Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 8/18/17

Michael Pellerito, August 21, 2017

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, August 11th  - Friday, August 18th.  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 RENFRO TL B 4.60% 98.23 93.91
2 FERRARA CANDY TL B 3.10% 97.03 94.11
3 QUALITY DISTR LLC / QD CAP TL 2.42% 97.25 94.95
4 GYMBOREE TL 2.09% 37.28 36.52
5 AZURE MIDSTREAM TL B 1.24% 93.41 92.27
6 CUNNINGHAM LINDSEY TL B 1.18% 92.94 91.85
7 CUMULUS MEDIA TL 1.11% 81.53 80.64
8 ENDEMOL TL 0.95% 94.17 93.29
9 GROCERY OUTLET TL B 0.80% 100.00 99.20
10 DELUXE ENTERTAINMENT TL B 0.77% 99.83 99.07
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 8/11/17 - 8/18/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 EXPRO HOLDINGS TL B -11.79% 63.55 72.04
2 COLT DEFENSE TL -10.00% 45.00 50.00
3 COLT DEFENSE EXIT TL -5.88% 80.00 85.00
4 ACADEMY SPORTS TL B -5.39% 69.99 73.97
5 RGIS TL -5.25% 94.00 99.20
6 ACCUVANT 2ND LIEN TL -5.05% 94.00 99.00
7 ACCUVANT TL B -4.80% 92.25 99.00
8 NEIMAN MARCUS TL B -2.34% 71.94 73.67
9 ADVANTAGE SALES TL B -2.30% 95.29 97.53
10 MURRAY ENERGY TL B2 -1.80% 95.55 97.30
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 8/11/17 - 8/18/17
 
Average Bid PX by Sector.png
  • Displays the average loan bid price by sector for the period between 8/11/17 - 8/18/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
 
Sentiment.png
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 8/11/17 - 8/18/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 KRATON POLYMERS LLC / KRATON TL B 10 58 48 480%
2 ZEBRA TECHNOLOGIES CORP TL 33 79 46 139%
3 GENESYS TELECOMMUNICATIONS TL B 36 78 42 117%
4 FORTERRA TL 32 70 38 119%
5 BRAND ENERGY TL 30 66 36 120%
6 DELL TL B 75 110 35 47%
7 QUIKRETE TL B 43 78 35 81%
8 INFOR TL B 58 92 34 59%
9 CHARTER COMMUNICATIONS TL H 38 72 34 89%
10 ACADEMY SPORTS TL B 24 57 33 138%
  • Exhibits the loans with the largest increase in quote volume for the week ending 8/11/17 vs. the week ending 8/18/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 GRIFOLS WORLDWIDE TL B 12
2 DELL TL B 10
3 INFOR TL B 9
4 US LBM EXT TL 8
5 INFORMATICA TL B 8
6 KRATON POLYMERS LLC / KRATON TL 8
7 TRAVELPORT TL C 8
8 UNIVAR INC TL B2 8
9 TELENET TL A 8
10 FLAKT WOODS EUR TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 8/11/17 - 8/18/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 8/11/17 - 8/18/17

 

Sector Bid Offer Spread v2.png

  • Displays the bid-offer spread by sector between 8/11/17 - 8/18/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 

Want free access to Real-Time Composite pricing for Syndicated Bank Loans?

Solve Advisors is launching a free Beta for qualified participants, where you will have unlimited access to Solve's composite loan pricing via the SolveQuotes platform.  Participants will be invited to share feedback and offer suggestions on our product. Click the link below to learn more and become a Beta participant! 

Join the Loan Composite Beta

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.