Syndicated Bank Loan Market Summary – Week Ending 8/7/20
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Syndicated Bank Loan Market Summary: Week Ending 8/7/20
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 7/31/20 – 8/7/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | 1.39% | 66.23 | 65.32 | 15 |
| 2 | 4,750 | DELL TL B | 0.51% | 99.06 | 98.55 | 14 |
| 3 | 4,750 | ZAYO TL | 0.80% | 97.50 | 96.74 | 11 |
| 4 | 4,700 | CAESARS RESORT COLLECTION TL | 0.96% | 92.60 | 91.72 | 12 |
| 5 | 4,250 | BERRY PLASTICS TL X | -0.07% | 97.51 | 97.58 | 10 |
| 6 | 4,250 | BERRY PLASTICS TL Y | 0.29% | 97.15 | 96.86 | 14 |
| 7 | 4,197 | AKZONOBEL TL B | 0.39% | 97.21 | 96.83 | 10 |
| 8 | 4,000 | T-MOBILE USA TL B | 0.06% | 100.38 | 100.33 | 14 |
| 9 | 3,861 | PETSMART CONSENTED TL B2 | 0.11% | 99.82 | 99.71 | 10 |
| 10 | 3,582 | MISYS TL B | 1.00% | 93.22 | 92.30 | 12 |
| 11 | 3,575 | STARS GROUP TL B | 0.07% | 99.95 | 99.88 | 10 |
| 12 | 3,524 | TRANSDIGM INC. TL F | 0.78% | 94.18 | 93.46 | 14 |
| 13 | 3,325 | CINEWORLD TL B | 2.36% | 64.37 | 62.88 | 12 |
| 14 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.60% | 98.62 | 98.03 | 10 |
| 15 | 3,312 | HUB INTL LTD TL B | 0.33% | 97.33 | 97.01 | 11 |
| 16 | 3,300 | NTL CABLE PLC TL N | 0.66% | 97.45 | 96.81 | 11 |
| 17 | 3,300 | BMC SOFTWARE TL B | 0.40% | 96.82 | 96.44 | 14 |
| 18 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.45% | 91.34 | 90.93 | 12 |
| 19 | 3,165 | MULTIPLAN TL B | 0.39% | 98.72 | 98.33 | 10 |
| 20 | 3,161 | JAGUAR HOLDING CO I TL | 0.33% | 99.85 | 99.51 | 13 |
| AVERAGE | 3,852 | 0.59% | 93.96 | 93.46 | 12.0 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 7/31/20 – 8/7/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | PARTY CITY TL B | 14.58% | 59.64 | 52.05 |
| 2 | WITTUR PIK 2ND LIEN EUR TL B | 8.89% | 85.56 | 78.57 |
| 3 | NAVICO TL B | 7.62% | 65.57 | 60.93 |
| 4 | BUCCANEER 2ND LIEN TL | 5.25% | 52.64 | 50.01 |
| 5 | A WIRELESS TL | 5.22% | 89.60 | 85.15 |
| 6 | MALLINCKRODT EXT TL B | 4.22% | 85.87 | 82.39 |
| 7 | PGS TL B | 4.21% | 64.16 | 61.57 |
| 8 | VERITAS EUR TL B | 3.80% | 98.59 | 94.98 |
| 9 | ANCESTRY.COM EXT TL B | 3.67% | 99.74 | 96.21 |
| 10 | THE NORDAM GROUP TL B | 3.62% | 81.42 | 78.58 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/31/20 – 8/7/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | HURTIGRUTEN GROUP EUR TL B | -8.33% | 73.29 | 79.95 |
| 2 | VUE INTERNATIONAL BIDCO PLC EUR TL B | -5.48% | 72.78 | 77.00 |
| 3 | CARIBE EUR TL B | -4.30% | 82.31 | 86.01 |
| 4 | SHAPE TECHNOLOGIES TL | -3.51% | 73.71 | 76.39 |
| 5 | ARCTIC GLACIER TL B | -3.40% | 80.14 | 82.96 |
| 6 | GGP LP TL B | -3.13% | 79.92 | 82.50 |
| 7 | AMC ENTERTAINMENT TL B1 | -2.96% | 63.52 | 65.46 |
| 8 | AERNNOVA AEROSPACE EUR TL B | -2.56% | 77.54 | 79.58 |
| 9 | GTT COMMUNICATIONS EUR TL B | -2.36% | 87.80 | 89.93 |
| 10 | CINEMARK TL B | -2.25% | 86.35 | 88.34 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 7/31/20 – 8/7/20 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 7/31/20 – 8/7/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 7/31/20 vs. the week ending 8/7/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | TIPICO EUR TL B | 10 | 42 | 32 | 320% |
| 2 | SYNLAB EUR TL B3 | 20 | 48 | 28 | 140% |
| 3 | ZIGGO EUR TL H | 24 | 52 | 28 | 117% |
| 4 | TELENET EUR TL A | 22 | 48 | 26 | 118% |
| 5 | FINANCIERE CEP EUR TL B | 0 | 25 | 25 | N/A |
| 6 | GENERAL ELECTRIC DISTRIBUTED POWER EUR TL B | 14 | 38 | 24 | 171% |
| 7 | HOMEVI EUR TL B | 6 | 30 | 24 | 400% |
| 8 | IFCO EUR TL B | 20 | 44 | 24 | 120% |
| 9 | NTL CABLE PLC EUR TL O | 16 | 40 | 24 | 150% |
| 10 | NUMERICABLE EUR TL B11 | 12 | 36 | 24 | 200% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 7/31/20 – 8/7/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | AMC ENTERTAINMENT TL B1 | 18 |
| 2 | VERISURE EUR TL B1 | 17 |
| 3 | VERISURE EUR TL B | 17 |
| 4 | TELENET EUR TL A | 17 |
| 5 | ACTION NEDERLAND EUR TL B | 17 |
| 6 | AKZONOBEL EUR TL B | 16 |
| 7 | VERISURE EUR TL B | 16 |
| 8 | TECHEM EUR TL B | 16 |
| 9 | IFCO EUR TL B | 16 |
| 10 | EIRCOM FINCO SARL EUR TL B | 16 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 7/31/20 – 8/7/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 7/31/20 – 8/7/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
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