Syndicated Bank Loans
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary:
Week Ending 11/12/21
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 11/5/21 – 11/12/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 7,270 | MEDLINE TL B | -0.05% | 100.10 | 100.15 | 13 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 0.40% | 83.54 | 83.21 | 14 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | -0.12% | 99.88 | 100.00 | 10 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | 0.37% | 101.84 | 101.47 | 13 |
| 5 | 4,750 | ZAYO TL | 0.10% | 98.75 | 98.65 | 15 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.03% | 99.63 | 99.61 | 15 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.07% | 99.71 | 99.78 | 11 |
| 8 | 4,197 | AKZONOBEL TL B | 0.01% | 99.32 | 99.31 | 12 |
| 9 | 3,972 | POWER SOLUTIONS TL B | -0.12% | 99.42 | 99.53 | 12 |
| 10 | 3,900 | DIRECTV TL | 0.05% | 100.22 | 100.17 | 11 |
| 11 | 3,582 | MISYS TL B | 0.01% | 99.52 | 99.52 | 15 |
| 12 | 3,524 | TRANSDIGM INC. TL F | 0.01% | 98.83 | 98.83 | 14 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.00% | 99.75 | 99.75 | 13 |
| 14 | 3,500 | AMERICAN AIRLINES TL B | 0.20% | 104.70 | 104.49 | 10 |
| 15 | 3,500 | PILOT TRAVEL TL B | 0.02% | 99.42 | 99.40 | 10 |
| 16 | 3,380 | SOLERA TL B | 0.01% | 100.28 | 100.27 | 14 |
| 17 | 3,325 | CINEWORLD TL B | 1.18% | 83.98 | 83.01 | 12 |
| 18 | 3,312 | HUB INTL LTD TL B | 0.18% | 99.09 | 98.92 | 15 |
| 19 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | 6.67% | 51.98 | 48.72 | 12 |
| 20 | 3,300 | NTL CABLE PLC TL N | 0.14% | 99.23 | 99.09 | 13 |
| AVERAGE | 4,157 | 0.45% | 95.96 | 95.69 | 12.7 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 11/5/21 – 11/12/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | MITEL NETWORKS 2ND LIEN TL | 23.41% | 78.91 | 63.94 |
| 2 | AUDIO VISUAL TL B | 3.11% | 93.43 | 90.61 |
| 3 | LIGHTSTONE GENERATION LLC TL C | 1.96% | 88.39 | 86.69 |
| 4 | SPECTRUM PLASTICS 2ND LIEN TL | 1.61% | 92.60 | 91.14 |
| 5 | CLUB CORP TL B | 1.54% | 95.93 | 94.47 |
| 6 | US TELEPACIFIC TL B | 1.47% | 75.93 | 74.82 |
| 7 | SIRVA WORLDWIDE 2ND LIEN TL | 1.46% | 87.52 | 86.26 |
| 8 | ELECTRONICS FOR IMAGING 2ND LIEN TL | 1.44% | 87.27 | 86.03 |
| 9 | HURTIGRUTEN GROUP EUR TL B | 1.23% | 95.91 | 94.75 |
| 10 | EQUINOX HLDGS INC 2ND LIEN TL | 1.09% | 91.03 | 90.05 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 11/5/21 – 11/12/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | PLUSSERVER EUR TL B | -12.02% | 39.68 | 45.11 |
| 2 | NSO GROUP TL | -8.05% | 70.20 | 76.34 |
| 3 | PREMIERE GLOBAL TL | -7.67% | 32.85 | 35.58 |
| 4 | MULTIPLAN TL B | -2.67% | 95.44 | 98.06 |
| 5 | EXELA TL B | -2.60% | 78.84 | 80.94 |
| 6 | HOFFMASTER TL | -1.66% | 91.92 | 93.48 |
| 7 | EASTERN POWER TL B | -1.60% | 84.66 | 86.04 |
| 8 | TECOMET TL B | -1.44% | 94.50 | 95.88 |
| 9 | SINCLAIR BROADCAST GROUP INC. TL B | -1.41% | 97.42 | 98.82 |
| 10 | FEMUR BUYER TL | -1.09% | 92.60 | 93.62 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/5/21 – 11/12/21
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 11/5/21 – 11/12/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/5/21 vs. the week ending 11/12/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | SOCOTEC EUR TL B | 2 | 22 | 20 | 1000% |
| 2 | VIRTUSA TL | 12 | 32 | 20 | 167% |
| 3 | GOGO/AIRCELL TL B | 20 | 38 | 18 | 90% |
| 4 | TALEN ENERGY SUPPLY LLC TL B | 2 | 15 | 13 | 650% |
| 5 | CLEARWATER PAPER TL | 10 | 21 | 11 | 110% |
| 6 | US SALT TL B | 18 | 28 | 10 | 56% |
| 7 | ADCO GLOBAL EUR TL B | 12 | 22 | 10 | 83% |
| 8 | HILLMAN GROUP TL B2 | 33 | 42 | 9 | 27% |
| 9 | ONEX SCHUMACHER FINANCE LP TL | 8 | 17 | 9 | 113% |
| 10 | KETER GROUP EUR TL B | 32 | 41 | 9 | 28% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/5/21 – 11/12/21
| RANK | TRANCHE | DEALERS |
| 1 | ACTION NEDERLAND EUR TL B | 19 |
| 2 | LUMILEDS TL B | 19 |
| 3 | DAE AVIATION TL | 19 |
| 4 | BRAND ENERGY TL | 18 |
| 5 | BELLIS ACQUISITION CO PLC EUR TL B | 17 |
| 6 | ZIGGO EUR TL H | 17 |
| 7 | VISTRA ENERGY TL B3 | 17 |
| 8 | IFCO EUR TL B | 17 |
| 9 | FRONERI EUR TL B | 17 |
| 10 | ACTION NEDERLAND EXT EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/5/21 – 11/12/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 11/5/21 – 11/12/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
