Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 12/15/17

Michael Pellerito, December 18, 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 Solve's Market Summaries...

Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes


Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, December 8th - Friday, December 15th.  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 CROSBY 2ND LIEN TL 8.09% 90.98 84.17
2 DIXIE ELECTRIC TL B 3.70% 56.00 54.00
3 AENOVA 2ND LIEN EUR TL 3.53% 84.03 81.16
4 HEALOGICS EXT TL B 3.09% 87.29 84.67
5 FORTERRA TL 3.09% 93.48 90.68
6 IHEART TL D 2.47% 73.50 71.73
7 LONGVIEW POWER EXIT TL B 2.38% 68.58 66.99
8 CPI CARD GROUP TL B 2.35% 73.00 71.32
9 HC STARCK 2ND LIEN EUR TL 2.15% 93.25 91.29
10 UTEX 2ND LIEN TL 1.73% 94.68 93.06
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 12/8/17 - 12/15/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 PHILLIPS PET 2ND LIEN TL -38.70% 39.76 64.87
2 PETSMART TL B -9.90% 77.29 85.79
3 CROSSMARK TL -9.59% 46.34 51.25
4 PETCO TL B -8.31% 73.67 80.35
5 SERTA SIMMONS TL -5.26% 91.23 96.30
6 CHUCK E CHEESE TL B -5.03% 93.60 98.56
7 SWISSPORT INVESTMENTS SA EUR TL -2.89% 96.65 99.53
8 ALBANY MOLECULAR RESH INC 2ND LIEN TL -2.83% 98.24 101.09
9 COMMERCIAL BARGE TL -1.69% 58.26 59.26
10 GULF FINANCE HOUSE TL B -1.62% 90.90 92.39
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between  12/8/17 - 12/15/17
 
 Average Bid PX by Sector.png
 
  • Displays the average loan bid price by sector for the period between 12/8/17 - 12/15/17
    • 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 12/8/17 - 12/15/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 TELENET TL A 16 46 30 188%
2 RESEARCH NOW TL B 2 30 28 1400%
3 RACKSPACE HOSTING INC TL B 12 36 24 200%
4 PETSMART TL B 38 60 22 58%
5 REXNORD TL 10 31 21 210%
6 OBERTHUR TECHNOLOGIES SA EUR TL B1 34 50 16 47%
7 PAYSAFE TL B1 9 25 16 178%
8 SEAWORLD TL B2 33 48 15 45%
9 BMC SOFTWARE TL 51 66 15 29%
10 DUFF & PHELPS TL B 14 29 15 107%
  • Exhibits the loans with the largest increase in quote volume for the week ending 12/8/17 vs. the week ending 12/15/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 GRIFOLS WORLDWIDE TL B 11
2 DELL TL B 10
3 INFOR TL B 9
4 ABC SUPPLY TL 9
5 QUIKRETE TL B 9
6 WARNER MUSIC TL 9
7 AXALTA COATING SYSTEMS TL 9
8 JAGUAR HOLDING CO I TL 9
9 GARDNER DENVER TL B 9
10 INEOS FIN TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 12/8/17 - 12/15/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 12/8/17 - 12/15/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 12/8/17 - 12/15/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes

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.