Syndicated Bank Loan Market Summary – Week Ending 10/22/21
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 10/22/21
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 10/15/21 – 10/22/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -0.36% | 83.33 | 83.64 | 14 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | 0.01% | 99.91 | 99.91 | 12 |
| 3 | 5,000 | QWEST CORPORATION TL B | -0.04% | 98.79 | 98.83 | 12 |
| 4 | 4,750 | ZAYO TL | -0.66% | 98.47 | 99.12 | 16 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.00% | 99.56 | 99.56 | 14 |
| 6 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.05% | 99.86 | 99.91 | 13 |
| 7 | 3,582 | MISYS TL B | 1.34% | 99.60 | 98.29 | 15 |
| 8 | 3,524 | TRANSDIGM INC. TL F | -0.07% | 98.80 | 98.87 | 14 |
| 9 | 3,338 | ASURION TL B6 | 0.00% | 99.75 | 99.75 | 10 |
| 10 | 3,325 | CINEWORLD TL B | -0.25% | 82.91 | 83.12 | 13 |
| 11 | 3,312 | HUB INTL LTD TL B | 0.05% | 98.99 | 98.95 | 13 |
| 12 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -2.71% | 53.81 | 55.30 | 11 |
| 13 | 3,300 | NTL CABLE PLC TL N | -0.14% | 99.06 | 99.20 | 12 |
| 14 | 3,275 | SCIENTIFIC GAMES TL B5 | -0.10% | 99.50 | 99.60 | 11 |
| 15 | 2,902 | FORMULA ONE TL B | -0.05% | 99.68 | 99.73 | 11 |
| 16 | 2,851 | INTEL TL | 0.05% | 100.12 | 100.07 | 11 |
| 17 | 2,825 | BRAND ENERGY TL | -0.04% | 99.26 | 99.30 | 16 |
| 18 | 2,800 | TRAVELPORT TL B | 0.24% | 87.19 | 86.99 | 10 |
| 19 | 2,750 | TEAM HEALTH TL | 0.31% | 95.11 | 94.82 | 10 |
| 20 | 2,690 | RCN GRANDE TL B | 0.11% | 99.86 | 99.75 | 13 |
| AVERAGE | 3,667 | -0.12% | 94.68 | 94.73 | 12.6 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 10/15/21 – 10/22/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | PREIT ASSOCIATES EXIT 2ND LIEN TL | 5.10% | 62.75 | 59.70 |
| 2 | PLAYPOWER TL B | 2.58% | 97.74 | 95.28 |
| 3 | COLE HAAN TL B1 | 2.15% | 89.51 | 87.63 |
| 4 | BLUE NILE TL | 2.09% | 96.99 | 95.00 |
| 5 | ANASTASIA BEVERLY HILLS TL B | 1.53% | 85.30 | 84.02 |
| 6 | ISAGENIX TL | 1.34% | 77.92 | 76.89 |
| 7 | MISYS TL B | 1.34% | 99.60 | 98.29 |
| 8 | TEN-X TL | 1.30% | 97.77 | 96.51 |
| 9 | CBL & ASSOCIATES TL A | 1.27% | 83.98 | 82.92 |
| 10 | YAK MAT TL B | 1.10% | 83.19 | 82.28 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 10/15/21 – 10/22/21
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | 24 HOUR FITNESS EXIT TL | -12.45% | 75.36 | 86.08 |
| 2 | NSO GROUP TL | -4.56% | 81.68 | 85.58 |
| 3 | US FARATHANE CORPORATION TL B | -3.83% | 94.31 | 98.06 |
| 4 | ATI PHYSICAL THERAPY TL B | -3.62% | 94.14 | 97.68 |
| 5 | HOFFMASTER 2ND LIEN TL | -3.59% | 79.91 | 82.88 |
| 6 | SINCLAIR BROADCAST GROUP INC. TL B | -2.71% | 53.81 | 55.30 |
| 7 | AIR METHODS TL | -2.42% | 93.11 | 95.42 |
| 8 | NBG HOME TL | -1.93% | 83.22 | 84.86 |
| 9 | US TELEPACIFIC TL B | -1.92% | 80.90 | 82.48 |
| 10 | SERTA SIMMONS TL | -1.76% | 66.70 | 67.89 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/15/21 – 10/22/21 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 10/15/21 – 10/22/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/15/21 vs. the week ending 10/22/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | LUMILEDS TL B | 68 | 104 | 36 | 53% |
| 2 | MITEL NETWORKS 2ND LIEN TL | 62 | 94 | 32 | 52% |
| 3 | ENVISION HEALTHCARE TL B | 72 | 102 | 30 | 42% |
| 4 | EPICOR SOFTWARE TL | 100 | 130 | 30 | 30% |
| 5 | MEDLINE INDUSTRIES INC TL | 74 | 102 | 28 | 38% |
| 6 | MITEL NETWORKS TL | 66 | 94 | 28 | 42% |
| 7 | SURGEY CENTER TL | 64 | 90 | 26 | 41% |
| 8 | DELTA SKYMILES TL B | 68 | 94 | 26 | 38% |
| 9 | WHITE CAP BUYER LLC TL B | 96 | 121 | 25 | 26% |
| 10 | IMG WORLDWIDE TL B | 48 | 72 | 24 | 50% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/15/21 – 10/22/21
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | LUMILEDS TL B | 20 |
| 2 | DOUGLAS HOLDING EUR TL B | 20 |
| 3 | DAE AVIATION TL | 19 |
| 4 | ACTION NEDERLAND EUR TL B | 18 |
| 5 | US TELEPACIFIC TL B | 17 |
| 6 | ZIGGO EUR TL H | 17 |
| 7 | IFCO EUR TL B | 17 |
| 8 | ACTION NEDERLAND EXT EUR TL B | 17 |
| 9 | BELLIS ACQUISITION CO PLC EUR TL B | 17 |
| 10 | CERBA HEALTHCARE EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/15/21 – 10/22/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 10/15/21 – 10/22/21 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
