Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 4/12/19

Michael Pellerito, April 15, 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, April 5th - Friday, April 12th.  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 JCREW TL B 12.81% 80.32 71.20
2 BEACON HEALTH TL 5.28% 88.97 84.51
3 CPI CARD GROUP TL B 3.12% 68.96 66.87
4 US LBM TL 2.86% 99.73 96.96
5 ENERGYSOLUTIONS TL B 2.56% 91.79 89.50
6 AKORN TL B 2.56% 91.79 89.50
7 PETCO TL B 2.05% 79.21 77.62
8 ACCURIDE TL B 1.93% 86.24 84.61
9 CHUCK E CHEESE TL B 1.90% 98.97 97.12
10 MCGRAW-HILL GLOBAL TL 1.88% 94.97 93.22
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 4/5/19 - 4/12/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SHERIDAN PRODUCTION PARTNERS I TL B2 -8.31% 76.28 83.20
RENTPATH 2ND LIEN TL -6.72% 27.94 29.95
ISAGENIX TL -6.25% 79.70 85.02
DITECH EXIT TL B -4.10% 65.13 67.92
SONICWALL 2ND LIEN TL -1.96% 93.23 95.10
ALVOGEN TL B -1.82% 95.18 96.94
STAPLES TL -1.70% 97.83 99.52
SYNCREON GROUP BV TL B -1.36% 63.44 64.31
FORESIGHT ENERGY TL -1.34% 96.07 97.37
10  NPC 2ND LIEN TL -1.23% 80.00 81.00
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 4/5/19 - 4/12/19
 
 Avg Bid PX By Sector
  • Displays the average loan bid price by sector for the period between 4/5/19 - 4/12/19
    • 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 4/5/19 - 4/12/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CEVA SANTE ANIMALE EUR TL B 23 69 46 200%
2 MKS INSTRUMENTS TL B4 5 27 22 440%
3 MITCHELL TL B 42 60 18 43%
4 INFORMATICA TL B 58 76 18 31%
5 ION TRADING TL B 38 56 18 47%
6 DEL MONTE TL 26 42 16 62%
7 JASON INC TL 19 33 14 74%
8 JCREW TL B 14 28 14 100%
9 KRONOS TL B 58 72 14 24%
10 SOLERA TL B 54 68 14 26%
  • Exhibits the loans with the largest increase in quote volume for the week ending 4/5/19 vs. the week ending 4/12/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 STAPLES TL 14
2 CEVA SANTE ANIMALE EUR TL B 13
3 MONITRONICS TL 11
4 MCDERMOTT TL B 11
5 CALPINE CORP TL B7 10
6 BMC SOFTWARE TL B 10
7 POWER SOLUTIONS EUR TL B 10
8 HARLAND CLARKE TL B7 10
9 ALTICE FINANCING TL B 9
10 WEST CORP TL B 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 4/5/19 - 4/12/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 4/5/19 - 4/12/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 4/5/19 - 4/12/19
    • 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.