Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 1/8/21
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 12/31/20 – 1/8/21
RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
1 | 10,649 | INOVYN EUR TL B | 0.07% | 99.64 | 99.57 | 10 |
2 | 6,451 | REFINITV TL B | 0.13% | 99.96 | 99.83 | 12 |
3 | 5,450 | ENVISION HEALTHCARE TL B | 0.68% | 83.62 | 83.05 | 14 |
4 | 5,100 | CHANGE HEALTHCARE TL B | 0.75% | 100.22 | 99.48 | 12 |
5 | 5,000 | QWEST CORPORATION TL B | 1.06% | 99.91 | 98.86 | 12 |
6 | 4,750 | DELL TL B | 0.41% | 100.41 | 100.00 | 17 |
7 | 4,750 | ZAYO TL | 0.64% | 99.94 | 99.30 | 17 |
8 | 4,700 | CAESARS RESORT COLLECTION TL B | 1.14% | 99.10 | 97.98 | 14 |
9 | 4,250 | BERRY PLASTICS TL X | 0.34% | 100.00 | 99.66 | 10 |
10 | 3,582 | MISYS TL B | 1.09% | 98.87 | 97.80 | 14 |
11 | 3,575 | STARS GROUP TL B | 0.09% | 100.40 | 100.31 | 13 |
12 | 3,524 | TRANSDIGM INC. TL F | 1.54% | 99.42 | 97.91 | 15 |
13 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.52% | 100.12 | 99.61 | 12 |
14 | 3,325 | CINEWORLD TL B | 6.29% | 71.83 | 67.58 | 13 |
15 | 3,312 | HUB INTL LTD TL B | 1.18% | 99.28 | 98.12 | 14 |
16 | 3,300 | BMC SOFTWARE TL B | 0.77% | 100.24 | 99.48 | 18 |
17 | 3,300 | NTL CABLE PLC TL N | 0.90% | 99.92 | 99.02 | 13 |
18 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -0.09% | 87.99 | 88.07 | 11 |
19 | 3,275 | SCIENTIFIC GAMES TL B5 | 1.09% | 98.65 | 97.59 | 12 |
20 | 3,165 | MULTIPLAN TL B | 0.44% | 99.89 | 99.46 | 11 |
AVERAGE | 4,414 | 0.95% | 96.97 | 96.13 | 13.2 |
Top 20 Winners
Showcases the top 20 loan “winners” based on the largest bid price increases between 12/31/20 – 1/8/21
RANK | NAME | CHANGE | PX | PX-1W |
1 | PEABODY ENERGY TL B | 23.63% | 46.86 | 37.91 |
2 | CINEWORLD TL B | 7.07% | 71.56 | 66.84 |
3 | INMAR 2ND LIEN TL | 6.29% | 78.67 | 74.02 |
4 | PERSTORP TL | 6.12% | 95.43 | 89.93 |
5 | HOLLAND & BARRETT GBP TL B | 5.79% | 92.10 | 87.06 |
6 | ODYSSEY LOGISTICS & TECHNOLOGY 2ND LIEN TL | 5.12% | 89.99 | 85.61 |
7 | PLAYA RESORTS TL B | 4.90% | 96.27 | 91.77 |
8 | BISON MIDSTREAM TL B | 4.78% | 90.71 | 86.57 |
9 | STAGE ENTERTAINMENT EUR TL B | 4.64% | 92.39 | 88.30 |
10 | RADIO ONE TL B | 4.56% | 97.92 | 93.65 |
11 | VERMAAT GROEP EUR TL B | 4.51% | 91.22 | 87.28 |
12 | IMAGINA MEDIA AUDIOVISUAL SL EUR TL B | 3.86% | 88.87 | 85.57 |
13 | MONITRONICS EXIT TL | 3.81% | 91.57 | 88.21 |
14 | CRESTWOOD MIDSTREAM TL B | 3.59% | 78.23 | 75.52 |
15 | ELECTRONICS FOR IMAGING TL | 3.48% | 87.94 | 84.98 |
16 | ALSTOM SA EUR TL B | 3.42% | 82.62 | 79.89 |
17 | EASTERN POWER TL B | 3.40% | 97.16 | 93.96 |
18 | STETSON MIDSTREAM TL B | 3.24% | 92.28 | 89.38 |
19 | ARCTIC GLACIER TL B | 3.17% | 91.77 | 88.95 |
20 | GGP LP TL A2 | 2.76% | 97.34 | 94.72 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/31/20 – 1/8/21
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 12/31/20 – 1/8/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/31/20 vs. the week ending 1/8/21
RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | ZAYO TL | 48 | 96 | 48 | 100% |
2 | ZIGGO EUR TL H | 14 | 62 | 48 | 343% |
3 | TELENET EUR TL | 14 | 60 | 46 | 329% |
4 | TELENET TL | 34 | 78 | 44 | 129% |
5 | SYNLAB EUR TL B | 6 | 50 | 44 | 733% |
6 | AREAS EUR TL B1 | 8 | 52 | 44 | 550% |
7 | NESTLE SKIN HEALTH EUR TL B | 10 | 52 | 42 | 420% |
8 | BMC SOFTWARE TL B | 42 | 83 | 41 | 98% |
9 | AI PLEX ACQUICO EUR TL B | 2 | 42 | 40 | 2000% |
10 | GENESYS TELECOM EUR TL B | 6 | 46 | 40 | 667% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/31/20 – 1/8/21
RANK | TRANCHE | DEALERS |
1 | TELENET EUR TL | 20 |
2 | ZIGGO EUR TL H | 19 |
3 | SYNLAB EUR TL B3 | 19 |
4 | EIRCOM FINCO SARL EUR TL B | 19 |
5 | VERISURE EUR TL B | 18 |
6 | BMC SOFTWARE TL B | 18 |
7 | SYNLAB EUR TL B | 18 |
8 | ELSAN GROUPE EUR TL B | 17 |
9 | SIGMA BIDCO EUR TL B | 17 |
10 | ZAYO TL | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/31/20 – 1/8/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 12/31/20 – 1/8/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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