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Introducing Syndicated Bank Loan Market Summaries and Real-time Composite Pricing

Michael Pellerito, May 22, 2017

Solve Advisors is excited to announce the newest enhancement to SolveQuotes, our observable pricing platform - real-time composite pricing for Syndicated Bank Loans.

We are also excited to launch a weekly newsletter to highlight trends in the Syndicated Bank Loan market. We look forward to your feedback!

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Syndicated Bank Loan Market Summary - May 22nd, 2017

Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, May 12th - Friday, May 19th.  In the tables and charts below, you'll find:

  1. Top 10 Loan Price Winners
  2. Top 10 Loan Price Losers
  3. Average Bid Price (By industry sector)
  4. Market Sentiment
  5. Top Quote Volume Movers
  6. Most Quoted Loans
  7. Bid and Offer Volume
  8. Bid Offer Spread  (By industry sector)

If you would like to evaluate our real-time composite pricing and the SolveQuotes platform:

Request a Free Trial

 

TOP 10 WINNERS
Rank Loan Chg Price Price - 1W
1 HC STARCK 2ND LIEN EUR TL 11.11% $70.00 $63.00
2 NINE WEST UNS TL 10.71% $31.00 $28.00
3 WIGGINS ISLAND TL 6.67% $80.00 $75.00
4 OXEA TL B2 3.27% $99.88 $96.72
5 CORRECT CARE TL B 2.85% $88.00 $85.56
6 CONCORDIA HEALTHCARE GBP TL B 2.81% $69.98 $68.07
7 SEADRILL PARTNERS LLC EXT TL B 2.63% $67.93 $66.19
8 SKILLSOFT EXT 2ND LIEN TL 2.51% $82.95 $80.91
9 AFFINION GROUP TL B 2.01% $101.50 $99.50
10 US LBM 2ND LIEN TL 1.91% $98.77 $96.92
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 5/12/17 - 5/19/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 HARVEY GULF TL B -4.24% $56.50 $59.00
2 PHILLIPS PET TL -3.61% $93.50 $97.00
3 ALTISOURCE TL B -3.52% $82.07 $85.06
4 HEALOGICS 2ND LIEN TL -3.31% $71.67 $74.12
5 STENA TL B -2.39% $90.12 $92.33
6 ISOLA TL B -2.22% $66.00 $67.50
7 ENDEMOL EUR TL -1.96% $89.02 $90.81
8 BLACKHAWK MINING TL -1.82% $93.06 $94.79
9 JIMMY SANDERS TL B -1.72% $92.45 $94.07
10 W/S PACKAGING TL B -1.71% $92.23 $93.84
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 5/12/17 - 5/19/17
 
Average Bid Price by Sector v3.png
  • Displays the average loan bid price by sector for the period between 5/12/17 - 5/19/17
  • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
 Sentiment.png
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 5/12/17 - 5/19/17
 
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 KRONOS TL B 14 63 49 350%
2 ASSUREDPARTNERS TL B1 8 54 46 575%
3 INEOS FIN TL B 49 93 44 90%
4 GARDNER DENVER TL 31 74 43 139%
5 COMMUNITY HEALTH TL G 54 93 39 72%
6 COMMUNITY HEALTH TL H 57 96 39 68%
7 NUMERICABLE TL B11 57 93 36 63%
8 KRATON POLYMERS LLC / KRATON TL 46 81 35 76%
9 ELLUCIAN / SOPHIA TL B 56 91 35 63%
10 INFOR TL B 53 87 34 64%
  • Exhibits the loans with the largest increase in quote volume for the week ending 5/12/17 vs. the week ending 5/19/17

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ZIGGO TL E 9
2 GRIFOLS WORLDWIDE TL B 9
3 DELL TL B 9
4 DTZ TL B 8
5 COMMUNITY HEALTH TL G 8
6 COMMUNITY HEALTH TL H 8
7 RCN GRANDE DD TL 8
8 RIVERBED TL B 8
9 ELLUCIAN / SOPHIA TL B 8
10 INFOR TL B 8
  • Ranks the loans that were quoted by the highest number of dealers  

 

Bid Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 5/12/17-5/19/17

 

Sector Bid-Offer Spread v2.png

  • Displays the bid-offer spread by sector between 5/12/17 - 5/19/17
  • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 

If you would like to evaluate our real-time composite pricing and the SolveQuotes platform:

 Request a Free Trial

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 646-699-5041.