Our weekly newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
- Top 20 Largest Loans
- Top 10 Loan Price Winners
- Top 10 Loan Price Losers
- Average Bid Price (By industry sector)
- Market Sentiment
- Top Quote Volume Movers
- Most Quoted Loans
- Bid and Offer Volume
- Bid Offer Spread (By industry sector)
| LARGEST LOANS | ||||||
| Rank | Size (MM) | Name | Chg | Price | Price - 1W | Dealers |
| 1 | 6,451 | REFINITV TL B | 2.91% | 95.26 | 92.57 | 10 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | -23.15% | 49.55 | 64.48 | 19 |
| 3 | 4,750 | DELL TL B | 1.71% | 94.75 | 93.15 | 15 |
| 4 | 4,700 | CAESARS RESORT COLLECTION TL | 4.62% | 82.73 | 78.79 | 13 |
| 5 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.49% | 94.01 | 93.54 | 11 |
| 6 | 4,250 | BERRY PLASTICS TL Y | 5.24% | 94.80 | 90.08 | 13 |
| 7 | 4,197 | AKZONOBEL TL B | 3.00% | 87.90 | 85.34 | 12 |
| 8 | 3,861 | PETSMART CONSENTED TL B2 | 1.30% | 95.15 | 93.93 | 13 |
| 9 | 3,582 | MISYS TL B | 3.42% | 81.53 | 78.84 | 14 |
| 10 | 3,575 | STARS GROUP TL B | 5.99% | 94.45 | 89.11 | 11 |
| 11 | 3,415 | ENDO HEALTH TL B | -0.31% | 87.00 | 87.27 | 12 |
| 12 | 3,325 | CINEWORLD TL B | 5.29% | 64.77 | 61.51 | 18 |
| 13 | 3,300 | BMC SOFTWARE TL B | -0.39% | 81.37 | 81.68 | 16 |
| 14 | 3,300 | NTL CABLE PLC TL N | 4.74% | 93.00 | 88.79 | 13 |
| 15 | 3,275 | SCIENTIFIC GAMES TL B5 | -0.57% | 77.70 | 78.14 | 13 |
| 16 | 3,210 | HUB INTL LTD TL B | 8.39% | 91.63 | 84.54 | 11 |
| 17 | 3,165 | MULTIPLAN TL B | 0.61% | 87.28 | 86.75 | 14 |
| 18 | 3,161 | JAGUAR HOLDING CO I TL | 1.85% | 95.29 | 93.56 | 14 |
| 19 | 3,110 | PROTECTION1 TL B | 4.99% | 90.19 | 85.91 | 11 |
| 20 | 2,918 | AVAYA TL B | 6.06% | 83.10 | 78.35 | 10 |
| AVERAGE | 3,878 | 1.81% | 86.06 | 84.32 | 13.2 | |
- Highlights the weekly price movements and quote depth for the 20 largest bank loans
| TOP 10 WINNERS | ||||
| Rank | Loan | Chg | Price | Price - 1W |
| 1 | SECURUS TL | 23.35% | 75.26 | 61.01 |
| 2 | PANDA HUMMEL TL B1 | 21.13% | 77.67 | 64.12 |
| 3 | SPRINGS WINDOW TL | 18.48% | 85.42 | 72.10 |
| 4 | THE HUT GROUP GBP TL B | 16.08% | 91.20 | 78.57 |
| 5 | BLACKSTONE CQP TL B | 16.06% | 80.72 | 69.55 |
| 6 | BOYD GAMING TL B | 16.02% | 88.13 | 75.96 |
| 7 | UNIVAR TL B5 | 15.80% | 94.30 | 81.43 |
| 8 | IFCO TL | 15.67% | 92.53 | 80.00 |
| 9 | LINEAGE LOGISTICS TL B | 15.52% | 92.98 | 80.49 |
| 10 | GATES GLOBAL EUR TL B2 | 14.68% | 84.15 | 73.37 |
- Showcases the top 10 loan "winners" based on the largest bid price increases between 3/27/20 - 4/3/20
| TOP 10 LOSERS | ||||
| Rank | Loan | Chg | Price | Price - 1W |
| 1 | PURESTAR TL | -43.89% | 40.35 | 71.92 |
| 2 | CALIFORNIA PIZZA 2ND LIEN TL | -43.85% | 20.25 | 36.07 |
| 3 | DELL SOFTWARE GROUP 2ND LIEN TL | -34.68% | 55.75 | 85.34 |
| 4 | JASON INC 2ND LIEN TL | -33.37% | 30.00 | 45.03 |
| 5 | SPEEDCAST TL B | -32.90% | 31.48 | 46.91 |
| 6 | FIELDWOOD ENERGY TL | -31.36% | 30.79 | 44.85 |
| 7 | CHUCK E CHEESE TL B | -31.01% | 49.02 | 71.05 |
| 8 | CIRQUE DE SOLEIL 2ND LIEN TL | -30.39% | 39.56 | 56.84 |
| 9 | ENVISION HEALTHCARE TL B | -23.15% | 49.55 | 64.48 |
| 10 | AMERICAN ENERGY MARCELLUS EXIT TL | -20.32% | 68.64 | 86.14 |
- Showcases the top 10 loan "losers" based on the largest bid price decreases between 3/27/20 - 4/3/20
- Displays the average loan bid price by sector between 3/27/20 - 4/3/20
- Results are based on 5 select industry sectors, however, we offer data across 36 sectors
- Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 3/27/20 - 4/3/20
| TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK | |||||
| RANK | TRANCHE |
PRIOR WEEK |
THIS WEEK |
INCREASE | % INCREASE |
| 1 | ASPECT SOFTWARE TL | 6 | 24 | 18 | 300% |
| 2 | SAVAGE ENTERPRISES TL B | 12 | 30 | 18 | 150% |
| 3 | AVAST SOFTWARE TL | 34 | 48 | 14 | 41% |
| 4 | AMERICAN TOWER TL A | 0 | 14 | 14 | N/A |
| 5 | ANCHOR GLASS TL B | 10 | 24 | 14 | 140% |
| 6 | HERTZ TL | 40 | 54 | 14 | 35% |
| 7 | HOSTESS BRANDS TL | 24 | 37 | 13 | 54% |
| 8 | GNC EXT TL B | 6 | 18 | 12 | 200% |
| 9 | STEAK N SHAKE TL | 4 | 16 | 12 | 300% |
| 10 | TIPICO EUR TL B | 8 | 20 | 12 | 150% |
- Exhibits the loans with the largest increase in quote volume for the week ending 3/27/20 vs. the week ending 4/3/20
| MOST QUOTED LOANS | ||
| RANK | TRANCHE | DEALERS |
| 1 | AMERICAN AIRLINES TL B | 21 |
| 2 | ENVISION HEALTHCARE TL B | 19 |
| 3 | TRANSDIGM INC. TL F | 19 |
| 4 | CINEWORLD TL B | 18 |
| 5 | VERISURE EUR TL B1 | 18 |
| 6 | PARTY CITY TL B | 18 |
| 7 | TECHEM EUR TL B | 18 |
| 8 | AMC ENTERTAINMENT TL B1 | 18 |
| 9 | ACTION NEDERLAND EUR TL B | 18 |
| 10 | GTT COMMUNICATIONS TL B | 17 |
- Ranks the loans that were quoted by the highest number of dealers between 3/27/20 - 4/3/20
- Reveals the total number of quotes by bid and offer between 3/27/20 - 4/3/20
- Displays the bid-offer spread by sector between 3/27/20 - 4/3/20
- Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?
If you would like to see additional information, or if you have any feedback or questions, please feel free to reach out to us at info@solveadvisors.com or +1 646-699-5041.
