Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 8/4/17

Michael Pellerito, August 07, 2017

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 Weekly Market Summaries...

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


Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, July 28th - Friday, August 4th.  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 COMPUCOM TL B 8.85% 85.44 78.50
2 AMERICAN ENERGY MARCELLUS TL 5.22% 63.92 60.75
3 VIVARTE PIK EUR TL 5.16% 78.68 74.82
4 CAMAIEU EUR TL C1 4.67% 85.71 81.89
5 ECO-BAT PIK EUR TL 4.05% 34.69 33.34
6 FULLBEAUTY TL 3.69% 63.40 61.14
7 TUNSTALL RES INC GBP TL B 3.13% 102.28 99.18
8 AVAYA TL B6 2.86% 83.49 81.17
9 FULLBEAUTY 2ND LIEN TL 2.49% 40.95 39.95
10 TOWN SPORTS INTL HLDGS INC TL B 2.41% 92.44 90.27
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 7/28/17 - 8/4/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 ACADEMY SPORTS TL B -3.23% 75.93 78.46
2 CPI CARD GROUP TL B -3.19% 84.15 86.92
3 SEADRILL PARTNERS LLC EXT TL B -1.98% 66.99 68.35
4 TRIPLE POINT TL -1.70% 92.03 93.63
5 FAT FACE GBP TL B -1.66% 82.12 83.50
6 DEOLEO 2ND LIEN EUR TL -1.52% 45.54 46.25
7 CENGAGE TL -1.39% 93.22 94.53
8 NEIMAN MARCUS TL B -1.38% 73.47 74.49
9 PANDA TEMPLE I TL B -1.37% 72.00 73.00
10 PARADIGM TL B -1.15% 86.00 87.00
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 7/28/17 - 8/4/17
 
Average Bid PX by Sector.png
  • Displays the average loan bid price by sector for the period between 7/28/17 - 8/4/17
    • 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 7/28/17 - 8/4/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 TECHEM EUR TL A 20 71 51 255%
2 YRC WORLDWIDE INC TL B 6 52 46 767%
3 GRIFOLS WORLDWIDE TL B 8 51 43 538%
4 DTZ TL B 55 97 42 76%
5 NTL CABLE PLC TL I 58 100 42 72%
6 NUMERICABLE TL B10 52 94 42 81%
7 NUMERICABLE TL B11 56 97 41 73%
8 ZIGGO TL E 64 103 39 61%
9 ZAYO TL B2 20 57 37 185%
10 MISYS TL B 52 89 37 71%
  • Exhibits the loans with the largest increase in quote volume for the week ending 7/28/17 vs. the week ending 8/4/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 GRIFOLS WORLDWIDE TL B 13
2 NEIMAN MARCUS TL B 10
3 FLAKT WOODS EUR TL B 10
4 DELL TL B 10
5 ACTION NEDERLAND BV EUR TL B 10
6 GRIFOLS WORLDWIDE TL B 10
7 DTZ TL B 10
8 COMMUNITY HEALTH TL H 8
9 ZIGGO TL E 8
10 CONCORDIA HEALTHCARE TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 7/28/17 - 8/4/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 7/28/17 - 8/4/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 7/28/17 - 8/4/17
    • 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.