Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 11/27/20
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 11/20/20 – 11/27/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 10,649 | INOVYN EUR TL B | 0.36% | 99.22 | 98.87 | 12 |
| 2 | 6,451 | REFINITV TL B | -0.08% | 99.25 | 99.33 | 11 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | 3.74% | 78.37 | 75.55 | 13 |
| 4 | 5,100 | CHANGE HEALTHCARE TL B | 0.00% | 98.94 | 98.94 | 12 |
| 5 | 5,000 | QWEST CORPORATION TL B | -0.07% | 97.48 | 97.55 | 10 |
| 6 | 4,750 | ZAYO TL | -0.04% | 98.00 | 98.04 | 17 |
| 7 | 4,750 | DELL TL B | -0.02% | 99.71 | 99.73 | 16 |
| 8 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.43% | 96.00 | 95.59 | 11 |
| 9 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.11% | 98.70 | 98.81 | 10 |
| 10 | 4,250 | BERRY PLASTICS TL X | -0.20% | 99.01 | 99.21 | 10 |
| 11 | 4,246 | PETSMART NON-CONSENTED TL B2 | 0.21% | 99.17 | 98.96 | 12 |
| 12 | 4,197 | AKZONOBEL TL B | -0.05% | 97.55 | 97.60 | 10 |
| 13 | 3,861 | PETSMART CONSENTED TL B2 | 0.20% | 99.34 | 99.14 | 11 |
| 14 | 3,582 | MISYS TL B | 0.48% | 96.61 | 96.15 | 13 |
| 15 | 3,575 | STARS GROUP TL B | 0.02% | 100.23 | 100.21 | 16 |
| 16 | 3,524 | TRANSDIGM INC. TL F | 0.38% | 95.35 | 94.99 | 14 |
| 17 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.63% | 97.62 | 98.24 | 11 |
| 18 | 3,325 | CINEWORLD TL B | 1.32% | 69.11 | 68.21 | 16 |
| 19 | 3,312 | HUB INTL LTD TL B | -0.51% | 97.42 | 97.92 | 13 |
| 20 | 3,300 | BMC SOFTWARE TL B | 0.21% | 98.64 | 98.43 | 14 |
| AVERAGE | 4,605 | 0.28% | 95.79 | 95.57 | 12.6 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 11/20/20 – 11/27/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | AUDIO VISUAL 2ND LIEN TL | 38.85% | 60.61 | 43.65 |
| 2 | GTT COMMUNICATIONS TL B | 14.99% | 84.42 | 73.42 |
| 3 | CINEWORLD EUR TL B | 12.39% | 77.13 | 68.62 |
| 4 | TRAVELPORT TL B | 8.82% | 66.23 | 60.86 |
| 5 | ENVISION HEALTHCARE PIK TL B | 7.35% | 74.92 | 69.79 |
| 6 | AERNNOVA AEROSPACE EUR TL B | 6.41% | 91.07 | 85.58 |
| 7 | TEAM HEALTH TL | 6.11% | 86.88 | 81.88 |
| 8 | NATIONAL CINEMEDIA TL B | 5.95% | 77.22 | 72.88 |
| 9 | SWISSPORT EUR TL B | 4.88% | 94.88 | 90.47 |
| 10 | DIAMOND SPORTS TL B | 4.75% | 81.40 | 77.71 |
| 11 | BUCCANEER 2ND LIEN TL | 4.39% | 54.08 | 51.80 |
| 12 | TRAVEL LEADERS TL | 4.10% | 84.52 | 81.20 |
| 13 | TEN CATE EUR TL B1 | 3.81% | 97.66 | 94.07 |
| 14 | WATERBRIDGE OPERATING TL B | 3.55% | 84.94 | 82.03 |
| 15 | FORT DEARBORN 2ND LIEN TL | 3.29% | 96.23 | 93.17 |
| 16 | COOPER STANDARD TL B | 3.25% | 91.83 | 88.94 |
| 17 | STRATEGIC MATERIALS TL | 3.25% | 82.05 | 79.47 |
| 18 | EQUINOX HLDGS INC TL B | 2.76% | 83.27 | 81.03 |
| 19 | MATERIS CHRYSO EUR TL B | 2.70% | 94.64 | 92.15 |
| 20 | FINTRAX EUR TL B1 | 2.70% | 83.83 | 81.63 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/20/20 – 11/27/20
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 11/20/20 – 11/27/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/20/20 vs. the week ending 11/27/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CERBA HEALTHCARE EUR TL B2 | 10 | 36 | 26 | 260% |
| 2 | UNILABS EUR TL B | 24 | 48 | 24 | 100% |
| 3 | AI SIRONA LUXEMBOURG ACQUISITION SARL EUR TL B | 10 | 32 | 22 | 220% |
| 4 | IGT HOLDING EUR TL B | 18 | 40 | 22 | 122% |
| 5 | SKYSCRAPER PERFORMANCE EUR TL B | 28 | 48 | 20 | 71% |
| 6 | TRANSUNION TL A3 | 12 | 30 | 18 | 150% |
| 7 | TEN CATE EUR TL B1 | 10 | 28 | 18 | 180% |
| 8 | NOMAD FOODS EUR TL B | 14 | 32 | 18 | 129% |
| 9 | PLANET FITNESS TL B | 8 | 26 | 18 | 225% |
| 10 | HILLMAN GROUP TL B | 16 | 34 | 18 | 113% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/20/20 – 11/27/20
| RANK | TRANCHE | DEALERS |
| 1 | TELENET EUR TL | 19 |
| 2 | ZIGGO EUR TL H | 18 |
| 3 | EIRCOM FINCO SARL EUR TL B | 18 |
| 4 | VERISURE EUR TL B1 | 18 |
| 5 | VERISURE EUR TL B | 18 |
| 6 | AKZONOBEL EUR TL B | 18 |
| 7 | SYNLAB EUR TL B3 | 18 |
| 8 | ELSAN GROUPE EUR TL B | 17 |
| 9 | NUMERICABLE EUR TL B11 | 17 |
| 10 | CERBA HEALTHCARE EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/20/20 – 11/27/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 11/20/20 – 11/27/20
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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