Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 3/30/18

Michael Pellerito, April 02, 2018

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 23rd - Friday, March 30th.  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 5.83% 72.18 68.21
2 REVLON TL B 2.67% 79.66 77.59
3 DISTRIBUTION INTERNATIONAL TL 2.52% 86.37 84.25
4 SMS SYSTEMS TL 2.10% 92.38 90.48
5 HELP SYSTEMS 2ND LIEN TL 1.63% 99.60 98.00
6 CHARTER COMMUNICATIONS TL A 1.24% 101.12 99.88
7 LANDS END TL B 0.88% 92.30 91.50
8 HARVEY GULF TL B 0.80% 40.84 40.52
9 HEMISPHERE MEDIA TL B 0.79% 99.00 98.22
10 ACADEMY SPORTS TL B 0.76% 79.64 79.04
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 3/23/18 - 3/30/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 LIGHTSQUARED EXIT 2ND LIEN TL -4.99% 47.30 49.79
2 ANCHOR GLASS 2ND LIEN TL -4.86% 96.00 100.91
3 AMERICAN ENERGY MARCELLUS TL -3.30% 56.29 58.21
4 FLEETPRIDE TL -2.64% 97.25 99.90
5 SERTA SIMMONS 2ND LIEN TL -2.57% 80.07 82.18
6 ACOSTA TL B -2.08% 83.86 85.64
7 EMPIRE GENERATING TL B -1.70% 80.63 82.02
8 CAPITAL AUTOMOTIVE 2ND LIEN TL -1.14% 100.48 101.64
9 CTI FOODS 2ND LIEN TL -1.02% 73.97 74.74
10 INDIVIOR TL B -0.97% 100.01 100.99
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 3/23/18 - 3/30/18
 
 Average Bid PX By Sector
 
  • Displays the average loan bid price by sector for the period between 3/23/18 - 3/30/18
    • 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  3/23/18 - 3/30/18

 

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

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CPM HOLDINGS TL B 8 30 22 275%
2 QUORUM HEALTH CORP TL 25 42 17 68%
3 RAET HOLDING BV EUR TL B 6 20 14 233%
4 ORBITER GROUP EUR TL 6 20 14 233%
5 TAGHLEEF EUR TL B 4 18 14 350%
6 EVO PAYMENTS INTERNATIONAL INC TL 8 22 14 175%
7 GLOBAL BLUE EUR TL B 6 20 14 233%
8 ETRAVELI EUR TL 4 16 12 300%
9 CYANCO TL B 2 14 12 600%
10 PIPELINE CYNERGY TL B 6 18 12 200%
  • Exhibits the loans with the largest increase in quote volume for the week ending 3/23/18 vs. the week ending 3/30/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 13
2 REYNOLDS GROUP TL B 12
3 COMMUNITY HEALTH TL H 12
4 GARDNER DENVER TL B 12
5 GRIFOLS WORLDWIDE TL B 11
6 PLATFORM SPECIALTY TL B7 11
7 REVLON TL B 11
8 INEOS FIN TL B 11
9 COMMUNITY HEALTH TL G 11
10 ALTICE FINANCING TL B 11
  • Ranks the loans that were quoted by the highest number of dealers for the period between 3/23/18 - 3/30/18

 

Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 3/23/18 - 3/30/18

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 3/23/18 - 3/30/18
    • 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.