Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Monthly Syndicated Bank Loan Market Summary - January 2018

Michael Pellerito, February 05, 2018

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Solve has aggregated and organized key trends derived from observable loan price data for the month of January 2018 versus December 2017.  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 HARVEY GULF TL B 21.10% 44.85 37.04
2 LONGVIEW POWER EXIT TL B 19.06% 80.50 67.62
3 JCREW TL B 16.09% 69.75 60.08
4 INNOCOR 2ND LIEN TL 13.12% 90.50 80.00
5 PGS TL B 10.07% 91.29 82.93
6 SERTA SIMMONS 2ND LIEN TL 9.19% 93.09 85.26
7 AZURE MIDSTREAM TL B 7.24% 94.67 88.28
8 GLOBAL KNOWLEDGE TL 7.12% 82.76 77.26
9 COLE HAAN TL B 5.93% 97.61 92.15
10 GNC TL B 5.45% 88.87 84.27
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/1/18 - 1/31/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 DIXIE ELECTRIC TL B -8.52% 53.06 58.00
2 LIGHTSQUARED EXIT 2ND LIEN TL -3.71% 57.97  60.21 
3 FLINT GROUP 2ND LIEN EUR TL -2.91% 76.09  78.37 
4 SCHUMACHER GROUP 2ND LIEN TL -2.62% 93.06  95.56 
5 HUDSON'S BAY TL B -1.49% 96.32  97.77 
6 BIOPLAN TL -1.39% 95.78  97.14
7 MEDIQ INC EUR TL B -1.28% 98.26  99.53 
8 SUTHERLAND GLOBAL SVCS INC TL B -1.20% 94.54  95.68 
9 TRIDENT HEALTH TL B -1.19% 78.55  79.50 
10 ACOSTA TL B -1.08% 86.64  87.59 
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/1/18 - 1/31/18
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 1/1/18 - 1/31/18
    • 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 1/1/18 - 1/31/18
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 ON SEMI TL B 19 290 271 1426%
2 TELENET TL A 118  295  177  150% 
3 AVOLON TL B1 42  202  160  381% 
4 ALTICE FINANCING TL B 16  167  151  944% 
5 ESH HOSPITALITY TL B 88  215  127  144% 
6 MICROSEMI TL B 147  270  123  84% 
7 CLARIVATE ANALYTICS TL 41  162  121  295%
8 GATES GLOBAL TL B 136  254  118  87% 
9 SPRINGER NATURE TL B13 212  327  115  54% 
10 TRANSDIGM INC TL E 161  276  115  71% 
  • Exhibits the loans with the largest increase in quote volume for the month ending 12/31/17 vs. the month ending 1/31/18
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 13
2 GARDNER DENVER TL B 11
3 INFORMATICA TL B 10
4 ABC SUPPLY TL 9
5 KRONOS TL B 9
6 NUMERICABLE TL B12 9
7 TRAVELPORT TL 9
8 JCREW TL B 9
9 GATES GLOBAL TL B 9
10 TELENET TL A 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 1/1/18 - 1/31/18

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 1/1/18 - 1/31/18

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 1/1/18 - 1/31/18
    • 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.