Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 5/21/21
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 5/14/21 – 5/21/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -0.87% | 84.99 | 85.74 | 15 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | 0.04% | 99.89 | 99.85 | 10 |
| 3 | 5,000 | QWEST CORPORATION TL B | 0.09% | 98.99 | 98.90 | 11 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | 0.02% | 100.42 | 100.40 | 11 |
| 5 | 4,750 | ZAYO TL | 0.30% | 99.25 | 98.95 | 14 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.10% | 99.03 | 98.94 | 13 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.27% | 99.42 | 99.16 | 13 |
| 8 | 4,475 | UNIVISION TL C5 | 0.03% | 99.86 | 99.84 | 13 |
| 9 | 3,582 | MISYS TL B | 0.12% | 98.50 | 98.39 | 15 |
| 10 | 3,575 | STARS GROUP TL B | 0.03% | 100.32 | 100.29 | 14 |
| 11 | 3,524 | TRANSDIGM INC. TL F | 0.08% | 98.42 | 98.34 | 13 |
| 12 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.18% | 99.87 | 99.69 | 13 |
| 13 | 3,338 | ASURION TL B6 | 0.06% | 99.74 | 99.69 | 10 |
| 14 | 3,325 | CINEWORLD TL B | 0.21% | 84.75 | 84.57 | 12 |
| 15 | 3,312 | HUB INTL LTD TL B | 0.26% | 98.93 | 98.67 | 15 |
| 16 | 3,300 | NTL CABLE PLC TL N | 0.09% | 99.23 | 99.14 | 12 |
| 17 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.24% | 98.98 | 98.74 | 11 |
| 18 | 3,165 | MULTIPLAN TL B | 0.24% | 99.83 | 99.59 | 13 |
| 19 | 3,100 | COLORADO BUYER 2ND LIEN TL | -0.06% | 98.50 | 98.56 | 10 |
| 20 | 3,100 | ASURION TL B8 | 0.09% | 99.43 | 99.34 | 10 |
| AVERAGE | 3,958 | 0.08% | 97.92 | 97.84 | 12.4 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 5/14/21 – 5/21/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | PEABODY ENERGY TL B | 15.58% | 46.47 | 40.20 |
| 2 | ELECTRONICS FOR IMAGING 2ND LIEN TL | 9.07% | 76.49 | 70.12 |
| 3 | INNOVATIVE WATER 2ND LIEN TL | 6.62% | 92.00 | 86.29 |
| 4 | NEUSTAR 2ND LIEN TL B | 5.30% | 94.57 | 89.82 |
| 5 | GOPHER RESOURCE TL | 4.94% | 89.76 | 85.54 |
| 6 | HILDING ANDERS EUR TL | 3.14% | 79.21 | 76.81 |
| 7 | IMAGINA MEDIA AUDIOVISUAL SL EUR TL B2 | 2.79% | 92.00 | 89.50 |
| 8 | PRINCE MINERALS TL | 2.61% | 98.99 | 96.47 |
| 9 | ANASTASIA BEVERLY HILLS TL B | 2.43% | 70.59 | 68.92 |
| 10 | WENCOR GROUP 2ND LIEN TL | 2.20% | 88.05 | 86.16 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 5/14/21 – 5/21/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | UNITED ROAD SERVICES TL | -3.97% | 79.21 | 82.48 |
| 2 | SINCLAIR BROADCAST GROUP INC. TL B | -2.53% | 71.17 | 73.01 |
| 3 | SERVICE KING TL B | -1.83% | 98.33 | 100.16 |
| 4 | OUTERSTUFF TL B | -1.83% | 63.89 | 65.08 |
| 5 | STEINHOFF EUROPE TL A2 | -1.37% | 85.75 | 86.94 |
| 6 | HARLAND CLARKE TL B7 | -1.34% | 90.21 | 91.44 |
| 7 | GTT COMMUNICATIONS TL B | -1.07% | 83.93 | 84.84 |
| 8 | LIMETREE BAY TL B | -0.92% | 89.58 | 90.41 |
| 9 | ENVISION HEALTHCARE TL B | -0.87% | 84.99 | 85.74 |
| 10 | TRADESMEN TL | -0.72% | 86.45 | 87.08 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 5/14/21 – 5/21/21
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 5/14/21 – 5/21/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 5/14/21 vs. the week ending 5/21/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | DOOSAN BOBCAT EXT TL B | 6 | 44 | 38 | 633% |
| 2 | SRAM TL B | 6 | 38 | 32 | 533% |
| 3 | LANDESK TL B | 27 | 51 | 24 | 89% |
| 4 | ION CORPORATES TL B | 32 | 52 | 20 | 63% |
| 5 | PLY GEM TL | 40 | 60 | 20 | 50% |
| 6 | ST. GEORGE LOGISTICS TL B | 20 | 38 | 18 | 90% |
| 7 | TRONOX PIGMENTS TL B | 58 | 76 | 18 | 31% |
| 8 | WEX MED CORP TL B3 | 60 | 78 | 18 | 30% |
| 9 | WILSONART INTERNATIONAL TL E | 54 | 72 | 18 | 33% |
| 10 | GARDNER DENVER TL B | 40 | 58 | 18 | 45% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 5/14/21 – 5/21/21
| RANK | TRANCHE | DEALERS |
| 1 | SIGMA BIDCO EUR TL B1 | 19 |
| 2 | TECHEM EUR TL B4 | 19 |
| 3 | TELENET EUR TL | 19 |
| 4 | BIOGROUP DD EUR TL B | 19 |
| 5 | ELSAN GROUPE EUR TL B | 18 |
| 6 | LUMILEDS TL B | 18 |
| 7 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 8 | ZIGGO EUR TL H | 18 |
| 9 | BANIJAY GROUP EUR TL B | 18 |
| 10 | NTL CABLE PLC EUR TL R | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 5/14/21 – 5/21/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 5/14/21 – 5/21/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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