Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 4/13/18

Michael Pellerito, April 16, 2018

Solve Advisor's weekly 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 period between Friday, April 6th - Friday, April 13th.  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 DEOLEO EUR TL B 6.19% 65.14 61.35
2 JCREW TL B 2.93% 74.17 72.06
3 P.F. CHANG'S TL 2.00% 96.99 95.09
4 TALEN ENERGY SUPPLY LLC TL B1 1.93% 98.19 96.33
5 SEADRILL PARTNERS LLC EXT TL B 1.75% 86.47 84.98
6 REVLON TL B 1.64% 78.31 77.04
7 MURRAY ENERGY TL B2 1.37% 85.72 84.56
8 MCDERMOTT TL B 1.14% 99.81 98.69
9 NUMERICABLE TL B11 1.08% 97.14 96.10
10 DAYTON SUPERIOR TL 0.96% 92.00 91.13
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 4/6/18 - 4/13/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 LIGHTSQUARED EXIT 2ND LIEN TL -6.63% 36.00 38.56
2 RENTPATH 2ND LIEN TL -5.44% 92.90 98.23
3 SGB-SMIT EUR TL B -4.17% 92.36 96.38
4 CHUCK E CHEESE TL B -3.11% 90.46 93.37
5 PETCO TL B -2.68% 68.73 70.62
6 SERTA SIMMONS TL -2.00% 90.20 92.04
7 HARVEY GULF TL A -1.42% 38.51 39.07
8 ACADEMY SPORTS TL B -1.41% 79.24 80.37
9 DELL SOFTWARE GROUP TL B -1.20% 100.45 101.67
10 STEAK N SHAKE TL -1.11% 86.00 86.96
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 4/6/18 - 4/13/18
 
 Avg Bid Px by Sector
 
  • Displays the average loan bid price by sector for the period between 4/6/18 - 4/13/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Sentiment
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between  4/6/18 - 4/13/18

 

TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 COTY EUR TL B 10 34 24 240%
2 NEUSTAR TL B4 22 44 22 100%
3 ALLISON TRANSMISSION TL B 47 68 21 45%
4 EIRCOM FDG EUR TL B6 40 60 20 50%
5 KETER GROUP EUR TL B 26 46 20 77%
6 ZIGGO TL E 59 79 20 34%
7 VERTAFORE, INC. TL 36 54 18 50%
8 JCREW TL B 31 49 18 58%
9 MEDIQ INC EUR TL B 38 56 18 47%
10 MRH GB EUR TL B4 10 28 18 180%
  • Exhibits the loans with the largest increase in quote volume for the week ending 4/6/18 vs. the week ending 4/13/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ABC SUPPLY TL B 9
2 ZIGGO TL E 9
3 NTL CABLE PLC TL K 9
4 REYNOLDS GROUP TL B 9
5 DELL TL B 9
6 ALLISON TRANSMISSION TL 9
7 ARISTOCRAT TL B3 8
8 SBA COMMUNICATIONS CORP TL B1 8
9 FULLBEAUTY TL 8
10 AMWINS TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 4/6/18 - 4/13/18

 

Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 4/6/18 - 4/13/18

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 4/6/18 - 4/13/18
    • 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.