Syndicated Bank Loans
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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.
