Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 10/23/20
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 10/16/20 – 10/23/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 6,451 | REFINITV TL B | -0.16% | 98.90 | 99.06 | 10 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 0.12% | 72.34 | 72.25 | 14 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | -0.09% | 98.23 | 98.32 | 14 |
| 4 | 5,000 | QWEST CORPORATION TL B | 0.09% | 96.79 | 96.71 | 12 |
| 5 | 4,750 | ZAYO TL | -0.04% | 97.33 | 97.37 | 16 |
| 6 | 4,750 | DELL TL B | -0.13% | 99.66 | 99.79 | 16 |
| 7 | 4,700 | CAESARS RESORT COLLECTION TL | -1.39% | 93.02 | 94.33 | 11 |
| 8 | 4,250 | BERRY PLASTICS TL X | 0.03% | 98.61 | 98.58 | 10 |
| 9 | 4,200 | POWER SOLUTIONS TL B | 0.04% | 97.86 | 97.82 | 11 |
| 10 | 4,197 | AKZONOBEL TL B | 0.54% | 97.60 | 97.08 | 12 |
| 11 | 4,000 | T-MOBILE USA TL B | -0.03% | 99.93 | 99.96 | 16 |
| 12 | 3,861 | PETSMART CONSENTED TL B2 | 0.00% | 99.81 | 99.81 | 12 |
| 13 | 3,582 | MISYS TL B | 0.16% | 95.05 | 94.90 | 14 |
| 14 | 3,575 | STARS GROUP TL B | 0.09% | 100.17 | 100.08 | 13 |
| 15 | 3,524 | TRANSDIGM INC. TL F | -0.10% | 95.58 | 95.68 | 13 |
| 16 | 3,415 | ENDO HEALTH TL B | 1.01% | 96.69 | 95.72 | 11 |
| 17 | 3,338 | ASURION TL B6 | 0.00% | 98.47 | 98.47 | 10 |
| 18 | 3,325 | CINEWORLD TL B | -0.36% | 59.24 | 59.46 | 18 |
| 19 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | -0.02% | 98.55 | 98.57 | 10 |
| 20 | 3,312 | HUB INTL LTD TL B | 0.09% | 96.82 | 96.74 | 13 |
| AVERAGE | 4,205 | -0.01% | 94.53 | 94.53 | 12.8 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 10/16/20 – 10/23/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | AUDIO VISUAL 2ND LIEN TL | 10.61% | 33.34 | 30.14 |
| 2 | AREAS EUR TL B1 | 6.85% | 81.78 | 76.54 |
| 3 | MILLER’S ALE HOUSE TL B | 6.45% | 76.49 | 71.86 |
| 4 | NBG HOME TL | 4.28% | 47.95 | 45.98 |
| 5 | PRISA EUR TL | 4.06% | 92.92 | 89.30 |
| 6 | AMERICAN AIRLINES TL B | 4.04% | 75.99 | 73.04 |
| 7 | TIVITY HEALTH TL A | 3.37% | 98.12 | 94.92 |
| 8 | EG GROUP GBP TL B | 3.21% | 93.14 | 90.24 |
| 9 | ALEXANDER MANN GBP TL B | 2.56% | 85.25 | 83.12 |
| 10 | AIRXCEL 2ND LIEN TL | 2.54% | 87.16 | 85.00 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 10/16/20 – 10/23/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | LIMETREE BAY TL B | -7.98% | 85.77 | 93.21 |
| 2 | BELK TL B | -5.45% | 34.51 | 36.49 |
| 3 | TRAVELPORT TL B | -5.12% | 54.96 | 57.92 |
| 4 | GLOBAL KNOWLEDGE TL | -4.07% | 85.83 | 89.47 |
| 5 | KINOVE TL B | -3.90% | 94.39 | 98.22 |
| 6 | MITEL NETWORKS TL | -2.82% | 81.65 | 84.01 |
| 7 | EQUINOX HLDGS INC 2ND LIEN TL | -2.31% | 56.46 | 57.79 |
| 8 | MERLIN ENTERTAINMENTS DD TL | -2.22% | 87.34 | 89.33 |
| 9 | AUDIO VISUAL TL B | -1.69% | 74.54 | 75.82 |
| 10 | APERGY TL B | -1.61% | 96.00 | 97.57 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/16/20 – 10/23/20
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 10/16/20 – 10/23/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/16/20 vs. the week ending 10/23/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | APPLOVIN TL B | 10 | 38 | 28 | 280% |
| 2 | MESSER INDUSTRIES TL B | 33 | 60 | 27 | 82% |
| 3 | RCN GRANDE TL B | 60 | 83 | 23 | 38% |
| 4 | INTEGER TL B | 16 | 38 | 22 | 138% |
| 5 | CONSOLIDATED COMMUNICATIONS TL B | 16 | 36 | 20 | 125% |
| 6 | USI HOLDINGS TL B | 10 | 30 | 20 | 200% |
| 7 | NEP TL B | 60 | 79 | 19 | 32% |
| 8 | ALBANY MOLECULAR TL B | 32 | 50 | 18 | 56% |
| 9 | WEB.COM TL B | 32 | 50 | 18 | 56% |
| 10 | PERFORCE TL | 18 | 36 | 18 | 100% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/16/20 – 10/23/20
| RANK | TRANCHE | DEALERS |
| 1 | AMC ENTERTAINMENT TL B1 | 20 |
| 2 | TELENET EUR TL | 19 |
| 3 | GTT COMMUNICATIONS TL B | 19 |
| 4 | CINEWORLD TL B | 19 |
| 5 | CINEWORLD TL B | 18 |
| 6 | VERISURE EUR TL B1 | 18 |
| 7 | PARTY CITY TL B | 18 |
| 8 | CENGAGE TL | 17 |
| 9 | LUMILEDS TL B | 17 |
| 10 | AKZONOBEL EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/16/20 – 10/23/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 10/16/20 – 10/23/20
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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