Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 12/4/20
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 11/27/20 – 12/4/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 10,649 | INOVYN EUR TL B | 0.07% | 99.48 | 99.40 | 10 |
| 2 | 6,451 | REFINITV TL B | 0.44% | 99.77 | 99.33 | 11 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | 1.39% | 81.74 | 80.61 | 14 |
| 4 | 5,100 | CHANGE HEALTHCARE TL B | 0.06% | 99.11 | 99.05 | 14 |
| 5 | 5,000 | QWEST CORPORATION TL B | 0.30% | 98.02 | 97.72 | 11 |
| 6 | 4,750 | ZAYO TL | 0.42% | 98.61 | 98.20 | 18 |
| 7 | 4,750 | DELL TL B | 0.14% | 99.90 | 99.77 | 16 |
| 8 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.04% | 96.69 | 96.73 | 13 |
| 9 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.51% | 99.12 | 98.62 | 10 |
| 10 | 4,250 | BERRY PLASTICS TL X | 0.12% | 99.19 | 99.07 | 10 |
| 11 | 4,197 | AKZONOBEL TL B | 0.17% | 98.19 | 98.03 | 11 |
| 12 | 3,582 | MISYS TL B | 0.85% | 97.53 | 96.71 | 13 |
| 13 | 3,575 | STARS GROUP TL B | -0.03% | 100.18 | 100.21 | 17 |
| 14 | 3,524 | TRANSDIGM INC. TL F | 0.88% | 97.74 | 96.89 | 16 |
| 15 | 3,515 | LIFEPOINT HOSPITALS TL B | 1.31% | 99.21 | 97.92 | 15 |
| 16 | 3,415 | ENDO HEALTH TL B | 0.37% | 97.22 | 96.86 | 11 |
| 17 | 3,338 | ASURION TL B6 | 0.14% | 99.11 | 98.96 | 10 |
| 18 | 3,325 | CINEWORLD TL B | -2.28% | 73.28 | 74.99 | 14 |
| 19 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.52% | 99.10 | 98.59 | 10 |
| 20 | 3,312 | HUB INTL LTD TL B | 0.36% | 97.88 | 97.53 | 16 |
| AVERAGE | 4,538 | 0.29% | 96.55 | 96.26 | 13.0 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 11/27/20 – 12/4/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | HORNBLOWER TL | 9.77% | 83.73 | 76.27 |
| 2 | ANASTASIA BEVERLY HILLS TL B | 7.04% | 52.23 | 48.79 |
| 3 | AMERICAN AIRLINES TL B | 6.93% | 79.26 | 74.12 |
| 4 | SPECTRUM PLASTICS 2ND LIEN TL | 5.96% | 87.71 | 82.78 |
| 5 | ENNIS-FLINT TL | 5.76% | 97.02 | 91.74 |
| 6 | FITNESS & SPORT CLUBS TL A | 5.64% | 85.64 | 81.06 |
| 7 | BUCCANEER 2ND LIEN TL | 5.38% | 56.99 | 54.08 |
| 8 | HURTIGRUTEN GROUP EUR TL B | 4.77% | 87.45 | 83.47 |
| 9 | GULF FINANCE TL | 4.48% | 75.23 | 72.01 |
| 10 | MOHEGAN TL B | 4.32% | 94.68 | 90.76 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 11/27/20 – 12/4/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | TRIMARK TL | -13.97% | 47.65 | 55.39 |
| 2 | GTT COMMUNICATIONS TL B | -8.60% | 77.16 | 84.42 |
| 3 | AFFINITY GAMING TL B | -7.74% | 86.22 | 93.45 |
| 4 | PERSTORP TL | -3.08% | 89.05 | 91.88 |
| 5 | RODENSTOCK EUR TL B | -2.50% | 94.89 | 97.33 |
| 6 | LIMETREE BAY TL B | -1.71% | 86.99 | 88.50 |
| 7 | ACCURIDE TL B | -1.49% | 86.55 | 87.86 |
| 8 | WR GRACE TL B | -0.92% | 97.14 | 98.04 |
| 9 | ELECTRONICS FOR IMAGING TL | -0.70% | 84.64 | 85.24 |
| 10 | PS LOGISTICS TL | -0.68% | 96.17 | 96.84 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/27/20 – 12/4/20
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 11/27/20 – 12/4/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/27/20 vs. the week ending 12/4/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | HUB INTL LTD TL B | 52 | 93 | 41 | 79% |
| 2 | THE NIELSEN COMPANY B.V. TL B4 | 46 | 84 | 38 | 83% |
| 3 | SINCLAIR BROADCAST GROUP INC. TL B | 0 | 37 | 37 | N/A |
| 4 | EPICOR SOFTWARE TL B | 36 | 73 | 37 | 103% |
| 5 | CAMPING WORLD TL B | 62 | 98 | 36 | 58% |
| 6 | CHUCK E CHEESE TL B | 22 | 58 | 36 | 164% |
| 7 | NEP TL B | 50 | 86 | 36 | 72% |
| 8 | TRANSDIGM INC. TL F | 52 | 86 | 34 | 65% |
| 9 | ALLIANT HLDGS I INC TL B | 36 | 70 | 34 | 94% |
| 10 | APPLIED SYSTEMS TL B | 20 | 53 | 33 | 165% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/27/20 – 12/4/20
| RANK | TRANCHE | DEALERS |
| 1 | BRAND ENERGY TL | 19 |
| 2 | ZAYO TL | 18 |
| 3 | TELENET EUR TL | 18 |
| 4 | ZIGGO EUR TL H | 18 |
| 5 | VERISURE EUR TL B | 17 |
| 6 | CAMPING WORLD TL B | 17 |
| 7 | VERISURE EUR TL B1 | 17 |
| 8 | SYNLAB EUR TL B3 | 17 |
| 9 | KLOECKNER TL B | 17 |
| 10 | TECHEM EUR TL B4 | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/27/20 – 12/4/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 11/27/20 – 12/4/20
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
