Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 4/6/18

Michael Pellerito, April 09, 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, March 30th - Friday, April 6th.  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 CHANNELVIEW TL B 2.74% 97.93 95.32
2 CORRECT CARE TL B 2.65% 96.74 94.24
3 SEADRILL PARTNERS LLC EXT TL B 1.82% 84.98 83.46
4 GLOBAL KNOWLEDGE TL 1.75% 88.57 87.04
5 DEOLEO EUR TL B 1.54% 61.35 60.42
6 ALBANY MOLECULAR RESH INC TL 1.24% 100.40 99.18
7 COMMERCIAL BARGE TL 1.19% 58.83 58.14
8 CEVA GROUP TL B 0.96% 98.94 98.00
9 ACADEMY SPORTS TL B 0.91% 80.37 79.64
10 CONCORDIA HEALTHCARE TL 0.89% 90.01 89.22
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 3/30/18 - 4/6/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 LIGHTSQUARED EXIT 2ND LIEN TL -18.48% 38.56 47.30
2 PHILLIPS PET 2ND LIEN TL -17.71% 38.37 46.63
3 HARVEY GULF TL A -9.15% 39.07 43.00
4 CSM N V 2ND LIEN TL -4.32% 91.11 95.21
5 PETCO TL B -3.13% 70.62 70.90
6 TIERPOINT 2ND LIEN TL -3.00% 97.00 100.00
7 KLOECKNER EUR TL B -2.90% 93.58 96.37
8 ADVANTAGE SALES 2ND LIEN TL -1.99% 93.65 95.55
9 FLINT GROUP 2ND LIEN EUR TL -1.66% 82.00 83.38
10 HUDSON'S BAY TL B -1.57% 94.84 96.35
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 3/30/18 - 4/6/18
 
 av bid px by sector
 
  • Displays the average loan bid price by sector for the period between 3/30/18 - 4/6/18
    • 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  3/30/18 - 4/6/18

 

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

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DOOSAN BOBCAT TL B 40 64 24 60%
2 FORTERRA TL 52 73 21 40%
3 ALLISON TRANSMISSION TL 25 45 20 80%
4 INTERNET BRANDS TL 6 25 19 317%
5 IQOR TL B 12 30 18 150%
6 NEUSTAR TL B3 0 18 18 0%
7 IQOR 2ND LIEN TL 12 29 17 142%
8 JASON INC TL 18 34 16 89%
9 CAESARS RESORT COLLECTION TL 37 52 15 41%
10 CAMPING WORLD TL B 11 26 15 136%
  • Exhibits the loans with the largest increase in quote volume for the week ending 3/30/18 vs. the week ending 4/6/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ABC SUPPLY TL B 10
2 INEOS FIN TL B 9
3 REYNOLDS GROUP TL B 9
4 FORTERRA TL 9
5 AUDATEX NORTH AMER INC TL B 9
6 ESH HOSPITALITY TL B 8
7 PLATFORM SPECIALTY TL B7 8
8 NUMERICABLE TL B12 8
9 SPRINGER NATURE TL B13 8
10 NTL CABLE PLC TL K 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 3/30/18 - 4/6/18

 

bid and offer volume

  • Reveals the total number of quotes by bid and offer for the period between 3/30/18 - 4/6/18

 

sector bid offer spread

  • Displays the bid-offer spread by sector between 3/30/18 - 4/6/18
    • 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.