Syndicated Bank Loan Market Summary – Week Ending 9/11/20
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Syndicated Bank Loan Market Summary: Week Ending 9/11/20
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 9/4/20 – 9/11/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,451 | REFINITV TL B | 0.24% | 99.36 | 99.12 | 11 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 1.19% | 73.76 | 72.89 | 15 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | 0.32% | 99.23 | 98.91 | 11 |
| 4 | 5,000 | QWEST CORPORATION TL B | -0.44% | 97.13 | 97.57 | 11 |
| 5 | 4,750 | ZAYO TL | -0.05% | 97.83 | 97.88 | 15 |
| 6 | 4,750 | DELL TL B | 0.01% | 99.74 | 99.73 | 15 |
| 7 | 4,700 | CAESARS RESORT COLLECTION TL | -0.14% | 93.93 | 94.06 | 10 |
| 8 | 4,250 | BERRY PLASTICS TL X | -0.07% | 98.63 | 98.69 | 10 |
| 9 | 4,197 | AKZONOBEL TL B | 0.98% | 98.46 | 97.51 | 13 |
| 10 | 4,000 | T-MOBILE USA TL B | -0.02% | 100.33 | 100.34 | 15 |
| 11 | 3,861 | PETSMART CONSENTED TL B2 | 0.27% | 100.08 | 99.81 | 10 |
| 12 | 3,582 | MISYS TL B | 0.28% | 95.11 | 94.85 | 13 |
| 13 | 3,575 | STARS GROUP TL B | 0.08% | 100.21 | 100.13 | 14 |
| 14 | 3,524 | TRANSDIGM INC. TL F | 0.16% | 95.11 | 94.96 | 13 |
| 15 | 3,325 | CINEWORLD TL B | -1.37% | 76.81 | 77.88 | 12 |
| 16 | 3,312 | HUB INTL LTD TL B | 0.29% | 97.97 | 97.68 | 10 |
| 17 | 3,300 | NTL CABLE PLC TL N | 0.05% | 97.89 | 97.84 | 13 |
| 18 | 3,300 | BMC SOFTWARE TL B | -0.24% | 98.35 | 98.58 | 16 |
| 19 | 3,275 | SCIENTIFIC GAMES TL B5 | -0.23% | 93.75 | 93.97 | 11 |
| 20 | 3,165 | MULTIPLAN TL B | 0.02% | 99.26 | 99.24 | 10 |
| AVERAGE | 4,143 | 0.07% | 95.65 | 95.58 | 12.4 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 9/4/20 – 9/11/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | FOGO DE CHAO TL | 11.62% | 91.39 | 81.88 |
| 2 | JO-ANN STORES TL B | 11.46% | 86.62 | 77.72 |
| 3 | TRAVELPORT 2ND LIEN TL | 9.02% | 30.68 | 28.14 |
| 4 | PETCO TL B | 6.10% | 91.56 | 86.30 |
| 5 | TENSAR 2ND LIEN TL | 5.87% | 80.16 | 75.71 |
| 6 | STAPLES TL B2 | 4.75% | 93.05 | 88.82 |
| 7 | CARESTREAM DENTAL TL | 3.97% | 90.05 | 86.61 |
| 8 | DAE AVIATION TL | 3.85% | 90.38 | 87.03 |
| 9 | LANDRY’S TL B | 3.50% | 91.71 | 88.60 |
| 10 | IPH GROUP EUR TL | 3.16% | 96.59 | 93.63 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 9/4/20 – 9/11/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | FRONTERA TL B | -6.70% | 39.37 | 42.19 |
| 2 | ANCHOR GLASS 2ND LIEN TL | -4.63% | 35.25 | 36.97 |
| 3 | EPIC CRUDE TL B | -4.53% | 75.37 | 78.95 |
| 4 | AKORN TL B | -4.29% | 82.35 | 86.03 |
| 5 | COLUMBUS CAPITAL EUR TL B | -4.25% | 68.97 | 72.03 |
| 6 | COMEXPOSIUM SA EUR TL B | -3.44% | 76.01 | 78.72 |
| 7 | TRIMARK TL | -2.43% | 76.70 | 78.61 |
| 8 | TECHEM EUR TL B | -1.67% | 97.11 | 98.76 |
| 9 | CINEWORLD TL B | -1.37% | 76.81 | 77.88 |
| 10 | RENFRO TL B | -1.33% | 33.85 | 34.31 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 9/4/20 – 9/11/20 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 9/4/20 – 9/11/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 9/4/20 vs. the week ending 9/11/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | IPH GROUP EUR TL | 8 | 34 | 26 | 325% |
| 2 | OBERTHUR TECHNOLOGIES SA EUR TL B1 | 8 | 32 | 24 | 300% |
| 3 | NORD ANGLIA EDUCATION FINANC EUR TL B | 8 | 31 | 23 | 288% |
| 4 | EPIQ SYSTEMS TL B | 10 | 33 | 23 | 230% |
| 5 | FRONERI EUR TL B | 14 | 36 | 22 | 157% |
| 6 | HOTELBEDS EUR TL C | 8 | 30 | 22 | 275% |
| 7 | COBHAM EUR TL B | 12 | 34 | 22 | 183% |
| 8 | SS&C TECH TL B5 | 14 | 36 | 22 | 157% |
| 9 | VERISURE EUR TL B1 | 4 | 26 | 22 | 550% |
| 10 | SIVANTOS EUR TL B1 | 22 | 42 | 20 | 91% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 9/4/20 – 9/11/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ACTION NEDERLAND EUR TL B | 20 |
| 2 | AMC ENTERTAINMENT TL B1 | 18 |
| 3 | GTT COMMUNICATIONS TL B | 17 |
| 4 | TECHEM EUR TL B | 17 |
| 5 | TELENET EUR TL A | 17 |
| 6 | AMERICAN AIRLINES TL B | 16 |
| 7 | VERISURE EUR TL B | 16 |
| 8 | BMC SOFTWARE TL B | 16 |
| 9 | EIRCOM FINCO SARL EUR TL B | 16 |
| 10 | AKZONOBEL EUR TL B | 16 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 9/4/20 – 9/11/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 9/4/20 – 9/11/20 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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