 7/24/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 7/17/20 vs. the week ending 7/24/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | EIRCOM FINCO SARL EUR TL B | 36 | 60 | 24 | 67% |
| 2 | BMC SOFTWARE EUR TL B | 28 | 48 | 20 | 71% |
| 3 | SIGMA BIDCO EUR TL B | 30 | 50 | 20 | 67% |
| 4 | JANE STREET TL B | 14 | 32 | 18 | 129% |
| 5 | VERISURE EUR TL B | 26 | 42 | 16 | 62% |
| 6 | SANDY CREEK TL B | 10 | 25 | 15 | 150% |
| 7 | SOLERA TL B | 49 | 64 | 15 | 31% |
| 8 | SURF HOLDINGS TL B | 26 | 41 | 15 | 58% |
| 9 | POWER SOLUTIONS EUR TL B | 22 | 36 | 14 | 64% |
| 10 | ULTRA PETROL CORP EXIT TL | 16 | 30 | 14 | 88% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 7/17/20 – 7/24/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | VERISURE EUR TL B1 | 18 |
| 2 | VERISURE EUR TL B | 18 |
| 3 | AMC ENTERTAINMENT TL B1 | 17 |
| 4 | TECHEM EUR TL B | 17 |
| 5 | EIRCOM FINCO SARL EUR TL B | 17 |
| 6 | THYSSENKRUPP AG EUR TL B | 17 |
| 7 | HERTZ TL | 17 |
| 8 | AKZONOBEL EUR TL B | 16 |
| 9 | GTT COMMUNICATIONS TL B | 16 |
| 10 | ACADEMY SPORTS TL B | 16 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 7/17/20 – 7/24/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 7/17/20 – 7/24/20 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.
