Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 12/7/18

Michael Pellerito, December 10, 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, November 30th - Friday, December 7th.  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 LIBERTY CABLE EXT 2ND LIEN TL 2.78% 94.75 92.18
2 EPIQ SYSTEMS TL B 2.16% 96.28 94.25
3 SPECTRUM PLASTICS TL 1.83% 99.09 97.31
4 JACK WOLFSKIN PROPCO EUR TL B 1.47% 103.22 101.72
5 AHT COOLING SYSTEMS EUR TL B1 1.46% 98.99 97.57
6 SEADRILL PARTNERS LLC EXT TL B 1.11% 86.50 85.55
7 TECHNIMARK TL B 0.99% 99.51 98.53
8 HC STARCK 2ND LIEN EUR TL 0.86% 103.04 102.15
9 APEX TOOLS TL B 0.70% 97.35 96.67
10 BEACON ROOFING TL B 0.29% 97.30 97.03
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 11/30/18 - 12/7/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 DAVID'S BRIDAL TL B -17.73% 57.80 70.25
2 HEALTHPORT TL B -7.27% 85.45 92.15
3 SMS SYSTEMS TL -3.97% 78.12 81.35
4 RACKSPACE HOSTING TL B -3.42% 90.38 93.58
5 EAGLEVIEW TL B -3.16% 95.57 98.69
6 JCREW TL B -3.09% 81.00 83.58
7 CTI FOODS TL -2.99% 80.04 82.50
8 TIERPOINT 2ND LIEN TL -2.36% 95.45 97.75
9 ATLANTIC BROADBAND TL -2.14% 97.17 99.29
10 NAVEX GLOBAL 2ND LIEN TL -1.99% 97.25 99.23
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 11/30/18 - 12/7/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 11/30/18 - 12/7/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Market Sentiment - Advancers vs. Decliners
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 11/30/18 - 12/7/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ABC SUPPLY TL B 16 38 22 138%
2 POLYONE TL B 6 24 18 300%
3 GARDA SECURITY TL B 5 22 17 340%
4 GRAY TELEVISION TL B 8 24 16 200%
5 CARESTREAM HEALTH TL 17 32 15 88%
6 CAPSTONE LOGISTICS TL 0 14 14 N/A
7 ADVISOR GROUP TL B 4 18 14 350%
8 AMERICAN AIRLINES TL B 4 18 14 350%
9 GO WIRELESS TL 5 19 14 280%
10 GEO GROUP TL B 4 18 14 350%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/30/18 vs. the week ending 12/7/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DIAVERUM EUR TL B 11
2 INEOS FIN EUR TL B 10
3 TDC A/S EUR TL B 9
4 US FOODS TL B 9
5 AMEDEO MSN 157 EUR TL B 9
6 ETHYPHARM EUR TL B 9
7 VERISURE MIDHOLDING AB EUR TL B1 9
8 TECHEM GMBH EUR TL B1 9
9 CERAMTEC EUR TL B 8
10 INOVYN EUR TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 11/30/18 - 12/7/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 11/30/18 - 12/7/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 11/30/18 - 12/7/18
    • 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.