Syndicated Bank Loans
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary:
Week Ending 3/26/21
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 3/19/21 – 3/26/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 5,450 | ENVISION HEALTHCARE TL B | 0.09% | 86.08 | 86.00 | 16 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | N/A | 99.82 | 99.82 | 13 |
| 3 | 5,000 | QWEST CORPORATION TL B | 0.24% | 98.79 | 98.55 | 11 |
| 4 | 4,750 | ZAYO TL | -0.06% | 99.09 | 99.15 | 17 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.14% | 98.29 | 98.15 | 15 |
| 6 | 4,581 | VALUE-BASED TL B | -0.06% | 100.04 | 100.09 | 10 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | -0.15% | 99.59 | 99.74 | 13 |
| 8 | 4,475 | UNIVISION TL C5 | -0.23% | 99.02 | 99.24 | 12 |
| 9 | 4,197 | AKZONOBEL TL B | -0.20% | 98.61 | 98.80 | 11 |
| 10 | 3,582 | MISYS TL B | -0.13% | 97.79 | 97.91 | 15 |
| 11 | 3,575 | STARS GROUP TL B | -0.13% | 100.08 | 100.21 | 16 |
| 12 | 3,524 | TRANSDIGM INC. TL F | -0.41% | 97.84 | 98.25 | 14 |
| 13 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.04% | 99.72 | 99.68 | 13 |
| 14 | 3,500 | AMERICAN AIRLINES TL B | -0.35% | 102.16 | 102.52 | 11 |
| 15 | 3,338 | ASURION TL B6 | -0.05% | 99.73 | 99.78 | 10 |
| 16 | 3,325 | CINEWORLD TL B | 0.20% | 85.20 | 85.03 | 15 |
| 17 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | -0.18% | 99.57 | 99.75 | 10 |
| 18 | 3,312 | HUB INTL LTD TL B | -0.15% | 98.52 | 98.67 | 18 |
| 19 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -1.01% | 71.22 | 71.95 | 12 |
| 20 | 3,300 | NTL CABLE PLC TL N | 0.15% | 99.00 | 98.85 | 13 |
| AVERAGE | 4,020 | -0.11% | 96.51 | 96.61 | 13.3 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 3/19/21 – 3/26/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | BELK EXIT SO TL | 18.56% | 61.65 | 52.00 |
| 2 | SERTA SIMMONS TL | 7.15% | 61.45 | 57.36 |
| 3 | CATALINA MARKETING EXIT PIK TL | 6.31% | 42.50 | 39.98 |
| 4 | WATERBRIDGE OPERATING TL B | 5.00% | 93.63 | 89.17 |
| 5 | RCS CAPITAL 2ND LIEN TL | 3.05% | 97.40 | 94.52 |
| 6 | GULF FINANCE TL | 2.96% | 82.09 | 79.73 |
| 7 | LUMILEDS TL B | 2.94% | 72.06 | 70.00 |
| 8 | BROWN JORDAN INTERNATIONAL TL B | 2.89% | 88.52 | 86.03 |
| 9 | GTT COMMUNICATIONS TL B | 2.33% | 80.97 | 79.13 |
| 10 | LONESTAR II GENERATION HOLDINGS TL C | 1.50% | 96.39 | 94.96 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 3/19/21 – 3/26/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | LIGHTSTONE GENERATION LLC TL B | -8.77% | 78.47 | 86.02 |
| 2 | GOPHER RESOURCE TL | -4.97% | 94.51 | 99.45 |
| 3 | AVERYS 2ND LIEN EUR TL B | -2.67% | 89.00 | 91.45 |
| 4 | CARECENTRIX TL B | -2.62% | 93.44 | 95.95 |
| 5 | AREAS EUR TL B1 | -2.30% | 90.08 | 92.21 |
| 6 | VERMAAT GROEP EUR TL B | -1.72% | 93.48 | 95.12 |
| 7 | SIRVA WORLDWIDE TL | -1.49% | 90.72 | 92.09 |
| 8 | AMERICAN AIRLINES TL B | -1.41% | 88.26 | 89.53 |
| 9 | HOTELBEDS EUR TL B | -1.31% | 88.20 | 89.37 |
| 10 | ASMODEE EUR TL B2 | -1.28% | 98.42 | 99.70 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 3/19/21 – 3/26/21
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 3/19/21 – 3/26/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 3/19/21 vs. the week ending 3/26/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | TRITON WATER TL B | 18 | 82 | 64 | 356% |
| 2 | CAESARS RESORT COLLECTION TL B | 59 | 118 | 59 | 100% |
| 3 | BOMBARDIER RECREATIONAL TL B | 52 | 108 | 56 | 108% |
| 4 | AMERICAN AIRLINES TL B | 24 | 80 | 56 | 233% |
| 5 | AMERICAN AIRLINES TL B | 16 | 70 | 54 | 338% |
| 6 | AMERICAN AIRLINES TL B | 8 | 62 | 54 | 675% |
| 7 | FRONERI TL B | 56 | 110 | 54 | 96% |
| 8 | SCIENTIFIC GAMES TL B5 | 64 | 116 | 52 | 81% |
| 9 | GOLDEN NUGGET INC TL B | 40 | 90 | 50 | 125% |
| 10 | NATIONAL MENTOR TL B | 44 | 93 | 49 | 111% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 3/19/21 – 3/26/21
| RANK | TRANCHE | DEALERS |
| 1 | SIGMA BIDCO EUR TL B1 | 19 |
| 2 | TELENET EUR TL | 19 |
| 3 | BIOGROUP DD EUR TL B | 19 |
| 4 | BANIJAY GROUP EUR TL B | 18 |
| 5 | SYNLAB EUR TL B5 | 18 |
| 6 | ELSAN GROUPE EUR TL B | 18 |
| 7 | HUB INTL LTD TL B | 18 |
| 8 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 9 | TECHEM EUR TL B4 | 18 |
| 10 | ZIGGO EUR TL H | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 3/19/21 – 3/26/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 3/19/21 – 3/26/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
