Syndicated Bank Loan Market Summary – Week Ending 12/24/20
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Syndicated Bank Loan Market Summary: Week Ending 12/24/20
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 12/18/20 – 12/24/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,451 | REFINITV TL B | -0.06% | 99.79 | 99.84 | 11 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 1.00% | 82.79 | 81.97 | 15 |
| 3 | 5,100 | CHANGE HEALTHCARE TL B | -0.03% | 99.31 | 99.34 | 13 |
| 4 | 5,000 | QWEST CORPORATION TL B | -0.13% | 98.28 | 98.41 | 12 |
| 5 | 4,750 | ZAYO TL | -0.18% | 98.78 | 98.96 | 18 |
| 6 | 4,750 | DELL TL B | 0.03% | 100.01 | 99.98 | 17 |
| 7 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.89% | 97.52 | 98.39 | 14 |
| 8 | 4,250 | BERRY PLASTICS TL X | 0.08% | 99.66 | 99.58 | 10 |
| 9 | 4,197 | AKZONOBEL TL B | 0.09% | 98.34 | 98.25 | 11 |
| 10 | 3,582 | MISYS TL B | -0.32% | 97.55 | 97.86 | 14 |
| 11 | 3,575 | STARS GROUP TL B | -0.01% | 100.25 | 100.26 | 17 |
| 12 | 3,524 | TRANSDIGM INC. TL F | -0.10% | 97.99 | 98.08 | 16 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.39% | 99.55 | 99.94 | 15 |
| 14 | 3,415 | ENDO HEALTH TL B | -0.02% | 98.45 | 98.47 | 11 |
| 15 | 3,325 | CINEWORLD TL B | 1.35% | 67.12 | 66.23 | 12 |
| 16 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.00% | 99.35 | 99.36 | 10 |
| 17 | 3,312 | HUB INTL LTD TL B | -0.12% | 97.95 | 98.07 | 16 |
| 18 | 3,300 | BMC SOFTWARE TL B | -0.01% | 99.56 | 99.58 | 16 |
| 19 | 3,300 | NTL CABLE PLC TL N | 0.06% | 98.96 | 98.90 | 15 |
| 20 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | 0.08% | 87.40 | 87.33 | 12 |
| AVERAGE | 4,106 | 0.02% | 95.93 | 95.94 | 13.8 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 12/18/20 – 12/24/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | CRESTWOOD MIDSTREAM TL B | 9.88% | 75.07 | 68.32 |
| 2 | NBG HOME TL | 4.69% | 78.75 | 75.23 |
| 3 | MSX INTERNATIONAL TL B4 | 4.58% | 89.74 | 85.81 |
| 4 | AMER SPORTS EUR TL B2 | 4.40% | 98.57 | 94.41 |
| 5 | AS ADVENTURE EUR TL B | 3.58% | 49.78 | 48.06 |
| 6 | 99 CENTS ONLY EXT PIK TL B | 3.25% | 98.74 | 95.63 |
| 7 | PGS TL B | 3.09% | 80.58 | 78.16 |
| 8 | DEX MEDIA EAST TL | 2.95% | 96.22 | 93.46 |
| 9 | EDWARD DON TL B | 2.80% | 88.03 | 85.64 |
| 10 | SPARTA SYSTEMS TL | 2.75% | 99.67 | 97.00 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 12/18/20 – 12/24/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | ASCENA RETAIL TL | -6.00% | 32.62 | 34.70 |
| 2 | FRONTERA TL B | -5.89% | 22.98 | 24.42 |
| 3 | HOFMANN MENU EUR TL B | -5.42% | 84.83 | 89.69 |
| 4 | NSO GROUP EUR TL | -2.92% | 86.29 | 88.89 |
| 5 | SABRE TL B | -2.84% | 97.52 | 100.37 |
| 6 | WYNDHAM DESTINATIONS, INC. TL B | -2.07% | 96.52 | 98.55 |
| 7 | HOTELBEDS EUR TL B | -2.04% | 88.81 | 90.66 |
| 8 | AUDIO VISUAL EXT TL B | -1.99% | 88.86 | 90.67 |
| 9 | ANASTASIA BEVERLY HILLS TL B | -1.49% | 66.05 | 67.04 |
| 10 | TRAVELPORT TL B | -1.27% | 68.00 | 68.88 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/18/20 – 12/24/20 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 12/18/20 – 12/24/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/18/20 vs. the week ending 12/24/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | TIPICO EUR TL B | 0 | 12 | 12 | N/A |
| 2 | WR GRACE TL B2 | 16 | 28 | 12 | 75% |
| 3 | ACADIA HEALTHCARE TL B4 | 20 | 30 | 10 | 50% |
| 4 | TRIMARK SO P TL | 2 | 11 | 9 | 450% |
| 5 | OGF(POMPES FUNEBRES GENERALE) EUR TL B | 0 | 8 | 8 | N/A |
| 6 | PARQUES REUNIDOS SA EUR TL B | 8 | 16 | 8 | 100% |
| 7 | PLAYA RESORTS TL A1 | 0 | 8 | 8 | N/A |
| 8 | VERISURE EUR TL B | 0 | 8 | 8 | N/A |
| 9 | VERISURE EUR TL B1 | 16 | 24 | 8 | 50% |
| 10 | WEDDINGWIRE TL | 0 | 8 | 8 | N/A |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/18/20 – 12/24/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TELENET EUR TL | 20 |
| 2 | SYNLAB EUR TL B3 | 19 |
| 3 | ZIGGO EUR TL H | 19 |
| 4 | BRAND ENERGY TL | 19 |
| 5 | VERISURE EUR TL B | 18 |
| 6 | SIGMA BIDCO EUR TL B | 18 |
| 7 | ZAYO TL | 18 |
| 8 | EIRCOM FINCO SARL EUR TL B | 18 |
| 9 | AKZONOBEL EUR TL B | 17 |
| 10 | SOLARWINDS TL | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/18/20 – 12/24/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 12/18/20 – 12/24/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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