Syndicated Bank Loan Market Summary – Week Ending 7/9/21
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 7/9/21
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 7/2/21 – 7/9/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -0.21% | 85.23 | 85.41 | 13 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | 0.02% | 99.88 | 99.85 | 14 |
| 3 | 5,000 | QWEST CORPORATION TL B | -0.15% | 98.36 | 98.51 | 10 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | -0.04% | 101.23 | 101.28 | 13 |
| 5 | 4,750 | ZAYO TL | -0.04% | 98.79 | 98.82 | 17 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.09% | 99.10 | 99.19 | 14 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | N/A | 99.55 | 99.55 | 13 |
| 8 | 4,197 | AKZONOBEL TL B | -0.13% | 99.04 | 99.17 | 10 |
| 9 | 3,582 | MISYS TL B | -0.02% | 98.37 | 98.39 | 14 |
| 10 | 3,575 | STARS GROUP TL B | -0.02% | 100.03 | 100.05 | 16 |
| 11 | 3,524 | TRANSDIGM INC. TL F | -0.02% | 98.46 | 98.48 | 15 |
| 12 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.01% | 99.74 | 99.74 | 14 |
| 13 | 3,500 | AMERICAN AIRLINES TL B | -0.25% | 103.97 | 104.23 | 10 |
| 14 | 3,380 | SOLERA TL B | -0.09% | 100.18 | 100.27 | 13 |
| 15 | 3,338 | ASURION TL B6 | -0.10% | 99.43 | 99.53 | 10 |
| 16 | 3,325 | CINEWORLD TL B | -0.75% | 86.87 | 87.52 | 12 |
| 17 | 3,312 | HUB INTL LTD TL B | -0.03% | 98.80 | 98.84 | 16 |
| 18 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -4.02% | 56.94 | 59.32 | 11 |
| 19 | 3,300 | NTL CABLE PLC TL N | -0.10% | 98.96 | 99.06 | 12 |
| 20 | 3,275 | SCIENTIFIC GAMES TL B5 | N/A | 99.20 | 99.21 | 13 |
| AVERAGE | 3,984 | -0.30% | 96.11 | 96.32 | 13.0 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 7/2/21 – 7/9/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | EXELA TL B | 8.64% | 74.03 | 68.14 |
| 2 | STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 | 4.42% | 74.82 | 71.65 |
| 3 | INNOVATIVE WATER 2ND LIEN TL | 3.82% | 99.67 | 96.00 |
| 4 | PEABODY ENERGY TL B | 2.97% | 66.08 | 64.18 |
| 5 | COMDATA SPA EUR TL B | 2.85% | 65.76 | 63.93 |
| 6 | CIBT HOLDINGS TL | 1.80% | 87.04 | 85.50 |
| 7 | APCOA EUR TL B | 1.40% | 99.66 | 98.28 |
| 8 | APPLE LEISURE TL | 1.11% | 91.95 | 90.94 |
| 9 | CERAMTEC EUR TL B | 1.01% | 98.87 | 97.88 |
| 10 | CONTURA ENERGY INC TL | 1.00% | 89.33 | 88.45 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/2/21 – 7/9/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | SINCLAIR BROADCAST GROUP INC. TL B | -4.02% | 56.94 | 59.32 |
| 2 | TALEN ENERGY SUPPLY LLC TL B | -3.07% | 89.98 | 92.83 |
| 3 | KALLE EUR TL B | -1.80% | 78.62 | 80.06 |
| 4 | AMERICAN AIRLINES TL B | -1.25% | 94.30 | 95.48 |
| 5 | HEARTLAND DENTAL TL | -1.21% | 98.83 | 100.04 |
| 6 | TRAVELPORT TL B | -1.19% | 89.62 | 90.70 |
| 7 | ALSTOM SA TL B2 | -1.07% | 79.94 | 80.81 |
| 8 | SERTA SIMMONS TL | -0.91% | 66.81 | 67.42 |
| 9 | ASURION 2ND LIEN TL B3 | -0.88% | 99.89 | 100.78 |
| 10 | CINEWORLD TL B | -0.75% | 86.87 | 87.52 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 7/2/21 – 7/9/21 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 7/2/21 – 7/9/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 7/2/21 vs. the week ending 7/9/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | NOBIAN EUR TL B | 20 | 48 | 28 | 140% |
| 2 | SINCLAIR BROADCAST GROUP INC. TL B1 | 12 | 36 | 24 | 200% |
| 3 | COLISEE PATRIMOINE EUR TL B | 18 | 42 | 24 | 133% |
| 4 | JO-ANN STORES TL B | 18 | 36 | 18 | 100% |
| 5 | CHARTER NEX TL B | 34 | 50 | 16 | 47% |
| 6 | TEN CATE TL B | 0 | 16 | 16 | NA |
| 7 | SIVANTOS 2ND LIEN EUR TL | 28 | 40 | 12 | 43% |
| 8 | CIRCET GROUPE EUR TL B | 18 | 30 | 12 | 67% |
| 9 | COLE-PARMER TL | 32 | 44 | 12 | 38% |
| 10 | ACTION NEDERLAND EUR TL B | 44 | 56 | 12 | 27% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 7/2/21 – 7/9/21
| 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 | RACKSPACE HOSTING TL B | 18 |
| 6 | SYNLAB EUR TL B5 | 18 |
| 7 | CERBA HEALTHCARE EUR TL B | 18 |
| 8 | PLAYA RESORTS TL B | 18 |
| 9 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 10 | ZIGGO EUR TL H | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 7/2/21 – 7/9/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 7/2/21 – 7/9/21 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.
