Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Monthly Syndicated Bank Loan Market Summary - February 2019

Michael Pellerito, March 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 February 2019 versus January 2019.  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 LIGHTSQUARED EXIT PIK 2ND LIEN TL 34.49% 29.07 21.61
2 LANNET TL B 10.35% 91.97 83.35
3 CENGAGE TL 9.19% 92.11 84.36
4 WINDSTREAM SERVICES LLC TL B7 8.08% 93.08 86.12
5 UNIMIN CORP TL 7.58% 85.50 79.47
6 DIEBOLD TL B 6.97% 93.00 86.94
7 MONEYGRAM EXT TL B 6.90% 92.46 86.49
8 KLOECKNER TL B 5.99% 90.91 85.77
9 SAVE A LOT TL B 5.71% 57.31 54.22
10 IQOR 2ND LIEN TL 5.64% 76.97 72.87
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 2/1/19 - 2/28/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 CTI FOODS TL -23.13% 50.10 65.17
2 SKILLSOFT EXT 2ND LIEN TL -17.89% 40.52 49.34
3 RENTPATH 2ND LIEN TL -14.52% 39.30 45.97
4 SGB-SMIT EUR TL B -11.03% 72.59 81.59
5 AFFINION GROUP TL B -7.49% 90.10 97.40
6 RADIATION THERAPY SERVICES EXIT TL B -5.44% 83.22 88.01
7 SERTA SIMMONS 2ND LIEN TL -4.96% 66.92 70.41
8 WEIGHT WATCHERS TL B -4.22% 95.21 99.41
9 VIP CINEMA TL -4.20% 94.60 98.74
10 MEDICAL DEPOT TL -4.07% 87.65 91.37
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 2/1/19 - 2/28/19
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 2/1/19 - 2/28/19
    • 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 2/1/19 - 2/28/19
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 NORMID TL B 8 195 187 2338%
2 POST HOLDINGS TL B 100 218 118 118%
3 GFL ENVIRONMENTAL CORP TL B 60 162 102 170%
4 MCDERMOTT TL B 114 214 100 88%
5 KOFAX TL 10 102 92 920%
6 ROCKET SOFTWARE TL 10 102 92 920%
7 RACKSPACE HOSTING TL B 111 186 75 68%
8 HILEX POLY EXT TL 126 192 66 52%
9 FLEETPRIDE TL 4 70 66 1650%
10 AVANTOR TL B 134 196 62 46%
  • Exhibits the loans with the largest increase in quote volume for the month ending 1/31/19 vs. the month ending 2/28/19
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 NEIMAN MARCUS TL B 11
2 MURRAY ENERGY TL B2 11
3 ESH HOSPITALITY TL B 11
4 INEOS FIN TL B 10
5 AVAYA TL B 10
6 IQOR TL B 9
7 EAGLECLAW TL B 9
8 AMEOS EUR TL B 9
7 CINEWORLD TL B 9
10 NTL CABLE PLC GBP TL M 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 2/1/19 - 2/28/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 2/1/19 - 2/28/19

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 2/1/19 - 2/28/19
    • 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.