Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 8/25/17

Michael Pellerito, August 28, 2017

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, August 18th  - Friday, August 25th.  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 10.65% 55.58 50.23
2 PSC TL 4.45% 97.09 92.96
3 CBR FASHION EXT EUR TL C 2.80% 96.98 94.33
4 BIRCH COMMUNICATIONS TL 2.24% 71.20 69.64
5 TALEN ENERGY SUPPLY LLC TL B1 1.85% 97.85 96.07
6 TALEN ENERGY SUPPLY LLC TL B2 1.84% 98.14 96.36
7 TENSAR TL 1.34% 93.24 92.00
8 EXPRO HOLDINGS TL B 0.89% 64.12 63.55
9 CENTURYLINK TL B 0.81% 97.55 96.77
10 AVAYA EXT TL B3 0.64% 83.75 83.21
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 8/18/17 - 8/25/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 ACCUVANT 2ND LIEN TL -6.38% 88.00 94.00
2 ACCUVANT TL B -3.71% 90.75 94.25
3 MURRAY ENERGY TL B2 -3.63% 92.08 95.55
4 RGIS TL -3.07% 91.11 94.00
5 PETSMART TL B -1.52% 88.06 89.43
6 AMEDEO MSN 157 EUR TL B -1.21% 98.34 99.55
7 CARAUSTAR TL -1.11% 98.82 99.93
8 CONSOLIDATED COMMUNICATIONS TL B2 -1.00% 98.27 99.26
9 EXOPACK EUR TL B -0.86% 99.03 99.89
10 REGAL CINEMAS CORP TL B -0.73% 99.06 99.79
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 8/18/17 - 8/25/17
 
Average Bid PX by Sector.png
  • Displays the average loan bid price by sector for the period between 8/18/17 - 8/25/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
 
Sentiment v2-2.png
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 8/18/17 - 8/25/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 QUORUM HEALTH CORP TL 33 79 46 139%
2 GARDNER DENVER TL B 12 56 44 367%
3 UNIVAR INC TL B2 51 94 43 84%
4 ZIGGO TL E 56 96 40 71%
5 SERTA SIMMONS TL 32 70 38 119%
6 NTL CABLE PLC TL I 56 93 37 66%
7 AXALTA COATING SYSTEMS TL 58 95 37 64%
8 ASURION TL B4 20 56 36 180%
9 FIRST DATA CORP TL 39 72 33 85%
10 DJO FINANCE TL B 20 52 32 160%
  • Exhibits the loans with the largest increase in quote volume for the week ending 8/18/17 vs. the week ending 8/25/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ZIGGO TL E 9
2 GARDNER DENVER TL 9
3 NTL CABLE PLC TL I 9
4 WEX MED CORP TL B 9
5 QUORUM HEALTH CORP TL 8
6 FEDERAL-MOGUL TL C 8
7 DELL TL B 8
8 UNIVAR INC TL B2 8
9 AXALTA COATING SYSTEMS TL 8
10 PAROC EUR TL B1 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 8/18/17 - 8/25/17

 

Bid and Offer Volume-1.png

  • Reveals the total number of quotes by bid and offer for the period between 8/18/17 - 8/25/17

 

Sector Bid Offer Spread-1.png

  • Displays the bid-offer spread by sector between 8/18/17 - 8/25/17
    • 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.