Syndicated Bank Loan Market Summary – Week Ending 6/19/20
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Syndicated Bank Loan Market Summary: Week Ending 6/19/20
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 6/12/20 – 6/19/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -0.78% | 71.31 | 71.87 | 17 |
| 2 | 4,750 | DELL TL B | 0.51% | 98.45 | 97.95 | 15 |
| 3 | 4,750 | ZAYO TL | 0.18% | 96.69 | 96.51 | 12 |
| 4 | 4,700 | CAESARS RESORT COLLECTION TL | 0.19% | 92.86 | 92.68 | 12 |
| 5 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.09% | 98.57 | 98.49 | 10 |
| 6 | 4,475 | UNIVISION TL C5 | 10.09% | 95.07 | 86.36 | 10 |
| 7 | 4,250 | BERRY PLASTICS TL Y | 0.23% | 97.46 | 97.23 | 13 |
| 8 | 4,200 | JOHNSON CONTROLS INTL PUBLIC LTD CO TL | -0.51% | 96.95 | 97.45 | 10 |
| 9 | 4,197 | AKZONOBEL TL B | -0.48% | 95.80 | 96.26 | 11 |
| 10 | 4,000 | T-MOBILE USA TL B | 0.00% | 100.03 | 100.02 | 12 |
| 11 | 3,582 | MISYS TL B | -0.17% | 89.93 | 90.08 | 12 |
| 12 | 3,575 | STARS GROUP TL B | 0.19% | 99.59 | 99.40 | 13 |
| 13 | 3,524 | TRANSDIGM INC. TL F | -0.74% | 93.02 | 93.71 | 16 |
| 14 | 3,415 | ENDO HEALTH TL B | 1.03% | 95.61 | 94.64 | 12 |
| 15 | 3,325 | CINEWORLD TL B | -0.78% | 77.89 | 78.50 | 15 |
| 16 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | -0.28% | 96.75 | 97.02 | 10 |
| 17 | 3,312 | HUB INTL LTD TL B | -0.22% | 96.82 | 97.03 | 11 |
| 18 | 3,300 | BMC SOFTWARE TL B | 0.02% | 95.65 | 95.64 | 15 |
| 19 | 3,300 | NTL CABLE PLC TL N | 0.01% | 97.10 | 97.09 | 10 |
| 20 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.02% | 91.34 | 91.32 | 12 |
| AVERAGE | 3,963 | 0.43% | 93.84 | 93.46 | 12.4 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 6/12/20 – 6/19/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | ASCENA RETAIL TL B | 34.80% | 32.00 | 23.74 |
| 2 | TECHNICOLOR TL B | 19.01% | 42.25 | 35.50 |
| 3 | ACCURIDE TL B | 16.24% | 50.74 | 43.65 |
| 4 | ALLIANCE HEALTH TL B | 15.88% | 63.48 | 54.78 |
| 5 | SHAPE TECHNOLOGIES TL | 13.67% | 77.00 | 67.74 |
| 6 | AMERICAN AIRLINES TL B | 13.63% | 80.40 | 70.75 |
| 7 | SYNCREON TL B | 13.22% | 68.60 | 60.60 |
| 8 | EMERALD EXPOSITIONS TL B | 12.69% | 87.38 | 77.54 |
| 9 | CRESTWOOD MIDSTREAM TL B | 12.39% | 63.83 | 56.79 |
| 10 | TENSAR 2ND LIEN TL | 12.21% | 74.27 | 66.19 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 6/12/20 – 6/19/20
| RANK | NAME | CHANGE | PX | PX-1W |
|---|---|---|---|---|
| 1 | V GROUP TL B | -7.64% | 73.36 | 79.43 |
| 2 | ASK CHEMICALS EUR TL | -6.45% | 70.93 | 75.82 |
| 3 | DONCASTERS PIK TL | -5.38% | 41.98 | 44.37 |
| 4 | COLORADO BUYER 2ND LIEN TL | -4.71% | 34.76 | 36.48 |
| 5 | 24 HOUR FITNESS TL B | -4.71% | 26.41 | 27.72 |
| 6 | AMERICAN AIRLINES TL B | -4.41% | 73.21 | 76.59 |
| 7 | MISTER CAR WASH TL B | -3.69% | 90.58 | 94.05 |
| 8 | CONDUENT TL B | -3.31% | 89.82 | 92.90 |
| 9 | LEARNING CARE TL B | -3.19% | 85.81 | 88.64 |
| 10 | VIVID SEATS TL | -3.02% | 83.40 | 86.00 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 6/12/20 – 6/19/20 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 6/12/20 – 6/19/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 6/12/20 vs. the week ending 6/19/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | WINDSTREAM SERVICES LLC TL B7 | 16 | 58 | 42 | 263% |
| 2 | TECTUM HOLDINGS INC TL | 18 | 49 | 31 | 172% |
| 3 | HARLAND CLARKE TL B7 | 21 | 48 | 27 | 129% |
| 4 | JAGUAR HOLDING CO I TL | 36 | 60 | 24 | 67% |
| 5 | UNIVISION TL C5 | 10 | 34 | 24 | 240% |
| 6 | AMERICAN AIRLINES TL B | 11 | 34 | 23 | 209% |
| 7 | AMERICAN AIRLINES TL B | 8 | 30 | 22 | 275% |
| 8 | PEAK 10 TL | 30 | 51 | 21 | 70% |
| 9 | ELEMENT MATERIALS TL B | 6 | 26 | 20 | 333% |
| 10 | CAESARS RESORT COLLECTION TL | 27 | 46 | 19 | 70% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 6/12/20 – 6/19/20
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | HERTZ TL | 19 |
| 2 | WINDSTREAM SERVICES LLC TL B7 | 18 |
| 3 | AMC ENTERTAINMENT TL B1 | 17 |
| 4 | GTT COMMUNICATIONS TL B | 17 |
| 5 | ENVISION HEALTHCARE TL B | 17 |
| 6 | ACTION NEDERLAND EUR TL B | 17 |
| 7 | TRANSDIGM INC. TL G | 16 |
| 8 | TRANSDIGM INC. TL F | 16 |
| 9 | TELENET EUR TL A | 15 |
| 10 | CINEWORLD TL B | 15 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 6/12/20 – 6/19/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 6/12/20 – 6/19/20 Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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