Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 11/30/18

Michael Pellerito, December 03, 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 23rd - Friday, November 30th.  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 ADDISON LEE GBP TL B3 2.95% 76.18 74.00
2 AHT COOLING SYSTEMS EUR TL B1 2.70% 97.57 95.00
3 CENVEO DD TL 2.06% 96.95 95.00
4 MCDERMOTT TL B 1.00% 95.74 94.79
5 HUSKY INJECTION MOLDING TL B 0.99% 93.66 92.74
6 TCW TL B 0.89% 100.31 99.42
7 US SILICA CO TL B 0.71% 88.77 88.15
8 SUBCOM TL 0.67% 99.61 98.95
9 PABST TL 0.56% 92.97 92.45
10 DIPLOMAT PHARMACY TL B 0.49% 99.50 99.01
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 11/23/18 - 11/30/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CATALINA MARKETING TL B -24.75% 24.20 32.16
2 OWENS & MINOR DISTRIBUTION TL B -14.71% 82.08 96.24
3 FIELDWOOD ENERGY EXIT 2ND LIEN TL -9.65% 91.03 100.75
4 DAVID'S BRIDAL TL B -9.35% 70.25 77.50
5 THT HEAT TRANSFER TL B -7.90% 78.24 84.95
6 MONEYGRAM EXT TL B -7.70% 84.73 91.80
7 ANCHOR GLASS 2ND LIEN TL -5.31% 60.64 64.04
8 SGB-SMIT EUR TL B -5.22% 82.97 87.55
9 ONE CALL EXT TL B -3.79% 90.15 93.71
10 ROYAL OAK TL B -3.28% 94.04 97.23
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 11/23/18 - 11/30/18
 
 Avg Bid PX By Sector
  • Displays the average loan bid price by sector for the period between 11/23/18 - 11/30/18
    • 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 11/23/18 - 11/30/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 BMC SOFTWARE TL B 42 79 37 88%
2 EAGLECLAW TL B 14 40 26 186%
3 NEIMAN MARCUS TL B 27 52 25 93%
4 MOHEGAN TL A 18 41 23 128%
5 NRG ENERGY TL B 34 56 22 65%
6 ORTHO-CLINICAL TL B 26 48 22 85%
7 SKILLSOFT EXT 2ND LIEN TL 42 64 22 52%
8 COTY EUR TL B 26 48 22 85%
9 AENOVA EUR TL B 24 46 22 92%
10 CALPINE CORP TL B5 35 56 21 60%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/23/18 vs. the week ending 11/30/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 BAUSCH HEALTH COMPANIES INC. TL B 9
2 ALBERTSONS TL B7 8
3 ZIGGO EUR TL F 8
4 AMWINS TL 8
5 RACKSPACE HOSTING TL B 8
6 APPLIED SYSTEMS TL B 8
7 SPRINGER NATURE TL B13 8
8 SS&C TECH TL B4 8
9 ENERGY TRANSFER EQUITY TL B 8
10 NTL CABLE PLC TL K 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 11/23/18 - 11/30/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 11/23/18 - 11/30/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 11/23/18 - 11/30/18
    • 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.