Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 3/29/19

Michael Pellerito, April 01, 2019

Solve Advisor's weekly 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 period between Friday, March 22nd - Friday, March 29th.  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 - 1W
1 CPI CARD GROUP TL B 6.52% 66.95 62.86
2 MATTRESS FIRM EXIT PIK TL 5.16% 101.22 96.25
3 PHOTONIS TL 4.60% 92.95 88.86
4 PETSMART TL B 2.94% 89.65 87.09
5 FLAKT WOODS EUR TL B 2.67% 88.74 86.43
6 JC PENNEY TL B 2.48% 88.24 86.10
7 PACIFIC GAS AND ELECTRIC COMPANY DIP REV 1.31% 89.71 88.55
8 SAVERS TL C 1.14% 99.11 98.00
9 UTEX 2ND LIEN TL 0.91% 91.94 91.11
10 UNIVISION TL C5 0.88% 93.98 93.16
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 3/22/19 - 3/29/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SERTA SIMMONS 2ND LIEN TL -12.55% 48.84 55.85
ACOSTA TL B -3.48% 46.19 47.86
OWENS & MINOR DISTRIBUTION TL B -2.98% 76.02 78.35
ALTICE FINANCING TL B -2.77% 92.90 95.55
SAVE A LOT TL B -2.25% 56.89 58.20
HOLLAND & BARRETT EUR TL B -2.17% 84.78 86.67
CBS RADIO INC TL B -2.11% 97.08 99.18
SMS SYSTEMS TL -2.06% 76.87 78.49
CONSOLIDATED COMMUNICATIONS TL B2 -2.05% 94.52 96.50
10  KLOECKNER EUR TL B -1.98% 88.05 89.83
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 3/22/19 - 3/29/19
 
 Avg Bid PX by Secto
  • Displays the average loan bid price by sector for the period between 3/22/19 - 3/29/19
    • 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 3/22/19 - 3/29/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 HOTELBEDS EUR TL B 2 28 26 1300%
2 EAGLECLAW TL B 20 42 22 110%
3 AKZONOBEL SPECIALTY CHEMICALS TL B 36 56 20 56%
4 DEXKO TL B 20 38 18 90%
5 GRANITE ACQUISITION TL B 20 38 18 90%
6 FIELDWOOD ENERGY EXIT 2ND LIEN TL 7 24 17 243%
7 US RENAL CARE TL 25 42 17 68%
8 LUCID ENERGY TL B 12 28 16 133%
9 PETSMART TL B 42 57 15 36%
10 INEOS FIN TL B 55 70 15 27%
  • Exhibits the loans with the largest increase in quote volume for the week ending 3/22/19 vs. the week ending 3/29/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 JCREW TL B 14
2 NEIMAN MARCUS TL B 13
3 MURRAY ENERGY TL B2 12
4 MONITRONICS TL 11
5 REVLON TL B 11
6 COMMUNICATIONS S&L TL B 11
7 ENDO HEALTH TL B 10
8 CAESARS RESORT COLLECTION TL 10
9 GLOBAL BLUE EUR TL B 10
10 CALPINE CORP TL B8 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 3/22/19 - 3/29/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 3/22/19 - 3/29/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 3/22/19 - 3/29/19
    • 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.