Market Summaries

  

Monthly Syndicated Bank Loan Market Summary - December 2018

Michael Pellerito, January 02, 2019

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 December 2018 versus November 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 FULLBEAUTY TL 6.22% 30.12 28.36
2 HILDING ANDERS EUR TL 2.01% 80.41 78.82
3 HORIZON GLOBAL TL B 1.85% 94.50 92.79
4 HELIX GENERATION TL B 1.35% 93.26 92.02
5 RESEARCH NOW 2ND LIEN TL 1.34% 96.52 95.52
6 TOPPS TL 1.10% 100.73 99.63
7 HC STARCK 2ND LIEN EUR TL 0.87% 103.05 102.15
8 SLV GROUP GMBH EUR TL B 0.80% 81.00 80.36
9 DORNA SPORTS TL B2 0.73% 98.70 97.99
10 COMPASS IV LTD 2ND LIEN EUR TL 0.71% 97.78 97.09
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 12/1/18 - 12/31/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 DAVID'S BRIDAL TL B -25.17% 52.57 70.25
2 SKILLSOFT EXT 2ND LIEN TL -15.25% 64.14 75.68
3 ACOSTA TL B -13.25% 59.86 69.00
4 KETER GROUP EUR TL -12.13% 78.20 88.99
5 UNITED NATURAL FOODS TL B -11.33% 81.02 91.38
6 PREMIERE GLOBAL TL -10.46% 81.58 91.11
7 BUCCANEER 2ND LIEN TL -10.09% 84.12 93.56
8 ACADEMY SPORTS TL B -8.95% 66.33 72.84
9 INTERNET BRANDS 2ND LIEN TL -8.39% 91.30 99.65
10 IPC SYSTEMS TL B -7.95% 85.21 92.27
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 12/1/18 - 12/31/18
 
 Avg Bid PX By Sector
 
  • Displays the average loan bid price by sector for the period between 12/1/18 - 12/31/18
    • 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 12/1/18 - 12/31/18
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 BERRY PLASTICS TL S 26 112 86 331%
2 BERRY PLASTICS TL R 26 106 80 308%
3 ARCLIN TL 12 70 58 483%
4 BERRY PLASTICS TL T 72 129 57 79%
5 SELECT MEDICAL TL B 56 108 52 93%
6 SYNCSORT TL 78 128 50 64%
7 CISION TL 114 158 44 39%
8 FEECO TL 14 58 44 314%
9 ON ASSIGNMENT EXT TL B 40 82 42 105%
10 BBB INDUSTRIES TL 23 63 40 174%
  • Exhibits the loans with the largest increase in quote volume for the month ending 11/30/18 vs. the month ending 12/31/18
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ACOSTA TL B 10
2 VERITAS TL B1 10
3 INEOS FIN TL B 10
4 FIRST DATA CORP TL B 9
5 INTELSAT TL B3 9
6 FIRST DATA CORP TL A 9
7 NEIMAN MARCUS TL B 8
8 MONITRONICS TL 8
7 UFC TL 8
10 MOHEGAN TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 12/1/18 - 12/31/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 12/1/18 - 12/31/18

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 12/1/18 - 12/31/18
    • 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.