Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 10/29/21
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 10/22/21 – 10/29/21
RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
1 | 5,450 | ENVISION HEALTHCARE TL B | -0.95% | 82.54 | 83.33 | 13 |
2 | 5,100 | CHANGE HEALTHCARE TL B | -0.04% | 99.88 | 99.91 | 12 |
3 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.08% | 99.48 | 99.56 | 14 |
4 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.09% | 99.76 | 99.86 | 13 |
5 | 3,582 | MISYS TL B | -0.19% | 99.41 | 99.60 | 16 |
6 | 3,325 | CINEWORLD TL B | -0.75% | 82.29 | 82.91 | 13 |
7 | 3,312 | HUB INTL LTD TL B | -0.17% | 98.82 | 98.99 | 14 |
8 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -1.82% | 52.82 | 53.81 | 10 |
9 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.06% | 99.56 | 99.50 | 11 |
10 | 2,902 | FORMULA ONE TL B | -0.03% | 99.64 | 99.68 | 11 |
11 | 2,851 | INTEL TL | -0.06% | 100.05 | 100.12 | 11 |
12 | 2,825 | BRAND ENERGY TL | -0.25% | 99.01 | 99.26 | 15 |
13 | 2,800 | TRAVELPORT TL B | 0.30% | 87.45 | 87.19 | 10 |
14 | 2,750 | TEAM HEALTH TL | 0.18% | 95.28 | 95.11 | 10 |
15 | 2,500 | WEST CORP TL B | -0.09% | 98.19 | 98.28 | 13 |
16 | 2,500 | NUMERICABLE TL B13 | -0.16% | 99.40 | 99.56 | 10 |
17 | 2,355 | WIDEOPENWEST TL B | -0.11% | 99.78 | 99.89 | 10 |
18 | 2,325 | ORTHO-CLINICAL TL B | N/A | 99.93 | 99.92 | 14 |
19 | 2,303 | THE NIELSEN COMPANY B.V. TL B4 | 0.04% | 99.86 | 99.82 | 12 |
20 | 2,285 | ACTION NEDERLAND EUR TL B | -0.09% | 98.98 | 99.07 | 18 |
AVERAGE | 3,250 | -0.22% | 94.61 | 94.77 | 12.5 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 10/22/21 – 10/29/21
RANK | NAME | CHANGE | PX | PX-1W |
1 | EXELA TL B | 5.23% | 82.13 | 78.05 |
2 | MCDERMOTT EXIT TL | 4.15% | 46.38 | 44.53 |
3 | GENON ENERGY INC TL B | 2.95% | 86.65 | 84.17 |
4 | DUNN PAPER TL | 2.88% | 93.42 | 90.80 |
5 | CELSA GROUP 2ND LIEN EUR TL | 2.80% | 22.54 | 21.93 |
6 | PEABODY ENERGY TL B | 2.73% | 86.63 | 84.33 |
7 | PEAK 10 TL | 2.06% | 95.15 | 93.22 |
8 | LIGHTSTONE GENERATION LLC TL B | 2.05% | 86.83 | 85.09 |
9 | AIR METHODS TL | 1.89% | 94.87 | 93.11 |
10 | POULT EUR TL B | 1.37% | 97.17 | 95.86 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 10/22/21 – 10/29/21
RANK | NAME | CHANGE | PX | PX-1W |
1 | RIVERBED PIK 2ND LIEN TL | -17.35% | 25.92 | 31.37 |
2 | US TELEPACIFIC TL B | -8.03% | 74.40 | 80.90 |
3 | ESSENTIAL POWER TL B | -3.73% | 88.20 | 91.61 |
4 | JORDAN HEALTH TL | -2.43% | 75.28 | 77.16 |
5 | SIRVA WORLDWIDE TL | -1.83% | 91.90 | 93.62 |
6 | SINCLAIR BROADCAST GROUP INC. TL B | -1.82% | 52.82 | 53.81 |
7 | CINEWORLD TL B | -1.82% | 81.23 | 82.74 |
8 | GENESIS CARE EUR TL B | -1.60% | 98.77 | 100.38 |
9 | GLOBAL BLUE EUR TL | -1.55% | 86.07 | 87.43 |
10 | PREMIERE GLOBAL TL | -1.52% | 35.63 | 36.18 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/22/21 – 10/29/21
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 10/22/21 – 10/29/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/22/21 vs. the week ending 10/29/21
RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | GTT COMMUNICATIONS TL B | 62 | 82 | 20 | 32% |
2 | BCPE MAX DUTCH BIDCO EUR TL B | 16 | 34 | 18 | 113% |
3 | HOMEVI EUR TL B | 12 | 30 | 18 | 150% |
4 | FRONERI EUR TL B | 42 | 59 | 17 | 40% |
5 | FUSION CONNECT EXIT TL | 4 | 20 | 16 | 400% |
6 | C&D TECHNOLOGIES TL B | 17 | 33 | 16 | 94% |
7 | CATALINA MARKETING EXIT TL | 12 | 26 | 14 | 117% |
8 | PREGIS TL B | 21 | 35 | 14 | 67% |
9 | IMS HEALTH EUR TL B1 | 26 | 40 | 14 | 54% |
10 | AMEX GBT TL B | 22 | 36 | 14 | 64% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/22/21 – 10/29/21
RANK | TRANCHE | DEALERS |
1 | LUMILEDS TL B | 20 |
2 | DAE AVIATION TL | 19 |
3 | US TELEPACIFIC TL B | 18 |
4 | ACTION NEDERLAND EUR TL B | 18 |
5 | DOUGLAS HOLDING EUR TL B | 18 |
6 | ZIGGO EUR TL H | 17 |
7 | IFCO EUR TL B | 17 |
8 | ACTION NEDERLAND EXT EUR TL B | 17 |
9 | FRONERI EUR TL B | 17 |
10 | ZAYO TL | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/22/21 – 10/29/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 10/22/21 – 10/29/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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