Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 12/8/17

Michael Pellerito, December 11, 2017

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, December 1st- Friday, December 8th.  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 LANDS END TL B 5.79% 87.50 82.71
2 SOUTHEAST POWERGEN LLC TL B 3.19% 95.45 92.50
3 JCREW TL B 2.98% 62.01 60.22
4 AVAYA TL B7 2.17% 77.96 76.31
5 ADVANTAGE SALES 2ND LIEN TL 2.06% 89.46 87.66
6 SKILLSOFT EXT 2ND LIEN TL 1.95% 90.02 88.30
7 DIXIE ELECTRIC TL B 1.89% 54.00 53.00
8 INTERNET BRANDS 2ND LIEN TL 1.70% 100.24 98.57
9 REVLON GROUP INC TL B 1.63% 75.74 74.53
10 CUNNINGHAM LINDSEY TL B 1.55% 99.52 98.00
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period betweend 12/1/17 - 12/8/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 GNC TL B -9.46% 85.88 94.86
2 PHILLIPS PET TL -8.85% 70.16 76.97
3 SERTA SIMMONS 2ND LIEN TL -7.99% 84.83 92.20
4 ISOLA TL B -5.12% 55.65 58.65
5 FLINT GROUP 2ND LIEN EUR TL -4.77% 79.90 83.90
6 EASTMAN KODAK EXIT TL -2.74% 87.02 89.48
7 SMS SYSTEMS TL -2.54% 85.46 87.69
8 LIGHTSQUARED EXIT 2ND LIEN TL -1.92% 60.10 61.27
9 EPIC HEALTH TL -1.45% 98.00 99.44
10 NUMERICABLE TL B11 -1.37% 96.51 97.85
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period betweend 12/1/17 - 12/8/17
 
 Average Bid PX by Sector.png
 
  • Displays the average loan bid price by sector for the period between 12/1/17 - 12/8/17
    • 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 12/1/17 - 12/8/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 VANTIV INC TL B3 42 67 25 60%
2 VANTIV INC TL B4 45 69 24 53%
3 IMS HEALTH TL B1 10 34 24 240%
4 GNC TL B 38 58 20 53%
5 VALEANT PHARMACEUTICALS TL F1 12 30 18 150%
6 KINOVE TL B 15 32 17 113%
7 VANTIV INC TL A 18 34 16 89%
8 GATES GLOBAL TL B 20 36 16 80%
9 MICROSEMI TL B 20 35 15 75%
10 PACKERS HOLDINGS TL B 2 16 14 700%
  • Exhibits the loans with the largest increase in quote volume for the week ending 12/1/17 vs. the week ending 12/8/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 GRIFOLS WORLDWIDE TL B 11
2 DELL TL B 10
3 COMMERCIAL BARGE TL 9
4 RIVERBED TL B 9
5 SOLARWINDS INC TL 9
6 INFOR TL B 9
7 KRONOS TL B 9
8 AXALTA COATING SYSTEMS TL 9
9 JAGUAR HOLDING CO I TL 9
10 GENESYS TELECOMMUNICATIONS TL B 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 12/1/17 - 12/8/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 12/1/17 - 12/8/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 12/1/17 - 12/8/17
    • 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.