Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 12/17/21
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 12/10/21 – 12/17/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 7,270 | MEDLINE TL B | -0.08% | 99.71 | 99.79 | 11 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 1.04% | 79.83 | 79.01 | 14 |
| 3 | 5,000 | UNITED CONTINENTAL TL B | -0.58% | 100.14 | 100.72 | 11 |
| 4 | 4,750 | ZAYO TL | 0.06% | 98.42 | 98.36 | 16 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.12% | 99.33 | 99.21 | 13 |
| 6 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.03% | 99.30 | 99.32 | 11 |
| 7 | 3,900 | DIRECTV TL | 0.02% | 100.05 | 100.03 | 12 |
| 8 | 3,582 | MISYS TL B | -0.10% | 99.28 | 99.38 | 14 |
| 9 | 3,524 | TRANSDIGM INC. TL F | -0.05% | 98.53 | 98.58 | 14 |
| 10 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.04% | 99.67 | 99.63 | 13 |
| 11 | 3,500 | PILOT TRAVEL TL B | -0.06% | 99.32 | 99.38 | 10 |
| 12 | 3,380 | SOLERA TL B | 0.04% | 99.87 | 99.83 | 14 |
| 13 | 3,325 | CINEWORLD TL B | -5.54% | 76.17 | 80.64 | 12 |
| 14 | 3,312 | HUB INTL LTD TL B | 0.09% | 98.74 | 98.65 | 17 |
| 15 | 3,300 | NTL CABLE PLC TL N | 0.00% | 98.80 | 98.81 | 11 |
| 16 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | 2.31% | 45.76 | 44.73 | 10 |
| 17 | 3,275 | SCIENTIFIC GAMES TL B5 | -0.08% | 99.44 | 99.52 | 10 |
| 18 | 3,100 | JAZZ PHARMA TL B | 0.00% | 100.14 | 100.13 | 11 |
| 19 | 3,050 | JAGUAR HOLDING CO I TL B | -0.01% | 99.75 | 99.75 | 10 |
| 20 | 3,000 | WESTINGHOUSE TL B | -0.12% | 99.02 | 99.13 | 14 |
| AVERAGE | 3,940 | -0.15% | 94.56 | 94.73 | 12.4 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 12/10/21 – 12/17/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | RIVERBED TL B | 6.43% | 95.32 | 89.57 |
| 2 | GTT COMMUNICATIONS EUR TL B | 4.64% | 88.43 | 84.51 |
| 3 | COLE HAAN TL B1 | 3.16% | 93.99 | 91.11 |
| 4 | SINCLAIR BROADCAST GROUP INC. TL B | 2.31% | 45.76 | 44.73 |
| 5 | STEINHOFF EUROPE PIK 2ND LIEN EUR TL A2 | 2.30% | 94.07 | 91.96 |
| 6 | EXELA TL B | 2.18% | 81.36 | 79.63 |
| 7 | ANASTASIA BEVERLY HILLS TL B | 1.55% | 89.22 | 87.86 |
| 8 | ESSENTIAL POWER TL B | 1.43% | 84.32 | 83.13 |
| 9 | ENVISION HEALTHCARE TL B | 1.04% | 79.83 | 79.01 |
| 10 | DOUGLAS HOLDING EUR TL B | 0.93% | 98.72 | 97.81 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 12/10/21 – 12/17/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | CINEWORLD TL B | -5.98% | 74.91 | 79.68 |
| 2 | EASTERN POWER TL B | -4.84% | 76.89 | 80.80 |
| 3 | REVERE POWER TL B | -4.51% | 84.88 | 88.89 |
| 4 | NATIONAL CINEMEDIA TL B | -3.15% | 90.00 | 92.92 |
| 5 | WORLD KITCHEN TL | -2.88% | 92.75 | 95.50 |
| 6 | CHASSIX TL B | -1.83% | 89.40 | 91.06 |
| 7 | TRAVELPORT TL B | -1.60% | 82.76 | 84.10 |
| 8 | AMC ENTERTAINMENT TL B1 | -1.57% | 89.04 | 90.45 |
| 9 | AUDIO VISUAL TL B2 | -1.54% | 91.98 | 93.41 |
| 10 | CARECENTRIX TL B | -1.43% | 96.65 | 98.06 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/10/21 – 12/17/21
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 12/10/21 – 12/17/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/10/21 vs. the week ending 12/17/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MEHILAINEN EUR TL B2 | 47 | 72 | 25 | 53% |
| 2 | TWIN RIVER TL B | 60 | 81 | 21 | 35% |
| 3 | SIGMA BIDCO TL B2 | 48 | 69 | 21 | 44% |
| 4 | CINEWORLD TL B | 52 | 72 | 20 | 38% |
| 5 | CALIBER COLLISION TL | 50 | 70 | 20 | 40% |
| 6 | EASTERN POWER TL B | 33 | 53 | 20 | 61% |
| 7 | FRONERI TL B | 62 | 80 | 18 | 29% |
| 8 | CLARION EVENTS TL | 38 | 56 | 18 | 47% |
| 9 | UBER TECHNOLOGIES TL B | 73 | 91 | 18 | 25% |
| 10 | ALPHA BIDCO EUR TL B | 42 | 59 | 17 | 40% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/10/21 – 12/17/21
| RANK | TRANCHE | DEALERS |
| 1 | LUMILEDS TL B | 19 |
| 2 | IFCO EUR TL B | 19 |
| 3 | SYNLAB EUR TL B5 | 18 |
| 4 | HUB INTL LTD TL B | 18 |
| 5 | DAE AVIATION TL | 18 |
| 6 | ELSAN GROUPE EXT EUR TL B | 17 |
| 7 | STARK GROUP EUR TL B | 17 |
| 8 | FONCIA GROUPE EUR TL B | 17 |
| 9 | CEVA SANTE ANIMALE EUR TL B | 17 |
| 10 | CINEWORLD TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/10/21 – 12/17/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 12/10/21 – 12/17/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
