Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 7/9/21
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 7/2/21 – 7/9/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -0.21% | 85.23 | 85.41 | 13 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | 0.02% | 99.88 | 99.85 | 14 |
| 3 | 5,000 | QWEST CORPORATION TL B | -0.15% | 98.36 | 98.51 | 10 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | -0.04% | 101.23 | 101.28 | 13 |
| 5 | 4,750 | ZAYO TL | -0.04% | 98.79 | 98.82 | 17 |
| 6 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.09% | 99.10 | 99.19 | 14 |
| 7 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | N/A | 99.55 | 99.55 | 13 |
| 8 | 4,197 | AKZONOBEL TL B | -0.13% | 99.04 | 99.17 | 10 |
| 9 | 3,582 | MISYS TL B | -0.02% | 98.37 | 98.39 | 14 |
| 10 | 3,575 | STARS GROUP TL B | -0.02% | 100.03 | 100.05 | 16 |
| 11 | 3,524 | TRANSDIGM INC. TL F | -0.02% | 98.46 | 98.48 | 15 |
| 12 | 3,515 | LIFEPOINT HOSPITALS TL B | -0.01% | 99.74 | 99.74 | 14 |
| 13 | 3,500 | AMERICAN AIRLINES TL B | -0.25% | 103.97 | 104.23 | 10 |
| 14 | 3,380 | SOLERA TL B | -0.09% | 100.18 | 100.27 | 13 |
| 15 | 3,338 | ASURION TL B6 | -0.10% | 99.43 | 99.53 | 10 |
| 16 | 3,325 | CINEWORLD TL B | -0.75% | 86.87 | 87.52 | 12 |
| 17 | 3,312 | HUB INTL LTD TL B | -0.03% | 98.80 | 98.84 | 16 |
| 18 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -4.02% | 56.94 | 59.32 | 11 |
| 19 | 3,300 | NTL CABLE PLC TL N | -0.10% | 98.96 | 99.06 | 12 |
| 20 | 3,275 | SCIENTIFIC GAMES TL B5 | N/A | 99.20 | 99.21 | 13 |
| AVERAGE | 3,984 | -0.30% | 96.11 | 96.32 | 13.0 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 7/2/21 – 7/9/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | EXELA TL B | 8.64% | 74.03 | 68.14 |
| 2 | STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 | 4.42% | 74.82 | 71.65 |
| 3 | INNOVATIVE WATER 2ND LIEN TL | 3.82% | 99.67 | 96.00 |
| 4 | PEABODY ENERGY TL B | 2.97% | 66.08 | 64.18 |
| 5 | COMDATA SPA EUR TL B | 2.85% | 65.76 | 63.93 |
| 6 | CIBT HOLDINGS TL | 1.80% | 87.04 | 85.50 |
| 7 | APCOA EUR TL B | 1.40% | 99.66 | 98.28 |
| 8 | APPLE LEISURE TL | 1.11% | 91.95 | 90.94 |
| 9 | CERAMTEC EUR TL B | 1.01% | 98.87 | 97.88 |
| 10 | CONTURA ENERGY INC TL | 1.00% | 89.33 | 88.45 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/2/21 – 7/9/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | SINCLAIR BROADCAST GROUP INC. TL B | -4.02% | 56.94 | 59.32 |
| 2 | TALEN ENERGY SUPPLY LLC TL B | -3.07% | 89.98 | 92.83 |
| 3 | KALLE EUR TL B | -1.80% | 78.62 | 80.06 |
| 4 | AMERICAN AIRLINES TL B | -1.25% | 94.30 | 95.48 |
| 5 | HEARTLAND DENTAL TL | -1.21% | 98.83 | 100.04 |
| 6 | TRAVELPORT TL B | -1.19% | 89.62 | 90.70 |
| 7 | ALSTOM SA TL B2 | -1.07% | 79.94 | 80.81 |
| 8 | SERTA SIMMONS TL | -0.91% | 66.81 | 67.42 |
| 9 | ASURION 2ND LIEN TL B3 | -0.88% | 99.89 | 100.78 |
| 10 | CINEWORLD TL B | -0.75% | 86.87 | 87.52 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 7/2/21 – 7/9/21
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 7/2/21 – 7/9/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 7/2/21 vs. the week ending 7/9/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NOBIAN EUR TL B | 20 | 48 | 28 | 140% |
| 2 | SINCLAIR BROADCAST GROUP INC. TL B1 | 12 | 36 | 24 | 200% |
| 3 | COLISEE PATRIMOINE EUR TL B | 18 | 42 | 24 | 133% |
| 4 | JO-ANN STORES TL B | 18 | 36 | 18 | 100% |
| 5 | CHARTER NEX TL B | 34 | 50 | 16 | 47% |
| 6 | TEN CATE TL B | 0 | 16 | 16 | NA |
| 7 | SIVANTOS 2ND LIEN EUR TL | 28 | 40 | 12 | 43% |
| 8 | CIRCET GROUPE EUR TL B | 18 | 30 | 12 | 67% |
| 9 | COLE-PARMER TL | 32 | 44 | 12 | 38% |
| 10 | ACTION NEDERLAND EUR TL B | 44 | 56 | 12 | 27% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 7/2/21 – 7/9/21
| RANK | TRANCHE | DEALERS |
| 1 | LUMILEDS TL B | 22 |
| 2 | ELSAN GROUPE EXT EUR TL B | 19 |
| 3 | BIOGROUP DD EUR TL B | 19 |
| 4 | VERISURE EUR TL B | 18 |
| 5 | RACKSPACE HOSTING TL B | 18 |
| 6 | SYNLAB EUR TL B5 | 18 |
| 7 | CERBA HEALTHCARE EUR TL B | 18 |
| 8 | PLAYA RESORTS TL B | 18 |
| 9 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 10 | ZIGGO EUR TL H | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 7/2/21 – 7/9/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 7/2/21 – 7/9/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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