Syndicated Bank Loan Market Summary – Week Ending 1/28/22
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Syndicated Bank Loan Market Summary: Week Ending 1/28/22
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 1/21/22 – 1/28/22
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,270 | MEDLINE TL B | -0.71% | 99.57 | 100.27 | 11 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | -1.94% | 77.14 | 78.67 | 16 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | -0.22% | 99.87 | 100.09 | 11 |
| 4 | 5,000 | QWEST CORPORATION TL B | -0.88% | 98.36 | 99.23 | 10 |
| 5 | 5,000 | UNITED CONTINENTAL TL B | -0.88% | 99.99 | 100.87 | 12 |
| 6 | 4,750 | ZAYO TL | -0.81% | 98.59 | 99.39 | 17 |
| 7 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.50% | 99.40 | 99.90 | 15 |
| 8 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.17% | 99.77 | 99.94 | 11 |
| 9 | 4,475 | UNIVISION TL C5 | -0.53% | 99.67 | 100.20 | 10 |
| 10 | 4,197 | AKZONOBEL TL B | -0.58% | 99.32 | 99.90 | 10 |
| 11 | 3,972 | POWER SOLUTIONS TL B | -0.52% | 99.44 | 99.96 | 10 |
| 12 | 3,900 | DIRECTV TL | -0.27% | 100.17 | 100.44 | 13 |
| 13 | 3,582 | MISYS TL B | -0.35% | 99.66 | 100.00 | 16 |
| 14 | 3,524 | TRANSDIGM INC. TL F | -0.50% | 98.98 | 99.47 | 15 |
| 15 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.52% | 99.69 | 100.21 | 14 |
| 16 | 3,500 | PILOT TRAVEL TL B | -0.33% | 99.50 | 99.84 | 10 |
| 17 | 3,450 | GOLDEN NUGGET INC TL B | -0.41% | 100.22 | 100.63 | 13 |
| 18 | 3,380 | SOLERA TL B | -0.42% | 99.92 | 100.34 | 15 |
| 19 | 3,325 | CINEWORLD TL B | -3.64% | 75.90 | 78.77 | 16 |
| 20 | 3,312 | HUB INTL LTD TL B | -0.51% | 99.32 | 99.83 | 16 |
| AVERAGE | 4,298 | -0.73% | 97.22 | 97.90 | 13.1 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 1/21/22 – 1/28/22
| RANK | NAME | CHANGE | PX | PX-1M |
|---|---|---|---|---|
| 1 | MCDERMOTT EXIT TL | 2.64% | 46.86 | 45.66 |
| 2 | ACETOW GMBH EUR TL | 2.50% | 98.85 | 96.44 |
| 3 | RODAN & FIELDS TL B | 1.90% | 57.86 | 56.78 |
| 4 | B&B HOTELS 2ND LIEN EUR TL | 0.87% | 96.32 | 95.48 |
| 5 | ELEMENT MATERIALS EUR TL B | 0.68% | 99.54 | 98.87 |
| 6 | DORNA SPORTS EUR TL B | 0.67% | 99.75 | 99.08 |
| 7 | TRADESMEN TL | 0.63% | 88.61 | 88.05 |
| 8 | ARCH COAL TL B | 0.63% | 97.47 | 96.87 |
| 9 | APEX TOOLS TL B | 0.59% | 99.76 | 99.18 |
| 10 | ATLAS GROUP TL | 0.58% | 93.59 | 93.05 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 1/21/22 – 1/28/22
| RANK | NAME | CHANGE | PX | PX-1M |
|---|---|---|---|---|
| 1 | NSO GROUP TL B1 | -16.35% | 42.62 | 50.95 |
| 2 | PGS TL B | -7.51% | 83.17 | 89.93 |
| 3 | DIAMOND SPORTS TL B | -3.98% | 41.70 | 43.43 |
| 4 | CINEWORLD TL B | -3.64% | 75.90 | 78.77 |
| 5 | 8TH AVENUE FOOD & PROVISIONS EXT TL B | -3.13% | 96.98 | 100.11 |
| 6 | NATIONAL CINEMEDIA TL B | -2.77% | 87.87 | 90.37 |
| 7 | WEIGHT WATCHERS TL B | -2.27% | 96.23 | 98.46 |
| 8 | ENVISION HEALTHCARE PIK TL B | -2.21% | 74.69 | 76.37 |
| 9 | GULF FINANCE TL B | -1.98% | 93.30 | 95.19 |
| 10 | WEST CORP TL B | -1.59% | 93.59 | 95.10 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 1/21/22 – 1/28/22 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 1/21/22 – 1/28/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/21/22 vs. the week ending 1/28/22
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | ENVISION HEALTHCARE TL B | 68 | 98 | 30 | 44% |
| 2 | TRANSUNION TL B6 | 62 | 89 | 27 | 44% |
| 3 | WESTJET TL | 78 | 104 | 26 | 33% |
| 4 | GOLDEN NUGGET INC TL B | 64 | 89 | 25 | 39% |
| 5 | BMC SOFTWARE TL B | 88 | 113 | 25 | 28% |
| 6 | TECTUM HOLDINGS INC TL B | 84 | 108 | 24 | 29% |
| 7 | CONSTELLATION ENTERPRISES EUR TL B | 38 | 62 | 24 | 63% |
| 8 | DIRECTV TL | 86 | 110 | 24 | 28% |
| 9 | DIGICERT TL | 60 | 84 | 24 | 40% |
| 10 | SS&C TECH TL B3 | 73 | 97 | 24 | 33% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/21/22 – 1/28/22
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | LUMILEDS TL B | 20 |
| 2 | LIGHTSTONE GENERATION LLC TL B | 19 |
| 3 | DOUGLAS HOLDING EUR TL B | 19 |
| 4 | CINEWORLD TL B | 18 |
| 5 | IFCO EUR TL B | 18 |
| 6 | GVC HOLDINGS EUR TL B3 | 17 |
| 7 | ZIGGO EUR TL H | 17 |
| 8 | INEOS FIN TL B | 17 |
| 9 | ACTION NEDERLAND EUR TL B | 17 |
| 10 | GEO GROUP TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/21/22 – 1/28/22
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 1/21/22 – 1/28/22 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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