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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