Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 11/26/21
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 11/19/21 – 11/26/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 7,270 | MEDLINE TL B | -0.29% | 99.72 | 100.01 | 15 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | -5.18% | 76.88 | 81.08 | 14 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | -0.21% | 99.68 | 99.89 | 10 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | -1.23% | 100.15 | 101.40 | 11 |
| 5 | 4,750 | ZAYO TL | -0.40% | 98.09 | 98.48 | 16 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.24% | 99.28 | 99.52 | 14 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.36% | 99.17 | 99.52 | 11 |
| 8 | 4,197 | AKZONOBEL TL B | -0.46% | 98.79 | 99.25 | 11 |
| 9 | 3,972 | POWER SOLUTIONS TL B | -0.50% | 98.95 | 99.45 | 10 |
| 10 | 3,900 | DIRECTV TL | -0.13% | 100.00 | 100.13 | 11 |
| 11 | 3,582 | MISYS TL B | -0.29% | 99.16 | 99.45 | 15 |
| 12 | 3,524 | TRANSDIGM INC. TL F | -0.20% | 98.54 | 98.74 | 14 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.27% | 99.29 | 99.56 | 13 |
| 14 | 3,500 | PILOT TRAVEL TL B | -0.06% | 99.21 | 99.26 | 11 |
| 15 | 3,380 | SOLERA TL B | -0.42% | 99.76 | 100.18 | 15 |
| 16 | 3,325 | CINEWORLD TL B | -3.31% | 81.72 | 84.51 | 10 |
| 17 | 3,312 | HUB INTL LTD TL B | -0.32% | 98.45 | 98.77 | 16 |
| 18 | 3,300 | NTL CABLE PLC TL N | -0.53% | 98.54 | 99.07 | 12 |
| 19 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -8.54% | 41.35 | 45.21 | 11 |
| 20 | 3,275 | SCIENTIFIC GAMES TL B5 | -0.41% | 99.17 | 99.58 | 12 |
| AVERAGE | 4,146 | -1.17% | 94.30 | 95.15 | 12.6 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 11/19/21 – 11/26/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | REVLON TL B | 2.59% | 59.60 | 58.09 |
| 2 | EIF VAN HOOK HOLDINGS TL B | 0.97% | 96.84 | 95.91 |
| 3 | BERLYS CORP EUR TL B1 | 0.97% | 97.00 | 96.07 |
| 4 | PERSTORP TL | 0.93% | 99.48 | 98.56 |
| 5 | LIMETREE BAY TL B | 0.86% | 87.39 | 86.64 |
| 6 | ETRAVELI EUR TL | 0.59% | 99.02 | 98.43 |
| 7 | HARLAND CLARKE TL B7 | 0.50% | 92.74 | 92.28 |
| 8 | NINE WEST GROUP INC EXIT TL | 0.50% | 76.96 | 76.58 |
| 9 | US RENAL CARE TL | 0.48% | 97.56 | 97.10 |
| 10 | UNITHER EUR TL B | 0.44% | 98.95 | 98.52 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 11/19/21 – 11/26/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | ANCHOR GLASS 2ND LIEN TL | -10.34% | 46.75 | 52.14 |
| 2 | NBG HOME TL | -9.42% | 70.29 | 77.60 |
| 3 | SINCLAIR BROADCAST GROUP INC. TL B | -8.54% | 41.35 | 45.21 |
| 4 | MCDERMOTT EXIT TL | -7.62% | 44.18 | 47.82 |
| 5 | ENVISION HEALTHCARE PIK TL B | -6.82% | 73.70 | 79.10 |
| 6 | YAK MAT 2ND LIEN TL B | -4.74% | 61.77 | 64.85 |
| 7 | CHECKERS TL | -4.64% | 88.72 | 93.03 |
| 8 | CAREERBUILDER TL | -3.91% | 86.50 | 90.02 |
| 9 | BENTELER INTERNATIONAL EUR TL | -3.87% | 86.02 | 89.48 |
| 10 | CINEWORLD TL B | -3.31% | 81.72 | 84.51 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/19/21 – 11/26/21
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 11/19/21 – 11/26/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/19/21 vs. the week ending 11/26/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | ASCEND LEARNING 2ND LIEN TL | 2 | 25 | 23 | 1150% |
| 2 | ASCEND LEARNING TL B | 4 | 25 | 21 | 525% |
| 3 | FLAKT WOODS EUR TL B | 10 | 24 | 14 | 140% |
| 4 | ASCENSUS 2ND LIEN TL | 10 | 22 | 12 | 120% |
| 5 | CERBA HEALTHCARE EUR TL B | 6 | 16 | 10 | 167% |
| 6 | NEP TL B | 10 | 20 | 10 | 100% |
| 7 | AMERICAN REF-FUEL CO LLC TL B | 14 | 24 | 10 | 71% |
| 8 | PRAESIDIAD TL B | 0 | 10 | 10 | N/A |
| 9 | CITY BREWING TL B | 29 | 38 | 9 | 31% |
| 10 | HURTIGRUTEN GROUP EUR TL D | 10 | 18 | 8 | 80% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/19/21 – 11/26/21
| RANK | TRANCHE | DEALERS |
| 1 | LUMILEDS TL B | 20 |
| 2 | BRAND ENERGY TL | 19 |
| 3 | IFCO EUR TL B | 17 |
| 4 | DAE AVIATION TL | 17 |
| 5 | BMC SOFTWARE TL B | 17 |
| 6 | ZIGGO EUR TL H | 16 |
| 7 | VISTRA ENERGY TL B3 | 16 |
| 8 | US TELEPACIFIC TL B | 16 |
| 9 | NUMERICABLE EUR TL B12 | 16 |
| 10 | ACTION NEDERLAND EUR TL B | 16 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/19/21 – 11/26/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 11/19/21 – 11/26/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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