Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 10/15/21
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 10/8/21 – 10/15/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 5,100 | CHANGE HEALTHCARE TL B | 0.01% | 99.91 | 99.90 | 12 |
| 2 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.04% | 99.56 | 99.60 | 14 |
| 3 | 3,582 | MISYS TL B | -0.60% | 98.29 | 98.88 | 15 |
| 4 | 3,338 | ASURION TL B6 | 0.10% | 99.75 | 99.65 | 10 |
| 5 | 3,325 | CINEWORLD TL B | -0.86% | 83.12 | 83.84 | 13 |
| 6 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | -0.13% | 99.67 | 99.80 | 10 |
| 7 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.01% | 99.60 | 99.59 | 11 |
| 8 | 2,902 | FORMULA ONE TL B | -0.01% | 99.73 | 99.73 | 11 |
| 9 | 2,825 | BRAND ENERGY TL | 0.07% | 99.30 | 99.23 | 16 |
| 10 | 2,750 | TEAM HEALTH TL | -0.51% | 94.82 | 95.31 | 10 |
| 11 | 2,500 | WEST CORP TL B | -0.08% | 98.46 | 98.54 | 13 |
| 12 | 2,355 | WIDEOPENWEST TL B | 0.05% | 100.05 | 100.00 | 10 |
| 13 | 2,303 | THE NIELSEN COMPANY B.V. TL B4 | -0.01% | 99.85 | 99.86 | 11 |
| 14 | 2,285 | ACTION NEDERLAND EUR TL B | 0.01% | 99.25 | 99.24 | 15 |
| 15 | 2,150 | NUMERICABLE TL B12 | -0.01% | 99.03 | 99.04 | 10 |
| 16 | 2,100 | HUSKY INJECTION MOLDING TL B | -0.03% | 98.25 | 98.28 | 13 |
| 17 | 2,060 | INEOS FIN EUR TL B | N/A | 99.41 | 99.41 | 13 |
| 18 | 2,000 | SIGMA BIDCO EUR TL B1 | -0.13% | 96.70 | 96.83 | 13 |
| 19 | 2,000 | MACDONALD DETTWILER TL B | 0.13% | 99.35 | 99.22 | 10 |
| 20 | 1,990 | SOLARWINDS TL | -0.05% | 98.95 | 99.00 | 13 |
| AVERAGE | 2,843 | -0.10% | 98.15 | 98.25 | 12.2 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 10/8/21 – 10/15/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 | 8.91% | 84.23 | 77.35 |
| 2 | RIVERBED TL B | 2.19% | 91.91 | 89.94 |
| 3 | SECURUS 2ND LIEN TL | 1.35% | 92.70 | 91.46 |
| 4 | TRAVEL LEADERS TL | 1.12% | 94.45 | 93.40 |
| 5 | NATIONAL CINEMEDIA TL B | 1.08% | 93.40 | 92.39 |
| 6 | EIF VAN HOOK HOLDINGS TL B | 1.03% | 94.27 | 93.31 |
| 7 | YAK MAT TL B | 0.93% | 82.28 | 81.52 |
| 8 | VACALIANS EUR TL B | 0.79% | 96.16 | 95.40 |
| 9 | AMNEAL PHARMACEUTIAL TL B | 0.77% | 99.18 | 98.43 |
| 10 | HERITAGE POWER TL B | 0.70% | 88.55 | 87.94 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 10/8/21 – 10/15/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | ISAGENIX TL | -4.98% | 76.89 | 80.92 |
| 2 | COMEXPOSIUM SA EUR TL B | -4.32% | 77.85 | 81.37 |
| 3 | ALSTOM SA EUR TL B | -4.31% | 75.55 | 78.95 |
| 4 | SINCLAIR BROADCAST GROUP INC. TL B | -4.15% | 55.30 | 57.70 |
| 5 | COOPER STANDARD TL B | -3.58% | 92.00 | 95.41 |
| 6 | RODAN & FIELDS TL B | -2.23% | 70.84 | 72.45 |
| 7 | LUMILEDS TL B | -2.18% | 73.87 | 75.52 |
| 8 | HARLAND CLARKE TL B | -2.10% | 90.99 | 92.94 |
| 9 | TECOMET TL B | -1.40% | 97.28 | 98.67 |
| 10 | OGF(POMPES FUNEBRES GENERALE) EUR TL B | -1.17% | 95.25 | 96.38 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/8/21 – 10/15/21
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 10/8/21 – 10/15/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/8/21 vs. the week ending 10/15/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | BIOGROUP EUR TL B | 0 | 30 | 30 | N/A |
| 2 | FINTRAX EUR TL B1 | 0 | 20 | 20 | N/A |
| 3 | VELOCITY TL | 0 | 18 | 18 | N/A |
| 4 | DOUGLAS HOLDING EUR TL B3 | 4 | 20 | 16 | 400% |
| 5 | COMDATA SPA EUR TL B | 4 | 18 | 14 | 350% |
| 6 | EXAMWORKS TL | 14 | 28 | 14 | 100% |
| 7 | SAVAGE ENTERPRISES TL B | 44 | 56 | 12 | 27% |
| 8 | NORDIC AVIATION CAPITAL REV | 12 | 24 | 12 | 100% |
| 9 | PRONOVIAS EUR TL B1 | 0 | 12 | 12 | N/A |
| 10 | SIGMA BIDCO EUR TL B1 | 45 | 56 | 11 | 24% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/8/21 – 10/15/21
| RANK | TRANCHE | DEALERS |
| 1 | LUMILEDS TL B | 20 |
| 2 | DAE AVIATION TL | 19 |
| 3 | DOUGLAS HOLDING EUR TL B | 18 |
| 4 | ZIGGO EUR TL H | 17 |
| 5 | IFCO EUR TL B | 17 |
| 6 | BANIJAY GROUP EUR TL B | 17 |
| 7 | LIGHTSTONE GENERATION LLC TL B | 17 |
| 8 | BELLIS ACQUISITION CO PLC EUR TL B | 16 |
| 9 | BMC SOFTWARE TL B | 16 |
| 10 | STARK GROUP EUR TL B | 16 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/8/21 – 10/15/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 10/8/21 – 10/15/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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