Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 12/21/18

Michael Pellerito, December 24, 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 14th - Friday, December 21st.  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 P2 SOLAR 2ND LIEN TL 1.20% 95.00 93.87
2 BELK TL B 0.68% 80.70 80.16
3 KUONI REISEN EUR TL B 0.38% 98.49 98.12
4 LANNETT CO INC TL A 0.34% 92.94 92.62
5 HUDSON'S BAY TL B 0.22% 97.20 96.99
6 DAE AVIATION TL 0.18% 98.94 98.75
7 CONCENTRA 2ND LIEN TL 0.15% 99.92 99.77
8 JACKPOTJOY GBP TL B 0.11% 98.88 98.76
9 INDIVIOR TL B 0.05% 97.52 97.47
10 LANNETT CO INC TL B 0.04% 81.11 81.08
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 12/14/18 - 12/21/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 ACOSTA TL B -11.20% 59.88 67.42
2 DAVID'S BRIDAL TL B -8.15% 52.32 56.97
3 SEADRILL PARTNERS LLC EXT TL B -7.92% 77.20 83.85
4 ACADEMY SPORTS TL B -7.13% 66.71 71.84
5 CTI FOODS TL -5.47% 75.37 79.74
6 UTZ QUALITY FOODS 2ND LIEN TL -5.11% 94.84 99.95
7 UNIMIN CORP TL -4.72% 72.07 75.63
8 INTERNET BRANDS 2ND LIEN TL -4.54% 94.10 98.57
9 PAREXEL INTERNATIONAL TL -4.42% 90.16 94.32
10 AIR METHODS TL -4.20% 79.33 82.81
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 12/14/18 - 12/21/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 12/14/18 - 12/21/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Market Sentiment - Advancers vs. Decliner
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 12/14/18 - 12/21/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 BERRY PLASTICS TL S 22 46 24 109%
2 NTL CABLE PLC GBP TL L 10 34 24 240%
3 SKILLSOFT EXT 2ND LIEN TL 44 64 20 45%
4 BERRY PLASTICS TL R 22 42 20 91%
5 BERRY PLASTICS TL T 28 46 18 64%
6 SKILLSOFT EXT TL 56 74 18 32%
7 SPECTRUM BRANDS INC TL B 12 29 17 142%
8 NTL CABLE PLC GBP TL M 19 35 16 84%
9 RUSSELL INVESTMENTS TL B 22 36 14 64%
10 HYLAND SOFTWARE 2ND LIEN TL 6 20 14 223%
  • Exhibits the loans with the largest increase in quote volume for the week ending 12/14/18 vs. the week ending 12/21/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ZIGGO EUR TL F 8
2 VERALLIA EUR TL B4 8
3 DIAVERUM EUR TL B 8
4 OGF SA EUR TL B 8
5 FRONERI EUR TL B 8
6 CHUCK E CHEESE TL B 7
7 CENGAGE TL 7
8 AMEDEO MSN 157 EUR TL B 7
9 VERITAS TL B1 7
10 GO DADDY DD TL 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 12/14/18 - 12/21/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 12/14/18 - 12/21/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 12/14/18 - 12/21/18
    • 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.