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Published on 4/29/2020 in the Prospect News Bank Loan Daily.

IHS Markit Loan indices soften slightly on Tuesday

By Sara Rosenberg

New York, April 29 – IHS Markit’s iBoxx USD Leveraged (MiLLi) Loan indices closed down 0.01% on Tuesday, and its Liquid Leveraged (LLLi) Loan indices closed down 0.04%.

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

The LLLi is up 2.44% month to date and down 9.15% year to date.

The average bid on Tuesday in U.S. loans was 85.86, down 9.99% year to date.

According to the IHS Markit data, the top advancer on Tuesday was SkillSoft Ltd.’s April 2014 covenant-lite term loan at 58.75, up from 53.48. Second was Digital Room Holdings, Inc.’s May 2019 term loan at 84.67, up from 78, and third was Realogy Holdings Corp.’s February 2018 covenant-lite term loan B at 83.83, up from 79.

Top decliners on Tuesday were Harvey Gulf International Marine LLC’s July 2018 exit term loan at 45, down from 55.17, Vistage Worldwide Inc.’s February 2018 covenant-lite term loan B at 89, down from 99, and J.C. Penney Co., Inc.’s June 2016 covenant-lite term loan B at 45.96, down from 50.25.


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