Syndicated Bank Loan Market Summary – Week Ending 9/25/20
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Syndicated Bank Loan Market Summary: Week Ending 9/25/20
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 9/18/20 – 9/25/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,451 | REFINITV TL B | -0.64% | 98.75 | 99.38 | 10 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | -1.49% | 73.73 | 74.85 | 16 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | -1.24% | 97.88 | 99.11 | 11 |
| 4 | 5,000 | QWEST CORPORATION TL B | -1.55% | 95.70 | 97.20 | 11 |
| 5 | 4,750 | DELL TL B | -0.49% | 99.24 | 99.73 | 14 |
| 6 | 4,750 | ZAYO TL | -1.04% | 96.60 | 97.61 | 14 |
| 7 | 4,700 | CAESARS RESORT COLLECTION TL | -1.41% | 93.09 | 94.42 | 10 |
| 8 | 4,250 | BERRY PLASTICS TL Y | -1.16% | 96.79 | 97.93 | 12 |
| 9 | 4,200 | POWER SOLUTIONS TL B | -1.18% | 97.54 | 98.71 | 10 |
| 10 | 4,197 | AKZONOBEL TL B | -1.68% | 96.25 | 97.89 | 12 |
| 11 | 4,000 | T-MOBILE USA TL B | -0.25% | 99.88 | 100.13 | 15 |
| 12 | 3,861 | PETSMART CONSENTED TL B2 | -0.40% | 99.56 | 99.96 | 11 |
| 13 | 3,582 | MISYS TL B | -1.38% | 93.88 | 95.19 | 13 |
| 14 | 3,575 | STARS GROUP TL B | -0.32% | 99.88 | 100.20 | 14 |
| 15 | 3,524 | TRANSDIGM INC. TL F | -0.99% | 94.31 | 95.25 | 12 |
| 16 | 3,325 | CINEWORLD TL B | -6.11% | 68.49 | 72.95 | 12 |
| 17 | 3,312 | HUB INTL LTD TL B | -1.24% | 96.55 | 97.76 | 10 |
| 18 | 3,300 | BMC SOFTWARE TL B | -1.49% | 96.85 | 98.32 | 16 |
| 19 | 3,300 | DIAMOND SPORTS TL B | -1.60% | 80.92 | 82.24 | 10 |
| 20 | 3,300 | NTL CABLE PLC TL N | -0.71% | 96.91 | 97.60 | 13 |
| AVERAGE | 4,196 | -1.32% | 93.64 | 94.82 | 12.3 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 9/18/20 – 9/25/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | SGB-SMIT EUR TL B | 7.80% | 58.36 | 54.14 |
| 2 | PEABODY ENERGY TL B | 7.11% | 42.76 | 39.93 |
| 3 | JUICE PLUS+ TL | 6.32% | 85.04 | 79.99 |
| 4 | TRANSCENDIA TL B | 5.24% | 79.32 | 75.38 |
| 5 | GARRETT MOTION EUR TL B | 5.05% | 96.05 | 91.43 |
| 6 | STUBHUB TL B | 3.68% | 90.86 | 87.64 |
| 7 | ATLAS GROUP TL | 3.53% | 80.76 | 78.00 |
| 8 | UNITED ROAD SERVICES TL | 3.39% | 89.48 | 86.55 |
| 9 | EQUINOX HLDGS INC 2ND LIEN TL | 3.06% | 59.14 | 57.39 |
| 10 | TENSAR TL | 2.98% | 97.41 | 94.59 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 9/18/20 – 9/25/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | COMEXPOSIUM SA EUR TL B | -28.68% | 52.75 | 73.97 |
| 2 | AUDIO VISUAL 2ND LIEN TL | -22.00% | 20.69 | 26.53 |
| 3 | FRAC TECH TL B | -15.99% | 36.57 | 43.53 |
| 4 | 24 HOUR FITNESS DD TL | -9.87% | 80.95 | 89.82 |
| 5 | FRONTERA TL B | -7.69% | 35.00 | 37.91 |
| 6 | VUE INTERNATIONAL BIDCO PLC EUR TL B | -6.95% | 76.77 | 82.50 |
| 7 | CINEWORLD TL B | -6.45% | 67.69 | 72.35 |
| 8 | AMC ENTERTAINMENT TL B1 | -5.30% | 64.44 | 68.05 |
| 9 | MERLIN ENTERTAINMENTS EUR TL | -5.29% | 86.61 | 91.45 |
| 10 | AMERICAN AIRLINES TL B | -5.19% | 60.60 | 63.92 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 9/18/20 – 9/25/20 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 9/18/20 – 9/25/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 9/18/20 vs. the week ending 9/25/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | UPC HOLDING BV EUR TL B2 | 8 | 38 | 30 | 375% |
| 2 | COMEXPOSIUM SA EUR TL B | 0 | 18 | 18 | N/A |
| 3 | BASS PRO SHOPS TL B | 50 | 64 | 14 | 28% |
| 4 | HILLMAN GROUP TL B | 26 | 40 | 14 | 54% |
| 5 | AMERICAN TIRE EXIT PIK FLLO | 17 | 30 | 13 | 76% |
| 6 | AMERICAN TIRE EXIT TL | 18 | 30 | 12 | 67% |
| 7 | AUDIO VISUAL TL B | 24 | 36 | 12 | 50% |
| 8 | CENGAGE TL | 32 | 44 | 12 | 38% |
| 9 | CRESTWOOD MIDSTREAM TL B | 32 | 44 | 12 | 38% |
| 10 | EPIQ SYSTEMS TL B | 33 | 45 | 12 | 36% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 9/18/20 – 9/25/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | AMC ENTERTAINMENT TL B1 | 18 |
| 2 | GTT COMMUNICATIONS TL B | 18 |
| 3 | TECHEM EUR TL B | 18 |
| 4 | HARLAND CLARKE TL B7 | 17 |
| 5 | AMERICAN AIRLINES TL B | 17 |
| 6 | ELSAN GROUPE EUR TL B | 17 |
| 7 | TELENET EUR TL A | 17 |
| 8 | COTY TL B | 17 |
| 9 | EIRCOM FINCO SARL EUR TL B | 17 |
| 10 | CENGAGE TL | 16 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 9/18/20 – 9/25/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 9/18/20 – 9/25/20 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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