Syndicated Bank Loan Market Summary – Week Ending 8/20/21
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Syndicated Bank Loan Market Summary: Week Ending 8/20/21
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 8/13/21 – 8/20/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | 2.08% | 87.87 | 86.07 | 15 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | -0.08% | 99.63 | 99.71 | 12 |
| 3 | 5,000 | QWEST CORPORATION TL B | -0.15% | 98.40 | 98.55 | 10 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | 0.00% | 99.93 | 99.93 | 14 |
| 5 | 4,750 | ZAYO TL | -0.06% | 98.36 | 98.42 | 14 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.04% | 98.80 | 98.75 | 14 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.07% | 99.47 | 99.41 | 13 |
| 8 | 3,972 | POWER SOLUTIONS TL B | -0.14% | 98.72 | 98.86 | 10 |
| 9 | 3,900 | DIRECTV TL | -0.03% | 99.60 | 99.63 | 13 |
| 10 | 3,582 | MISYS TL B | -0.02% | 98.58 | 98.60 | 15 |
| 11 | 3,524 | TRANSDIGM INC. TL F | -0.05% | 98.08 | 98.13 | 14 |
| 12 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.03% | 99.05 | 99.08 | 14 |
| 13 | 3,500 | AMERICAN AIRLINES TL B | -0.23% | 102.18 | 102.42 | 11 |
| 14 | 3,380 | SOLERA TL B | -0.10% | 99.81 | 99.91 | 15 |
| 15 | 3,338 | ASURION TL B6 | -0.02% | 98.70 | 98.73 | 11 |
| 16 | 3,325 | CINEWORLD TL B | -1.14% | 77.78 | 78.67 | 12 |
| 17 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | -0.05% | 99.40 | 99.45 | 10 |
| 18 | 3,312 | HUB INTL LTD TL B | 0.00% | 98.51 | 98.51 | 15 |
| 19 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -1.95% | 55.32 | 56.41 | 12 |
| 20 | 3,300 | NTL CABLE PLC TL N | 0.13% | 98.67 | 98.54 | 11 |
| AVERAGE | 3,991 | -0.09% | 95.34 | 95.39 | 12.8 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 8/13/21 – 8/20/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | APPLE LEISURE TL | 8.99% | 99.58 | 91.37 |
| 2 | STRIKE TL B | 4.04% | 94.86 | 91.17 |
| 3 | ENVISION HEALTHCARE PIK TL B | 3.29% | 84.25 | 81.57 |
| 4 | PRAESIDIAD EUR TL B | 2.13% | 85.50 | 83.72 |
| 5 | VALTRIS SPECIALTY CHEMICALS TL | 1.93% | 96.44 | 94.61 |
| 6 | SECURUS 2ND LIEN TL | 1.86% | 88.68 | 87.07 |
| 7 | LAMAR MEDIA TL B | 1.61% | 98.77 | 97.20 |
| 8 | HARLAND CLARKE TL B7 | 1.35% | 93.79 | 92.54 |
| 9 | BUCCANEER 2ND LIEN TL | 1.33% | 99.74 | 98.43 |
| 10 | CPM HOLDINGS TL | 0.97% | 98.21 | 97.27 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 8/13/21 – 8/20/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | TALEN ENERGY SUPPLY LLC TL B | -8.06% | 83.94 | 91.30 |
| 2 | YAK MAT TL B | -4.87% | 86.49 | 90.91 |
| 3 | RIVERBED PIK 2ND LIEN TL | -3.49% | 74.80 | 77.50 |
| 4 | PEAK 10 2ND LIEN TL | -2.33% | 88.03 | 90.13 |
| 5 | RODAN & FIELDS TL B | -2.23% | 73.18 | 74.85 |
| 6 | ANCHOR GLASS TL B | -1.96% | 91.45 | 93.28 |
| 7 | ALSTOM SA EUR TL B | -1.47% | 82.24 | 83.47 |
| 8 | NATIONAL CINEMEDIA TL B | -1.45% | 87.31 | 88.59 |
| 9 | KIK CUSTOM TL B | -1.34% | 96.80 | 98.12 |
| 10 | TRAVELPORT TL B | -1.26% | 82.48 | 83.53 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 8/13/21 – 8/20/21 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 8/13/21 – 8/20/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 8/13/21 vs. the week ending 8/20/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | EVERI PAYMENTS INC TL B | 10 | 56 | 46 | 460% |
| 2 | HILLMAN GROUP TL B2 | 2 | 39 | 37 | 1850% |
| 3 | MCGRAW-HILL GLOBAL TL B | 36 | 72 | 36 | 100% |
| 4 | ESSENTIAL POWER TL B | 46 | 78 | 32 | 70% |
| 5 | AHEAD TL B | 52 | 83 | 31 | 60% |
| 6 | PANDA HUMMEL TL B1 | 8 | 38 | 30 | 375% |
| 7 | NASCAR TL B | 80 | 108 | 28 | 35% |
| 8 | WESTINGHOUSE TL B | 58 | 86 | 28 | 48% |
| 9 | CHANNELVIEW TL B | 34 | 62 | 28 | 82% |
| 10 | LONESTAR II GENERATION HOLDINGS TL B | 23 | 50 | 27 | 117% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 8/13/21 – 8/20/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | LUMILEDS TL B | 22 |
| 2 | SYNLAB EUR TL B5 | 19 |
| 3 | ZIGGO EUR TL H | 19 |
| 4 | CHEPLAPHARM ARZNEIMITTEL EUR TL B4 | 18 |
| 5 | IFCO EUR TL B | 18 |
| 6 | ELSAN GROUPE EXT EUR TL B | 18 |
| 7 | ALPHA BIDCO EUR TL B | 18 |
| 8 | BANIJAY GROUP EUR TL B | 18 |
| 9 | DAE AVIATION TL | 18 |
| 10 | VERISURE EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 8/13/21 – 8/20/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 8/13/21 – 8/20/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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