Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Monthly Syndicated Bank Loan Market Summary - November 2018

Michael Pellerito, December 03, 2018

Solve Advisor's monthly loan newsletter highlights trends in the Syndicated Bank Loan market.

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Solve has aggregated and organized key trends derived from observable loan price data for the month of November 2018 versus October 2018.  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)

 

TOP 10 WINNERS
Rank Loan Chg Price Price - 1M
1 ARYZTA EUR TL 7.02% 95.84 89.55
2 MONTREIGN RESORT CASINO TL 4.13% 93.19 89.50
3 NETS HOLDING NOK TL 2.01% 99.51 97.56
4 ALM MEDIA TL 1.75% 90.78 89.22
5 FORT DEARBORN TL 1.32% 95.50 94.26
6 DIEBOLD TL B 1.10% 87.21 86.26
7 EASTMAN KODAK EXIT TL 1.09% 96.29 95.25
8 FLINT GROUP EUR TL B 0.41% 96.39 96.00
9 FOSSIL TL 0.28% 100.50 100.22
10 DELACHAUX GBP TL B 0.02% 100.38 100.36
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 11/1/18 - 11/30/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 CATALINA MARKETING TL B -36.78% 24.20 38.29
2 DEOLEO EUR TL B -27.49% 47.15 65.03
3 KCA DEUTAG TL B -15.51% 81.61 96.60
4 FIELDWOOD ENERGY EQUITY -15.50% 42.51 50.31
5 DAVID'S BRIDAL TL B -14.13% 70.25 81.81
6 MONEYGRAM EXT TL B -12.47% 84.73 96.81
7 THT HEAT TRANSFER TL B -10.73% 78.24 87.64
8 AKORN TL B -9.10% 84.06 92.47
9 CROSSMARK TL -8.66% 38.33 41.97
10 JCREW TL B -8.51% 83.58 91.36
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 11/1/18 - 11/30/18
 
 Average Bid PX By Sector
 
  • Displays the average loan bid price by sector for the period between 11/1/18 - 11/30/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Market Sentiment - Advancers vs. Decliners
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 11/1/18 - 11/30/18
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 FINANCIERE CEP EUR TL B 11 80 69 627%
2 HILEX POLY TL 110 174 64 58%
3 PENN NATIONAL GAMING TL A 24 88 64 267%
4 HOMEVI EUR TL B 116 174 58 50%
5 KUONI REISEN EUR TL B 60 116 56 93%
6 MATTRESS FIRM TL B 0 55 55 N/A
7 HYPERION TL B 6 56 50 833%
8 NIDDA HEALTHCARE HOLDING GMBH EUR TL C 147 190 43 29%
9 HAYWARD INDUSTRIES TL 72 114 42 58%
10 FINANCIERE CEP 2ND LIEN EUR TL 6 48 42 700%
  • Exhibits the loans with the largest increase in quote volume for the month ending 10/31/18 vs. the month ending 11/30/18
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 BAUSCH HEALTH COMPANIES INC. TL B 9
2 ZIGGO EUR TL F 8
3 AMWINS TL 8
4 RACKSPACE HOSTING TL B 8
5 APPLIED SYSTEMS TL B 8
6 SPRINGER NATURE TL B13 8
7 SS&C TECH TL B4 8
8 ALBERTSONS TL B7 8
7 ENERGY TRANSFER EQUITY TL B 8
10 NTL CABLE PLC TL K 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 11/1/18 - 11/30/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 11/1/18 - 11/30/18

 

Sector Bid-Offer Spread

  • Displays the bid-offer spread by sector between 11/1/18 - 11/30/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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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.