Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 5/22/20
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 5/15/20 – 5/22/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 6,451 | REFINITV TL B | 0.75% | 97.91 | 97.18 | 10 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 0.38% | 64.57 | 64.32 | 16 |
| 3 | 4,750 | DELL TL B | 0.78% | 97.63 | 96.87 | 15 |
| 4 | 4,750 | ZAYO TL | 0.84% | 94.52 | 93.74 | 12 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL | 1.51% | 86.72 | 85.42 | 10 |
| 6 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.56% | 96.71 | 96.17 | 10 |
| 7 | 4,250 | BERRY PLASTICS TL Y | 0.57% | 95.86 | 95.32 | 13 |
| 8 | 4,200 | JOHNSON CONTROLS INTL PUBLIC LTD CO TL | 3.21% | 93.08 | 90.19 | 10 |
| 9 | 4,197 | AKZONOBEL TL B | 0.48% | 93.73 | 93.28 | 10 |
| 10 | 3,861 | PETSMART CONSENTED TL B2 | 0.96% | 97.91 | 96.98 | 11 |
| 11 | 3,575 | STARS GROUP TL B | 0.28% | 97.81 | 97.53 | 10 |
| 12 | 3,524 | TRANSDIGM INC. TL F | 0.57% | 87.87 | 87.37 | 16 |
| 13 | 3,325 | CINEWORLD TL B | 2.86% | 62.95 | 61.20 | 14 |
| 14 | 3,300 | BMC SOFTWARE TL B | 1.74% | 92.19 | 90.62 | 18 |
| 15 | 3,300 | NTL CABLE PLC TL N | 1.03% | 95.25 | 94.28 | 12 |
| 16 | 3,275 | SCIENTIFIC GAMES TL B5 | 3.04% | 85.82 | 83.28 | 14 |
| 17 | 3,210 | HUB INTL LTD TL B | 0.54% | 94.40 | 93.90 | 11 |
| 18 | 3,165 | MULTIPLAN TL B | 1.75% | 94.03 | 92.42 | 10 |
| 19 | 3,161 | JAGUAR HOLDING CO I TL | 0.99% | 98.88 | 97.91 | 13 |
| 20 | 2,918 | AVAYA TL B | 3.00% | 91.99 | 89.31 | 10 |
| AVERAGE | 3,996 | 1.29% | 90.99 | 89.86 | 12.3 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 5/15/20 – 5/22/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | EAGLECLAW TL B | 34.04% | 64.18 | 47.88 |
| 2 | JO-ANN STORES TL B | 29.96% | 39.58 | 30.45 |
| 3 | TNT CRANE TL | 25.62% | 69.01 | 54.93 |
| 4 | WHEEL PROS TL | 16.60% | 82.82 | 71.03 |
| 5 | STETSON MIDSTREAM TL B | 15.95% | 54.49 | 47.00 |
| 6 | CRESTWOOD MIDSTREAM TL B | 13.73% | 44.07 | 38.75 |
| 7 | JCREW CONSENTED TL B | 13.35% | 44.99 | 39.69 |
| 8 | YAK MAT TL B | 12.66% | 76.42 | 67.83 |
| 9 | BOYD CORP 2ND LIEN TL | 12.49% | 62.87 | 55.89 |
| 10 | CEVA GROUP TL B | 11.03% | 65.73 | 59.20 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 5/15/20 – 5/22/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | ANCHOR GLASS 2ND LIEN TL | -22.58% | 29.75 | 38.43 |
| 2 | RENFRO TL B | -16.05% | 37.67 | 44.87 |
| 3 | FITNESS & SPORT CLUBS TL B | -15.16% | 55.82 | 65.80 |
| 4 | JC PENNEY TL B | -14.21% | 34.03 | 39.67 |
| 5 | EQUINOX HLDGS INC TL B | -8.40% | 72.92 | 79.60 |
| 6 | ASCENA RETAIL TL B | -7.42% | 20.11 | 21.72 |
| 7 | MB AEROSPACE TL B | -7.04% | 67.96 | 73.11 |
| 8 | CHASSIX TL B | -6.29% | 62.75 | 66.96 |
| 9 | BUCCANEER TL | -6.20% | 60.32 | 64.30 |
| 10 | FOGO DE CHAO TL | -6.01% | 56.32 | 59.92 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 5/15/20 – 5/22/20
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 5/15/20 – 5/22/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 5/15/20 vs. the week ending 5/22/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | GENESIS CARE TL B | 2 | 22 | 20 | 1000% |
| 2 | FRONERI TL B | 18 | 34 | 16 | 89% |
| 3 | KLOECKNER TL B | 14 | 30 | 16 | 114% |
| 4 | PARQUES REUNIDOS SA EUR TL B | 0 | 14 | 14 | N/A |
| 5 | FILTRATION GROUP EUR TL B | 2 | 16 | 14 | 700% |
| 6 | DAE AVIATION TL | 32 | 46 | 14 | 44% |
| 7 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 36 | 50 | 14 | 39% |
| 8 | BWAY HOLDING TL B | 27 | 40 | 13 | 48% |
| 9 | KENAN TL B1 | 23 | 36 | 13 | 57% |
| 10 | PREGIS TL B | 12 | 25 | 13 | 108% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 5/15/20 – 5/22/20
| RANK | TRANCHE | DEALERS |
| 1 | HERTZ TL | 20 |
| 2 | BMC SOFTWARE TL B | 18 |
| 3 | AVIS BUDGET TL B | 17 |
| 4 | PEAK 10 TL | 17 |
| 5 | VERISURE EUR TL B1 | 16 |
| 6 | ENVISION HEALTHCARE TL B | 16 |
| 7 | AMC ENTERTAINMENT TL B1 | 16 |
| 8 | EIRCOM FINCO SARL EUR TL B | 16 |
| 9 | TRANSDIGM INC. TL F | 16 |
| 10 | GTT COMMUNICATIONS TL B | 16 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 5/15/20 – 5/22/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 5/15/20 – 5/22/20
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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