Thomson Reuters LPC

Analysis

U.S. Secondary Loan Market Movers

The Week's biggest movers: May 6, 2011
Biggest gainers and losers among widely-quoted syndicated loans in secondary trading, in the week ended Monday. Listed are the biggest movers among the 105 loans with at least five bids. All loans listed are B-term, or sold to institutional investors.

Name
Loan Rating
Moody's/S&P
Coupon
Maturity
Average bid
(% pts.)
Weekly Change
(% pts.)
Burlington Coat Factory Warehouse Corp B3/B- L+475 18-Feb-17 97.47 +1.89
Calpine CorpB1/BB- L+325 31-May-17 98.58 +1.30
CDW N.R.*/B L+300 12-Oct-14 96.20 +1.95
Cebridge ConnectionsBa2/BB- L+200 05-Nov-13 98.42 +1.68
Claire's Stores B3/B L+275 29-May-1488.15 +1.90
Clear Channel Communications Caa1/CCC+ L+365 30-Jan-16 80.13 +3.88
Emergency Medical Services Corp B1/B+ L+375 02-May-18 97.50 +1.44
Gray Communications B2/B L+150 21-Dec-14 97.60 +1.16
Hawker Beechcraft Caa2/CCC+ L+200 26-Mar-14 73.25 +1.89
HCA Inc. Ba3/BB L+225 06-Nov-13 98.43 +1.16
Health Management Associates B1/BB- L+175 28-Feb-14 97.54 +1.54
Hertz Ba1/BB L+275 04-Mar-18 98.63 +1.70
Intelsat Jackson Holdings LTD B3/B L+300 05-Feb-14 95.30 +1.25
J. Crew B1/B L+350 10-Feb-18 93.45 +3.70
Las Vegas Sands N.R.*/BB L+275 26-Nov-16 95.55 +0.97
Michaels Stores Inc B2/B+ L+225 31-Oct-13 97.33 +1.08
Neiman Marcus Group Inc B2/BB- L+350 16-May-18 96.71 +3.33
Realogy Corp B1/B- L+425 10-Oct-16 84.65 +1.10
Service Master B1/B+ L+300 24-Jul-14 95.17 +1.95
Springleaf Finance B2/B+ L+425 10-May-17 90.64 +1.52
Toys R Us B1/BB- L+450 17-Aug-16 97.00 +1.13
Travelport Inc N.R.*/B L+450 23-Aug-15 86.70 +2.51
TXU Corp B2/CCC L+450 10-Oct-17 67.73 +1.11
TXU Corp N.R.*/N.R.* L+350 10-Oct-14 73.74 +1.11
Univar NV B2/B L+350 02-Mar-17 96.88 +2.54
Total loans with at least one bid: 5019
Average change in bids: Change .01 percentage points
Decliners 168
Advancers 1026
Unchanged 3825
N.R.=Not Rated Source: LSTA/LPC Mark-To-Market Pricing

Note: These are the averages of indicative bid prices provided by bank-loan traders and expressed as a percentage of the par, or face, value. Coupon, or interest rate, is in 1/100s of a percentage point over Libor, the benchmark London Interbank Offered Rate. All ratings are for specific loans and not for the company itself except as noted with an (a). These prices do not represent actual trades nor are they offers to trade; rather they are estimated values provided by dealers.

For more information contact: lpc.americas@reuters.com

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