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Syndicated Bank Loan Market Summary: Week Ending 9/10/21

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 9/3/21 – 9/10/21

RANK	SIZE (MM)	NAME	CHANGE	PX	PX-1W	DEALERS
1	5,450	ENVISION HEALTHCARE TL B	0.89%	88.15	87.37	15
2	5,100	CHANGE HEALTHCARE TL B	0.02%	99.90	99.88	11
3	5,000	QWEST CORPORATION TL B	0.01%	98.87	98.86	10
4	5,000	UNITED CONTINENTAL TL B	0.21%	100.51	100.30	14
5	4,750	ZAYO TL	0.11%	99.04	98.93	15
6	4,700	CAESARS RESORT COLLECTION TL B	0.15%	99.34	99.19	15
7	4,565	BAUSCH HEALTH COMPANIES INC. TL B	0.10%	99.73	99.62	13
8	3,900	DIRECTV TL	0.06%	100.23	100.17	12
9	3,582	MISYS TL B	0.18%	99.05	98.87	15
10	3,524	TRANSDIGM INC. TL F	0.40%	98.70	98.31	13
11	3,515	LIFEPOINT HOSPITALS TL B	0.19%	99.64	99.46	14
12	3,380	SOLERA TL B	0.10%	100.11	100.01	15
13	3,338	ASURION TL B6	0.10%	99.21	99.12	11
14	3,325	CINEWORLD TL B	0.70%	77.72	77.18	11
15	3,312	HUB INTL LTD TL B	0.08%	99.01	98.93	14
16	3,300	NTL CABLE PLC TL N	0.07%	99.14	99.07	11
17	3,300	SINCLAIR BROADCAST GROUP INC. TL B	-1.52%	62.81	63.78	10
18	3,275	SCIENTIFIC GAMES TL B5	0.05%	99.21	99.16	13
19	3,165	MULTIPLAN TL B	N/A	99.24	99.23	12
20	3,100	JAZZ PHARMA TL B	0.21%	100.27	100.05	11
AVERAGE	3,929		0.11%	95.99	95.87	12.8

Top 20 Winners

Showcases the top 20 loan “winners” based on the largest bid price increases between 9/3/21 – 9/10/21

RANK	NAME	CHANGE	PX	PX-1W
1	FOGO DE CHAO TL	2.44%	98.05	95.72
2	UNIFRAX EUR TL B	2.09%	98.17	96.16
3	PLANET FITNESS TL B	1.89%	97.51	95.69
4	LIMETREE BAY TL B	1.80%	83.22	81.75
5	SERTA SIMMONS TL	1.72%	68.97	67.80
6	POLYCONCEPT TL B	1.32%	99.21	97.92
7	LIGHTSTONE GENERATION LLC TL C	1.21%	74.75	73.86
8	PEABODY ENERGY TL B	1.20%	75.31	74.42
9	CONVERGEONE 2ND LIEN TL	1.14%	95.99	94.91
10	ANASTASIA BEVERLY HILLS TL B	1.11%	81.95	81.05
11	ENDO HEALTH TL B	0.99%	97.48	96.53
12	GENUINE FINANCIAL TL	0.93%	98.96	98.05
13	AUDIO VISUAL TL B2	0.91%	90.39	89.58
14	HALO BUYER TL	0.90%	93.26	92.43
15	PLAYA RESORTS TL B	0.80%	97.10	96.33
16	CONTURA ENERGY INC TL	0.77%	96.77	96.03
17	USS PARENT 2ND LIEN TL	0.72%	99.94	99.22
18	AMF BOWLMOR TL B	0.67%	99.22	98.55
19	WOODFORD EXPRESS TL B	0.64%	98.10	97.48
20	CARIBE EUR TL B	0.64%	96.11	95.50

Avg Bid PX by Sector

Displays the average loan bid price by sector between 9/3/21 – 9/10/21 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 9/3/21 – 9/10/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 9/3/21 vs. the week ending 9/10/21

RANK	TRANCHE	PRIOR WEEK	THIS WEEK	INCREASE	% INCREASE
1	ASSUREDPARTNERS TL B	14	40	26	186%
2	BELRON INTERNATIONAL EUR TL B	4	30	26	650%
3	MASMOVIL IBERCOM SA EUR TL B1	37	63	26	70%
4	STAPLES TL B2	32	53	21	66%
5	MOTOR FUEL GBP TL B1	26	46	20	77%
6	ACTION NEDERLAND EUR TL B	36	56	20	56%
7	OXEA EUR TL B1	12	31	19	158%
8	SYNLAB EUR TL B4	32	51	19	59%
9	WEBHELP EUR TL B	6	25	19	317%
10	US RENAL CARE TL	24	42	18	75%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 9/3/21 – 9/10/21

RANK	TRANCHE	DEALERS
1	SYNLAB EUR TL B5	19
2	LUMILEDS TL B	19
3	TMF GROUP HOLDING BV EUR TL B	19
4	VERISURE EUR TL B	18
5	ELSAN GROUPE EXT EUR TL B	18
6	CERBA HEALTHCARE EUR TL B	18
7	IFCO EUR TL B	18
8	ZIGGO EUR TL H	18
9	CHEPLAPHARM ARZNEIMITTEL EUR TL B4	18
10	AI SIRONA LUXEMBOURG ACQUISITION SARL EUR TL B	17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 9/3/21 – 9/10/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 9/3/21 – 9/10/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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