Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 12/31/20
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 12/24/20 – 12/31/20
RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
1 | 10,649 | INOVYN EUR TL B | -0.02% | 99.52 | 99.54 | 10 |
2 | 6,451 | REFINITV TL B | -0.04% | 99.75 | 99.79 | 11 |
3 | 5,450 | ENVISION HEALTHCARE TL B | 0.22% | 82.97 | 82.79 | 16 |
4 | 5,100 | CHANGE HEALTHCARE TL B | 0.16% | 99.47 | 99.31 | 14 |
5 | 5,000 | QWEST CORPORATION TL B | 0.47% | 98.75 | 98.28 | 13 |
6 | 4,750 | ZAYO TL | 0.51% | 99.29 | 98.78 | 18 |
7 | 4,750 | DELL TL B | 0.01% | 100.02 | 100.01 | 17 |
8 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.51% | 98.01 | 97.52 | 14 |
9 | 4,250 | BERRY PLASTICS TL X | 0.19% | 99.85 | 99.66 | 11 |
10 | 4,197 | AKZONOBEL TL B | 0.32% | 98.66 | 98.34 | 10 |
11 | 3,582 | MISYS TL B | 0.19% | 97.73 | 97.55 | 13 |
12 | 3,575 | STARS GROUP TL B | 0.05% | 100.30 | 100.25 | 16 |
13 | 3,524 | TRANSDIGM INC. TL F | -0.03% | 97.96 | 97.99 | 17 |
14 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.12% | 99.67 | 99.55 | 15 |
15 | 3,415 | ENDO HEALTH TL B | -0.18% | 98.27 | 98.45 | 11 |
16 | 3,325 | CINEWORLD TL B | 0.77% | 67.64 | 67.12 | 12 |
17 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.12% | 99.47 | 99.35 | 10 |
18 | 3,312 | HUB INTL LTD TL B | 0.19% | 98.14 | 97.95 | 16 |
19 | 3,300 | BMC SOFTWARE TL B | -0.08% | 99.49 | 99.56 | 17 |
20 | 3,300 | NTL CABLE PLC TL N | 0.07% | 99.03 | 98.96 | 14 |
AVERAGE | 4,473 | 0.18% | 96.70 | 96.54 | 13.8 |
Top 20 Winners
Showcases the top 20 loan “winners” based on the largest bid price increases between 12/24/20 – 12/31/20
RANK | NAME | CHANGE | PX | PX-1W |
1 | DONCASTERS PIK TL | 15.47% | 40.42 | 35.00 |
2 | GLASS MOUNTAIN PIPELINE TL B | 15.40% | 50.98 | 44.18 |
3 | LIGADO NETWORKS TL B | 4.44% | 95.63 | 91.57 |
4 | CONDUENT BUSINESS SERVICES TL A | 4.36% | 96.23 | 92.21 |
5 | DAYCO TL B | 4.28% | 76.55 | 73.41 |
6 | MITEL NETWORKS TL | 4.18% | 90.11 | 86.49 |
7 | MEDICAL DEPOT TL B | 3.66% | 83.39 | 80.45 |
8 | RCS CAPITAL 2ND LIEN TL | 3.46% | 92.58 | 89.48 |
9 | SOLENIS 2ND LIEN TL | 3.10% | 99.59 | 96.59 |
10 | CVENT TL B | 1.57% | 82.19 | 80.92 |
11 | STRIKE TL B | 2.38% | 78.61 | 76.78 |
12 | AVISON YOUNG TL | 2.14% | 95.21 | 93.21 |
13 | RADIO ONE TL B | 2.08% | 93.14 | 91.24 |
14 | CUMULUS MEDIA TL | 1.98% | 98.06 | 96.16 |
15 | WOODFORD EXPRESS TL B | 1.93% | 73.90 | 72.50 |
16 | FLY LEASING TL | 1.84% | 94.50 | 92.79 |
17 | CITGO HOLDING TL | 1.76% | 93.10 | 91.49 |
18 | KINDERCARE LEARNING CENTER 2ND LIEN TL | 1.74% | 94.76 | 93.14 |
19 | SIRVA WORLDWIDE TL | 1.65% | 89.24 | 87.79 |
20 | RODAN & FIELDS TL B | 1.57% | 82.19 | 80.92 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/24/20 – 12/31/20
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 12/24/20 – 12/31/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/24/20 vs. the week ending 12/31/20
RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | COMMERCIAL VEHICLE GROUP TL B | 0 | 14 | 14 | N/A |
2 | CENGAGE TL | 16 | 28 | 12 | 75% |
3 | AMC ENTERTAINMENT TL B1 | 22 | 34 | 12 | 55% |
4 | MCGRAW-HILL GLOBAL TL | 18 | 30 | 12 | 67% |
5 | PYXUS INTERNATIONAL EXIT TL | 0 | 12 | 12 | 0% |
6 | SINCLAIR BROADCAST GROUP INC. TL B | 8 | 18 | 10 | 125% |
7 | K&N TL | 14 | 24 | 10 | 71% |
8 | EW SCRIPPS TL B | 24 | 34 | 10 | 42% |
9 | HOLLEY PURCHASER TL | 0 | 10 | 10 | 0% |
10 | ASURION TL B8 | 24 | 34 | 10 | 42% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/24/20 – 12/31/20
RANK | TRANCHE | DEALERS |
1 | ZIGGO EUR TL H | 19 |
2 | EIRCOM FINCO SARL EUR TL B | 19 |
3 | ZAYO TL | 18 |
4 | BRAND ENERGY TL | 18 |
5 | AMC ENTERTAINMENT TL B1 | 18 |
6 | TELENET EUR TL | 18 |
7 | CAMPING WORLD TL B | 18 |
8 | VERISURE EUR TL B | 17 |
9 | SOLARWINDS TL | 17 |
10 | GTT COMMUNICATIONS TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/24/20 – 12/31/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 12/24/20 – 12/31/20
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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