Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 7/17/20
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 7/10/20 – 7/17/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -0.40% | 65.04 | 65.30 | 14 |
| 2 | 5,000 | QWEST CORPORATION TL B | 0.96% | 95.92 | 95.00 | 10 |
| 3 | 4,750 | DELL TL B | 0.41% | 98.51 | 98.11 | 14 |
| 4 | 4,750 | ZAYO TL | 0.55% | 96.42 | 95.90 | 11 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL | 0.55% | 89.11 | 88.63 | 12 |
| 6 | 4,250 | BERRY PLASTICS TL Y | 0.47% | 96.65 | 96.20 | 13 |
| 7 | 4,197 | AKZONOBEL TL B | 1.10% | 96.92 | 95.87 | 11 |
| 8 | 4,000 | T-MOBILE USA TL B | 0.23% | 100.19 | 99.95 | 13 |
| 9 | 3,861 | PETSMART CONSENTED TL B2 | 0.36% | 99.44 | 99.08 | 10 |
| 10 | 3,582 | MISYS TL B | 1.71% | 90.86 | 89.34 | 12 |
| 11 | 3,575 | STARS GROUP TL B | 0.47% | 99.94 | 99.48 | 10 |
| 12 | 3,524 | TRANSDIGM INC. TL F | 0.20% | 92.05 | 91.87 | 14 |
| 13 | 3,325 | CINEWORLD TL B | -2.70% | 71.20 | 73.17 | 14 |
| 14 | 3,300 | BMC SOFTWARE TL B | 0.76% | 96.15 | 95.42 | 14 |
| 15 | 3,300 | NTL CABLE PLC TL N | 0.61% | 96.83 | 96.25 | 12 |
| 16 | 3,275 | SCIENTIFIC GAMES TL B5 | -0.11% | 89.43 | 89.52 | 12 |
| 17 | 3,165 | MULTIPLAN TL B | 2.81% | 97.89 | 95.22 | 10 |
| 18 | 3,161 | JAGUAR HOLDING CO I TL | 0.44% | 99.41 | 98.97 | 12 |
| 19 | 3,100 | COLORADO BUYER 2ND LIEN TL | 3.96% | 36.49 | 35.10 | 12 |
| 20 | 2,970 | BASS PRO SHOPS TL B | 1.35% | 97.55 | 96.25 | 10 |
| AVERAGE | 3,862 | 0.69% | 90.30 | 89.73 | 12.0 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 7/10/20 – 7/17/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | CIRQUE DE SOLEIL TL B | 22.45% | 48.00 | 39.20 |
| 2 | JO-ANN STORES TL B | 20.69% | 72.22 | 59.84 |
| 3 | FOGO DE CHAO TL | 9.46% | 73.09 | 66.78 |
| 4 | GO WIRELESS TL | 4.16% | 83.89 | 80.54 |
| 5 | PGS TL B | 3.76% | 61.99 | 59.75 |
| 6 | LIFEMILES TL B | 3.39% | 78.25 | 75.68 |
| 7 | BOYD CORP 2ND LIEN TL | 3.17% | 71.03 | 68.85 |
| 8 | PRECYSE HEALTHCARE TL B | 3.02% | 86.40 | 83.86 |
| 9 | HOLLEY PURCHASER TL | 2.74% | 84.32 | 82.08 |
| 10 | METRO-GOLDWYN-MAYER 2ND LIEN TL | 2.41% | 97.37 | 95.08 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/10/20 – 7/17/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | EQUINOX HLDGS INC 2ND LIEN TL | -12.27% | 57.91 | 66.01 |
| 2 | DONCASTERS PIK TL | -11.20% | 36.41 | 41.00 |
| 3 | MILLER’S ALE HOUSE TL B | -9.09% | 63.64 | 70.00 |
| 4 | EIF VAN HOOK HOLDINGS TL B | -4.54% | 59.68 | 62.51 |
| 5 | CINEWORLD TL B | -4.14% | 68.75 | 71.72 |
| 6 | KINOVE TL B | -3.92% | 93.14 | 96.94 |
| 7 | LUMILEDS TL B | -3.90% | 40.21 | 41.84 |
| 8 | PERSTORP EUR TL | -3.60% | 87.02 | 90.27 |
| 9 | COTY EUR TL A | -3.10% | 85.35 | 88.09 |
| 10 | DAE AVIATION TL B2 | -2.74% | 80.28 | 82.54 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 7/10/20 – 7/17/20
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 7/10/20 – 7/17/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 7/10/20 vs. the week ending 7/17/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | AMC ENTERTAINMENT TL B1 | 24 | 54 | 30 | 125% |
| 2 | RIVERBED TL B | 40 | 63 | 23 | 58% |
| 3 | TRAVELPORT TL B | 16 | 39 | 23 | 144% |
| 4 | 24 HOUR FITNESS TL B | 15 | 36 | 21 | 140% |
| 5 | HARLAND CLARKE TL B7 | 34 | 55 | 21 | 62% |
| 6 | CLUB CORP TL B | 22 | 42 | 20 | 91% |
| 7 | EQUINOX HLDGS INC TL B | 36 | 54 | 18 | 50% |
| 8 | PLAYTIKA HOLDING CORP TL B | 24 | 42 | 18 | 75% |
| 9 | PEAK 10 TL | 17 | 34 | 17 | 100% |
| 10 | TEKNI-PLEX TL | 0 | 16 | 16 | N/A |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 7/10/20 – 7/17/20
| RANK | TRANCHE | DEALERS |
| 1 | VERISURE EUR TL B1 | 18 |
| 2 | VERISURE EUR TL B | 18 |
| 3 | AMC ENTERTAINMENT TL B1 | 18 |
| 4 | HERTZ TL | 18 |
| 5 | TECHEM EUR TL B | 17 |
| 6 | GTT COMMUNICATIONS TL B | 16 |
| 7 | EIRCOM FINCO SARL EUR TL B | 16 |
| 8 | THYSSENKRUPP AG EUR TL B | 16 |
| 9 | AMERICAN AIRLINES TL B | 16 |
| 10 | AKZONOBEL EUR TL B | 15 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 7/10/20 – 7/17/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 7/10/20 – 7/17/20
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
