Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Monthly Syndicated Bank Loan Market Summary - January 2019

Michael Pellerito, February 04, 2019

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

Want to receive Solve's Bank Loan summaries in your inbox directly?

 Subscribe to Solve's Market Summaries...

Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes


Solve has aggregated and organized key trends derived from observable loan price data for the month of January 2019 versus December 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 UNIMIN CORP TL 12.39% 79.47 70.71
2 SAVE A LOT TL B 10.59% 54.22 49.02
3 SPENCER SPIRIT 2ND LIEN TL 8.38% 89.20 82.30
4 PETSMART TL B 6.90% 83.53 78.14
5 DOUGLAS HOLDING EUR TL B1 6.52% 78.10 73.32
6 PREMIER OIL TL 6.27% 87.82 82.63
7 RGIS TL 6.26% 86.34 81.25
8 PGS TL B 5.64% 94.81 89.74
9 PHARMERICA TL B 5.34% 99.74 94.68
10 MONEYGRAM EXT TL B 5.23% 86.49 82.19
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/1/19 - 1/31/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 NINE WEST UNS TL -27.48% 50.04 69.00
2 CROSSMARK TL -27.14% 25.50 35.00
3 DITECH EXIT TL B -22.54% 66.99 86.48
4 ACOSTA TL B -22.49% 46.40 59.86
5 HEALOGICS 2ND LIEN TL -16.21% 64.52 77.00
6 RENTPATH 2ND LIEN TL -11.72% 45.97 52.08
7 KETER GROUP EUR TL -9.20% 71.00 78.20
8 ENERGYSOLUTIONS TL B -6.70% 85.84 92.00
9 FIRSTLIGHT TL B -5.63% 93.10 98.66
10 MACDONALD DETTWILER TL B -4.94% 87.10 91.63
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/1/19 - 1/31/19
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 1/1/19 - 1/31/19
    • 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 1/1/19 - 1/31/19
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 NTL CABLE PLC GBP TL L 58 298 240 414%
2 ALLISON TRANSMISSION TL B 222 424 202 91%
3 NTL CABLE PLC GBP TL M 99 290 191 193%
4 EIRCOM FDG EUR TL B6 134 313 179 134%
5 TELENET EUR TL A 8 181 173 2163%
6 VERISURE MIDHOLDING AB EUR TL B1 58 225 167 288%
7 ACTION NEDERLAND BV EUR TL B 104 270 166 160%
8 MEDIQ INC EUR TL B 76 240 164 216%
9 OGF SA EUR TL B 143 305 162 113%
10 ION TRADING TL B 47 208 161 343%
  • Exhibits the loans with the largest increase in quote volume for the month ending 12/31/18 vs. the month ending 1/31/19
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ALTICE FINANCING TL B 12
2 US SILICA CO TL B 11
3 MONITRONICS TL 10
4 DELL TL A2 10
5 ALLISON TRANSMISSION TL B 10
6 BMC SOFTWARE TL B 10
7 PARTY CITY TL B 10
8 ASURION TL B4 9
7 WITTUR EUR TL B 9
10 SERTA SIMMONS TL 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 1/1/19 - 1/31/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 1/1/19 - 1/31/19

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 1/1/19 - 1/31/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes

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.