Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Monthly Syndicated Bank Loan Market Summary - February 2018

Michael Pellerito, March 05, 2018

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Solve has aggregated and organized key trends derived from observable loan price data for the month of February 2018 versus January 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 CONTEXT MEDIA INC TL B 13.16% 86.00 76.00
2 EDDIE BAUER TL B 10.61% 70.91 64.11
3 FLINT GROUP 2ND LIEN EUR TL 8.26% 82.37 76.09
4 GNC TL B 8.15% 95.98 88.75
5 CONCORDIA HEALTHCARE GBP TL B 7.93% 91.20 84.50
6 PHILADELPHIA ENERGY TL B 6.56% 77.99 73.19
7 NORTHWEST PARKWAY TL 6.25% 85.00 80.00
8 CPI CARD GROUP TL B 5.47% 77.15 73.15
9 GLOBAL KNOWLEDGE TL 4.32% 86.33 82.76
10 LIVINGSTON TL B 3.04% 99.60 96.66
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 2/1/18 - 2/28/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 VELOCITY POOLING TL B -33.33% 30.00 45.00
2 AMERICAN ENERGY MARCELLUS TL -11.46% 58.43 65.99
3 COLT DEFENSE EXIT TL -9.09% 50.00 55.00
4 PETCO TL B -8.03% 69.47 75.53
5 CENGAGE TL -5.78% 91.56 97.17
6 CATALINA MARKETING 2ND LIEN TL -5.64% 38.00 40.27
7 AHT COOLING SYSTEMS EUR TL B1 -4.66% 94.96 99.60
8 MURRAY ENERGY TL B3 -4.26% 87.83 91.74
9 SUNGARD AVAIL SERV CAP TL B -3.59% 93.93 97.42
10 DAVID'S BRIDAL TL B -3.07% 85.14 87.84
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 2/1/18 - 2/28/18
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 2/1/18 - 2/28/18
    • 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 2/1/18 - 2/28/18
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 AXALTA COATING SYSTEMS DD TL B2 24 208 184 767%
2 SIG COMBIBLOC GROUP EUR TL B 23 189 166 722%
3 CORIALIS EUR TL 17 169 152 894%
4 ALTICE FINANCING EUR TL B 19 161 142 747%
5 UNILABS EUR TL B 14 147 133 950%
6 EUSKALTEL SA EUR TL B4 26 158 132 508%
7 INOVYN EUR TL B 16 144 128 800%
8 ALLISON TRANSMISSION TL 172 298 126 73%
9 MISYS EUR TL B 8 132 124 1550%
10 INEOS FIN EUR TL B 46 164 118 257%
  • Exhibits the loans with the largest increase in quote volume for the month ending 1/31/18 vs. the month ending 2/28/18
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 COOPER STANDARD TL B 10
2 NUMERICABLE TL B12 10
3 NUMERICABLE TL B11 9
4 HAMILTON SUNDSTRAND TL B 9
5 GARDNER DENVER TL B 9
6 INEOS FIN TL B 9
7 TELENET TL A 9
8 ZAYO TL B2 9
9 SABRE TL B1 9
10 DELL TL B 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 2/1/18 - 2/28/18

 

 Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 2/1/18 - 2/28/18

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 2/1/18 - 2/28/18
    • 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.