Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 12/14/18

Michael Pellerito, December 17, 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, December 7th - Friday, December 14th.  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 HELIX GENERATION TL B 2.22% 93.46 91.43
2 HILDING ANDERS EUR TL 1.60% 80.38 79.11
3 CSM N V TL B 0.74% 94.00 93.31
4 DELUXE ENTERTAINMENT TL B 0.71% 88.45 87.83
5 ACCURIDE TL B 0.68% 96.17 95.52
6 EXGEN RENEWABLES I TL B 0.53% 95.50 95.00
7 SLV GROUP GMBH EUR TL B 0.34% 80.28 80.00
8 TRAVELPORT TL B 0.26% 99.13 98.87
9 CALIFORNIA PIZZA TL 0.14% 97.13 97.00
10 MMODAL TL B 0.09% 99.32 99.22
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 12/7/18 - 12/14/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 SKILLSOFT EXT 2ND LIEN TL -25.78% 55.95 75.38
2 UNITED NATURAL FOODS TL B -8.35% 83.39 90.98
3 ONVOY, LLC TL -6.36% 90.78 96.95
4 ADVANTAGE SALES 2ND LIEN TL -4.86% 79.14 83.19
5 RENTPATH 2ND LIEN TL -4.73% 52.25 54.84
6 IMG WORLDWIDE TL B -4.61% 94.11 98.66
7 RGIS TL -4.50% 86.33 90.39
8 SOUTHERN GRAPHICS TL B -4.17% 95.08 99.22
9 TTM TECHNOLOGIES INC TL -3.84% 94.19 97.95
10 PEAK 10 TL -3.80% 94.30 98.30
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 12/7/18 - 12/14/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 12/7/18 - 12/14/18
    • 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 12/7/18 - 12/14/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 TRAVELPORT TL B 34 62 28 82%
2 NIDDA HEALTHCARE HOLDING GMBH EUR TL D 8 30 22 275%
3 REVLON TL B 29 50 21 72%
4 FITNESS & SPORT CLUBS TL B 32 50 18 56%
5 DITECH EXIT TL B 30 46 16 53%
6 EQUINOX HLDGS INC TL B 29 44 15 52%
7 SEADRILL PARTNERS LLC EXT TL B 32 47 15 47%
8 JAGUAR HOLDING CO I TL 38 53 15 39%
9 HEALOGICS EXT TL B 10 24 14 140%
10 INOVALON HOLDINGS TL B 24 38 14 58%
  • Exhibits the loans with the largest increase in quote volume for the week ending 12/7/18 vs. the week ending 12/14/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 QUIKRETE TL B 9
2 NOMAD FOODS EUR TL 9
3 FINANCIAL & RISK US HOLDINGS INC EUR TL B 9
4 ACTION NEDERLAND BV EUR TL B 9
5 AMEDEO MSN 157 EUR TL B 8
6 NETS HOLDING EUR TL C 8
7 ETHYPHARM EUR TL B 8
8 CERAMTEC EUR TL B 8
9 SGB-SMIT EUR TL B 8
10 COTY EUR TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 12/7/18 - 12/14/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 12/7/18 - 12/14/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 12/7/18 - 12/14/18
    • 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.