Syndicated Bank Loan Market Summary – Week Ending 1/15/21
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Syndicated Bank Loan Market Summary: Week Ending 1/15/21
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 1/8/21 – 1/15/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 10,649 | INOVYN EUR TL B | 0.24% | 99.88 | 99.64 | 10 |
| 2 | 6,451 | REFINITV TL B | -0.04% | 99.93 | 99.96 | 11 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | 2.56% | 85.76 | 83.62 | 14 |
| 4 | 5,100 | CHANGE HEALTHCARE TL B | 0.12% | 100.34 | 100.22 | 11 |
| 5 | 5,000 | QWEST CORPORATION TL B | 0.09% | 100.00 | 99.91 | 10 |
| 6 | 4,750 | DELL TL B | 0.10% | 100.51 | 100.41 | 14 |
| 7 | 4,750 | ZAYO TL | 0.25% | 100.19 | 99.94 | 16 |
| 8 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.23% | 99.33 | 99.10 | 13 |
| 9 | 4,250 | BERRY PLASTICS TL X | 0.00% | 100.00 | 100.00 | 10 |
| 10 | 3,582 | MISYS TL B | 0.55% | 99.41 | 98.87 | 12 |
| 11 | 3,575 | STARS GROUP TL B | 0.07% | 100.47 | 100.40 | 13 |
| 12 | 3,524 | TRANSDIGM INC. TL F | -0.10% | 99.32 | 99.42 | 14 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.30% | 100.42 | 100.12 | 11 |
| 14 | 3,325 | CINEWORLD TL B | 4.95% | 75.39 | 71.83 | 14 |
| 15 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.25% | 100.13 | 99.88 | 10 |
| 16 | 3,312 | HUB INTL LTD TL B | 0.49% | 99.77 | 99.28 | 14 |
| 17 | 3,300 | NTL CABLE PLC TL N | 0.03% | 99.95 | 99.92 | 12 |
| 18 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | 1.41% | 89.23 | 87.99 | 10 |
| 19 | 3,300 | BMC SOFTWARE TL B | 0.18% | 100.42 | 100.24 | 16 |
| 20 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.30% | 98.95 | 98.65 | 10 |
| AVERAGE | 4,421 | 0.60% | 97.47 | 96.97 | 12.3 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 1/8/21 – 1/15/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | INTERNATIONAL TEXTILE GROUP 2ND LIEN TL | 9.66% | 44.46 | 40.55 |
| 2 | WYNDHAM DESTINATIONS, INC. 2ND LIEN EUR TL | 8.91% | 92.93 | 85.33 |
| 3 | FIELDWOOD ENERGY TL | 8.90% | 25.77 | 23.67 |
| 4 | CONSOL MINING TL B | 7.31% | 89.97 | 83.84 |
| 5 | WOODFORD EXPRESS TL B | 6.77% | 80.50 | 75.40 |
| 6 | EPIC CRUDE TL B | 5.69% | 74.62 | 70.61 |
| 7 | BEASLEY BROADCAST TL B | 5.10% | 87.97 | 83.70 |
| 8 | CINEWORLD TL B | 4.95% | 75.39 | 71.83 |
| 9 | COLOUR BIDCO GBP TL | 4.76% | 80.39 | 76.73 |
| 10 | DELL SOFTWARE GROUP 2ND LIEN TL | 4.38% | 98.43 | 94.30 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 1/8/21 – 1/15/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | HILDING ANDERS EUR TL | -3.13% | 69.44 | 71.68 |
| 2 | CIBT HOLDINGS TL | -2.58% | 71.23 | 73.12 |
| 3 | GTT COMMUNICATIONS EUR TL B | -2.18% | 86.92 | 88.86 |
| 4 | HARLAND CLARKE TL B7 | -1.29% | 87.72 | 88.87 |
| 5 | AUDIO VISUAL TL B1 | -1.16% | 84.90 | 85.90 |
| 6 | EASTERN POWER TL B | -0.89% | 96.29 | 97.16 |
| 7 | KINOVE TL B | -0.66% | 98.75 | 99.41 |
| 8 | COTY TL B | -0.61% | 94.24 | 94.82 |
| 9 | ULTIMATE SOFTWARE TL | -0.44% | 100.35 | 100.80 |
| 10 | HOTELBEDS EUR TL B | -0.43% | 89.19 | 89.58 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 1/8/21 – 1/15/21 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 1/8/21 – 1/15/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/8/21 vs. the week ending 1/15/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | ADB SAFEGATE EUR TL B | 16 | 48 | 32 | 200% |
| 2 | MOTOR FUEL EUR TL B2 | 18 | 48 | 30 | 167% |
| 3 | SGG EUR TL B | 10 | 38 | 28 | 280% |
| 4 | THOM EUROPE EUR TL B | 22 | 50 | 28 | 127% |
| 5 | INOVIE EUR TL B | 22 | 46 | 24 | 109% |
| 6 | KOFAX TL | 4 | 26 | 22 | 550% |
| 7 | ALIXPARTNERS EUR TL B | 18 | 40 | 22 | 122% |
| 8 | DEXKO EUR TL B3 | 10 | 30 | 20 | 200% |
| 9 | TMF GROUP HOLDING BV 2ND LIEN EUR TL | 10 | 30 | 20 | 200% |
| 10 | SUSE EUR TL B | 10 | 30 | 20 | 200% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/8/21 – 1/15/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | EIRCOM FINCO SARL EUR TL B | 19 |
| 2 | TELENET EUR TL | 19 |
| 3 | VERISURE EUR TL B | 19 |
| 4 | ZIGGO EUR TL H | 18 |
| 5 | BMC SOFTWARE TL B | 18 |
| 6 | ZAYO TL | 17 |
| 7 | TECHEM EUR TL B4 | 17 |
| 8 | ELSAN GROUPE EUR TL B | 17 |
| 9 | SYNLAB EUR TL B | 17 |
| 10 | CEVA SANTE ANIMALE EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/8/21 – 1/15/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 1/8/21 – 1/15/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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