Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 8/24/18

Michael Pellerito, August 27, 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, August 17th - Friday, August 24th.  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 FLINT GROUP 2ND LIEN TL 3.42% 83.59 80.82
2 BELK TL B 2.62% 85.11 82.94
3 NBTY 2ND LIEN TL 2.30% 89.00 87.00
4 VERITAS TL B1 1.72% 94.53 92.93
5 SLV GROUP GMBH EUR TL B 1.57% 88.25 86.89
6 COMPASS IV LTD 2ND LIEN EUR TL 1.06% 98.97 97.93
7 L&W GROUP TL 0.62% 100.84 100.21
8 EPIC HEALTH TL 0.57% 96.99 96.44
9 KLOECKNER EUR TL B 0.55% 94.93 94.42
10 NETS HOLDING EUR TL C 0.54% 99.96 99.42
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 8/17/18 - 8/24/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 LANNETT CO INC TL B -18.31% 80.94 99.09
2 HUSKY INJECTION MOLDING TL B -3.82% 94.39 98.14
3 KCA DEUTAG TL B -3.73% 95.50 99.20
4 CHOBANI TL B -1.72% 95.67 97.34
5 DUEMMEN ORANGE EUR TL -1.12% 81.01 81.92
6 SEDGWICK 2ND LIEN TL -0.81% 100.21 101.03
7 CIRQUE DE SOLEIL 2ND LIEN TL -0.76% 97.25 98.00
8 SERVICE KING TL B -0.66% 95.00 95.63
9 HELIX GENERATION TL B -0.64% 97.13 97.75
10 ESMALGLASS EUR TL B -0.63% 97.86 98.47
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 8/17/18 - 8/24/18
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 8/17/18 - 8/24/18
    • 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 8/17/18 - 8/24/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 SYNEOS TL A 12 30 18 150%
2 JACOBS DOUWE EUR TL B5 17 31 14 82%
3 FLINT GROUP EUR TL B 28 42 14 50%
4 MURRAY ENERGY TL B2 7 20 13 186%
5 PAYSAFE TL B1 14 26 12 86%
6 INTERNET BRANDS TL 38 50 12 32%
7 LANNETT CO INC TL A 10 22 12 120%
8 PLATFORM SPECIALTY EUR TL C5 12 24 12 100%
9 PLATFORM SPECIALTY EUR TL C6 12 24 12 100%
10 DUFF & PHELPS TL B 22 33 11 50%
  • Exhibits the loans with the largest increase in quote volume for the week ending 8/17/18 vs. the week ending 8/24/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 8
2 ALLISON TRANSMISSION TL B 8
3 HUB INTL LTD TL B 8
4 ACADEMY SPORTS TL B 7
5 INFOR TL B 7
6 SPRINGER NATURE TL B13 7
7 SOLARWINDS TL 7
8 ACOSTA TL B 7
9 QUIKRETE TL B 7
10 GENESYS TELECOMMUNICATIONS TL B 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 8/17/18 - 8/24/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 8/17/18 - 8/24/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 8/17/18 - 8/24/18
    • 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.