Syndicated Bank Loan Market Summary – Week Ending 9/18/20
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Syndicated Bank Loan Market Summary: Week Ending 9/18/20
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 9/11/20 – 9/18/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,451 | REFINITV TL B | 0.02% | 99.38 | 99.36 | 11 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 1.47% | 74.85 | 73.76 | 15 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | -0.12% | 99.11 | 99.23 | 11 |
| 4 | 5,000 | QWEST CORPORATION TL B | 0.07% | 97.20 | 97.13 | 12 |
| 5 | 4,750 | DELL TL B | -0.01% | 99.73 | 99.74 | 15 |
| 6 | 4,750 | ZAYO TL | -0.22% | 97.61 | 97.83 | 15 |
| 7 | 4,700 | CAESARS RESORT COLLECTION TL | 0.52% | 94.42 | 93.93 | 10 |
| 8 | 4,250 | BERRY PLASTICS TL Y | -0.09% | 97.93 | 98.01 | 13 |
| 9 | 4,200 | POWER SOLUTIONS TL B | -0.13% | 98.71 | 98.83 | 11 |
| 10 | 4,197 | AKZONOBEL TL B | -0.58% | 97.89 | 98.46 | 13 |
| 11 | 4,000 | T-MOBILE USA TL B | -0.20% | 100.13 | 100.33 | 15 |
| 12 | 3,861 | PETSMART CONSENTED TL B2 | -0.12% | 99.96 | 100.08 | 11 |
| 13 | 3,582 | MISYS TL B | 0.09% | 95.19 | 95.11 | 13 |
| 14 | 3,575 | STARS GROUP TL B | 0.00% | 100.20 | 100.21 | 14 |
| 15 | 3,524 | TRANSDIGM INC. TL F | 0.15% | 95.25 | 95.11 | 12 |
| 16 | 3,325 | CINEWORLD TL B | -5.02% | 72.95 | 76.81 | 12 |
| 17 | 3,312 | HUB INTL LTD TL B | -0.21% | 97.76 | 97.97 | 10 |
| 18 | 3,300 | BMC SOFTWARE TL B | -0.03% | 98.32 | 98.35 | 17 |
| 19 | 3,300 | DIAMOND SPORTS TL B | -5.89% | 82.24 | 87.39 | 10 |
| 20 | 3,300 | NTL CABLE PLC TL N | -0.29% | 97.60 | 97.89 | 13 |
| AVERAGE | 4,196 | -0.53% | 94.82 | 95.28 | 12.7 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 9/11/20 – 9/18/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | PROGREXION TL | 9.62% | 82.20 | 74.99 |
| 2 | PEABODY ENERGY TL B | 8.20% | 39.93 | 36.90 |
| 3 | INVICTUS 2ND LIEN TL | 7.49% | 92.26 | 85.83 |
| 4 | BLUE NILE TL | 6.20% | 62.00 | 58.38 |
| 5 | CONFIE SEGUROS 2ND LIEN TL | 6.05% | 79.47 | 74.93 |
| 6 | SERTA SIMMONS TL | 5.85% | 28.56 | 26.99 |
| 7 | NAVICO TL B | 5.60% | 79.94 | 75.69 |
| 8 | HYPERION MATERIALS TL B | 5.33% | 92.02 | 87.36 |
| 9 | GLOBAL EAGLE ENTERTMNT TL B | 5.21% | 68.70 | 65.30 |
| 10 | ATLAS GROUP TL | 4.96% | 78.00 | 74.31 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 9/11/20 – 9/18/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | AMC ENTERTAINMENT TL B1 | -11.73% | 68.05 | 77.09 |
| 2 | FOGO DE CHAO TL | -9.25% | 82.94 | 91.39 |
| 3 | DIAMOND SPORTS TL B | -5.89% | 82.24 | 87.39 |
| 4 | GTT COMMUNICATIONS EUR TL B | -5.55% | 91.14 | 96.50 |
| 5 | CINEWORLD TL B | -5.02% | 72.95 | 76.81 |
| 6 | AERNNOVA AEROSPACE EUR TL B | -3.47% | 74.04 | 76.71 |
| 7 | COMEXPOSIUM SA EUR TL B | -2.69% | 73.97 | 76.01 |
| 8 | MERLIN ENTERTAINMENTS DD TL | -2.62% | 91.63 | 94.10 |
| 9 | US ANESTHESIA TL B | -1.97% | 94.65 | 96.56 |
| 10 | SUSE TL B | -1.26% | 96.26 | 97.49 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 9/11/20 – 9/18/20 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 9/11/20 – 9/18/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 9/11/20 vs. the week ending 9/18/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | UNILABS EUR TL B3 | 18 | 42 | 24 | 133% |
| 2 | USI HOLDINGS TL B | 21 | 42 | 21 | 100% |
| 3 | WHEEL PROS TL | 7 | 28 | 21 | 300% |
| 4 | ALLIANT HLDGS I INC TL B | 34 | 54 | 20 | 59% |
| 5 | AMER SPORTS EUR TL B | 6 | 26 | 20 | 333% |
| 6 | CHARTER NEX TL | 22 | 42 | 20 | 91% |
| 7 | HILEX POLY EXT TL | 24 | 44 | 20 | 83% |
| 8 | HOTELBEDS EUR TL C | 0 | 20 | 20 | N/A |
| 9 | INTEL EUR TL | 14 | 34 | 20 | 143% |
| 10 | GOODPACK TL B | 23 | 42 | 19 | 83% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 9/11/20 – 9/18/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ACTION NEDERLAND EUR TL B | 19 |
| 2 | GTT COMMUNICATIONS TL B | 18 |
| 3 | TECHEM EUR TL B | 17 |
| 4 | TELENET EUR TL A | 17 |
| 5 | BMC SOFTWARE TL B | 17 |
| 6 | AMC ENTERTAINMENT TL B1 | 17 |
| 7 | EIRCOM FINCO SARL EUR TL B | 17 |
| 8 | UPC HOLDING BV EUR TL | 16 |
| 9 | VERISURE 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 9/11/20 – 9/18/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 9/11/20 – 9/18/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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