Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 4/26/19

Michael Pellerito, April 29, 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 19th - Friday, April 26th.  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 TRIPLE POINT 2ND LIEN TL 9.99% 91.46 83.15
2 AIR METHODS TL 7.88% 85.51 79.26
3 CPI CARD GROUP TL B 4.21% 72.66 69.72
4 METRO-GOLDWYN-MAYER EQUITY 3.67% 70.99 68.47
5 CENGAGE TL 3.60% 96.21 92.87
6 AFFINION GROUP TL B 3.28% 89.90 87.40
7 REVLON TL B 2.76% 76.79 74.73
8 AMERICAN RENAL TL B 2.33% 100.01 97.73
9 JCREW TL B 2.04% 84.47 82.73
10 AMERICAN TIRE TL B 1.89% 92.60 90.88
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 4/19/19 - 4/26/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SHERIDAN PRODUCTION PARTNERS II TL B -12.80% 70.52 80.86
RENTPATH TL -6.79% 63.00 67.59
ACOSTA TL B -6.08% 42.88 45.66
MEDICAL DEPOT TL -4.36% 71.01 74.24
NPC TL -3.54% 82.53 85.56
HEALOGICS EXT TL B -3.14% 83.39 86.09
SERTA SIMMONS 2ND LIEN TL -2.81% 44.92 46.22
DITECH EXIT TL B -2.17% 63.04 64.43
HARLAND CLARKE TL B7 -1.79% 87.88 89.48
10  FORESIGHT ENERGY TL -1.51% 93.84 95.28
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 4/19/19 - 4/26/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 4/19/19 - 4/26/19
    • 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 4/19/19 - 4/26/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 SEADRILL PARTNERS LLC EXT TL B 19 52 33 174%
2 DEL MONTE TL 27 57 30 111%
3 BERRY PLASTICS TL Q 48 74 26 54%
4 BERRY PLASTICS TL R 46 72 26 57%
5 REYNOLDS GROUP HOLDINGS LIMITED TL B 54 80 26 48%
6 PETCO TL B 17 42 25 147%
7 POST HOLDINGS TL B 28 52 24 86%
8 HILEX POLY EXT TL 40 64 24 60%
9 INEOS FIN TL B 52 76 24 46%
10 REVLON TL B 16 40 24 150%
  • Exhibits the loans with the largest increase in quote volume for the week ending 4/19/19 vs. the week ending 4/26/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 JCREW TL B 13
2 FINANCIAL & RISK US HOLDINGS INC EUR TL B 12
3 NIDDA HEALTHCARE HOLDING GMBH EUR TL C 12
4 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 11
5 MONITRONICS TL B2 11
6 PETSMART TL B 11
7 PAREXGROUP EUR TL B 11
8 CERAMTEC EUR TL B 11
9 INTERNET BRANDS TL 11
10 JBS USA TL B 11
  • Ranks the loans that were quoted by the highest number of dealers for the period between 4/19/19 - 4/26/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 4/19/19 - 4/26/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 4/19/19 - 4/26/19
    • 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.