IHS Markit Loan indices weaken on Monday

By Sara Rosenberg

New York, April 28 – IHS Markit’s iBoxx USD Leveraged (MiLLi) Loan indices closed down 0.10% on Monday, and its Liquid Leveraged (LLLi) Loan indices closed down 0.23%.

Month to date, the MiLLi is up 3.87%, and year to date it is down 10.34%.

The LLLi is up 2.48% month to date and down 9.12% year to date.

The average bid on Monday in U.S. loans was 85.84, down 10.01% year to date.

According to the IHS Markit data, the top advancer on Monday was Brand Energy & Infrastructure Services Inc.’s June 2017 covenant-lite term loan at 83.29, up from 78.40. Second was Healogics Inc.’s July 2014 covenant-lite term loan at 61.83, up from 58.5, and third was Traverse Midstream Partners LLC’s September 2017 term loan B at 70, up from 66.5.

Top decliners on Monday were Realogy Holdings Corp.’s February 2018 covenant-lite term loan B at 79, down from 87.52, Utex Industries Inc.’s May 2014 covenant-lite term loan at 24.75, down from 26, and Inmar Inc.’s April 2017 covenant-lite term loan B at 77.64, down from 80.28.

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