Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 4/5/19

Michael Pellerito, April 08, 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 29th - Friday, April 5th.  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 4.99% 71.20 67.81
2 VYAIRE MEDICAL TL B 4.89% 89.52 85.35
3 MOXIE LIBERTY LLC TL B1 4.30% 89.50 85.81
4 FIELDWOOD ENERGY EXIT 2ND LIEN TL 4.25% 85.83 82.34
5 BEACON HEALTH TL 4.14% 84.51 81.15
6 PETSMART TL B 3.77% 93.03 89.65
7 ORYX SOUTHERN TL B 3.48% 99.95 96.58
8 FLINT GROUP TL B2 2.41% 94.49 92.27
9 AIR METHODS TL 2.39% 76.70 74.90
10 NUMERICABLE TL B11 2.38% 95.97 93.73
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 3/29/19 - 4/5/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SUNGARD AVAIL SERV CAP EXT TL B -14.91% 63.60 74.75
FUSION CONNECT TL B -14.69% 78.39 91.88
MCS TL B -12.19% 69.98 79.69
RENTPATH TL -7.09% 68.52 73.75
LUMILEDS DD TL -3.74% 73.69 76.56
PEAK 10 TL -2.98% 90.53 93.31
HOLLAND & BARRETT GBP TL B -2.85% 84.06 86.53
HARLAND CLARKE TL B7 -2.03% 89.79 91.65
SOUTHCROSS PROPCO TL B -2.01% 87.89 89.69
10  SOUTHERN GRAPHICS TL B -2.00% 85.38 87.12
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 3/29/19 - 4/5/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 3/29/19 - 4/5/19
    • 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 3/29/19 - 4/5/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 AMERICAN AIRLINES TL B 0 22 22 N/A
2 HOLLAND & BARRETT EUR TL B 32 54 22 69%
3 MCS TL B 8 23 15 188%
4 DELACHAUX EUR TL B1 18 33 15 83%
5 HUB INTL LTD TL B 52 66 14 27%
6 HARBOURVEST TL 16 28 12 75%
7 GOLDEN ENTERTAINMENT TL 6 18 12 200%
8 MCGRAW-HILL GLOBAL TL 42 54 12 29%
9 REFRESCO HOLDING EUR TL B 2 14 12 600%
10 REFRESCO HOLDING GBP TL B2 10 22 12 120%
  • Exhibits the loans with the largest increase in quote volume for the week ending 3/29/19 vs. the week ending 4/5/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 JCREW TL B 13
2 CEVA SANTE ANIMALE EUR TL B 13
3 STATION CASINO TL B 11
4 ESH HOSPITALITY TL B 11
5 AIR METHODS TL 10
6 QUIKRETE TL B 10
7 BUCCANEER TL 10
8 BOYD GAMING TL B 10
9 PARTY CITY TL B 10
10 MCDERMOTT TL B 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 3/29/19 - 4/5/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 3/29/19 - 4/5/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 3/29/19 - 4/5/19
    • 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.