Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 12/28/18

Michael Pellerito, December 31, 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 21st - Friday, December 28th.  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 THT HEAT TRANSFER TL B 9.46% 84.26 76.97
2 CAMAIEU PIK EUR TL C1 2.11% 46.00 45.05
3 CURAEOS EUR TL B 1.79% 96.36 94.67
4 LEGACY RESERVES REV 1.73% 97.83 96.17
5 ENERGIZER TL B 1.54% 98.48 96.99
6 JC PENNEY TL B 1.01% 84.42 83.58
7 SEMINOLE HARD ROCK TL B 0.91% 98.39 97.50
8 BOMBARDIER RECREATIONAL TL B 0.88% 97.29 96.43
9 APTOS INC TL 0.15% 98.62 98.46
10 ATLANTIC POWER TL B 0.19% 97.23 97.05
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 12/21/18 - 12/28/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 GEO GROUP TL B -5.32% 92.73 97.95
2 BUCCANEER 2ND LIEN TL -5.23% 83.65 88.27
3 COLORADO BUYER 2ND LIEN TL -5.05% 91.50 96.37
4 AUGUSTA SPORTSWEAR TL -3.78% 89.13 92.63
5 US TELEPACIFIC TL B -3.35% 92.83 96.05
6 CHEMOURS TL B -2.81% 95.95 98.73
7 KINETIC CONCEPTS TL B -2.67% 96.32 98.96
8 R J TOWER CORP TL -2.60% 94.76 97.29
9 US FOODS TL B -2.51% 94.36 96.79
10 MICROCHIP TECHNOLOGY TL -2.28% 94.67 96.88
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 12/21/18 - 12/28/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 12/21/18 - 12/28/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Sentiment
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 12/21/18 - 12/28/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 KORE WIRELESS GROUP INC TL 4 16 12 300%
2 NATIONAL VET TL B 0 8 8 N/A
3 COHERENT INC EUR TL B 0 8 8 N/A
4 CONSTELLATION BRANDS TL A1 2 8 6 300%
5 DELACHAUX EUR TL B1 0 6 6 N/A
6 EXCELITAS TL 4 10 6 150%
7 ESMALGLASS EUR TL B 0 4 4 N/A
8 DUEMMEN ORANGE EUR TL 0 4 4 N/A
9 HURTIGRUTEN GROUP EUR TL B 0 4 4 N/A
10 CORIALIS GBP TL 0 4 4 N/A
  • Exhibits the loans with the largest increase in quote volume for the week ending 12/21/18 vs. the week ending 12/28/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 CALPINE CORP TL B8 8
2 INEOS FIN TL B 8
3 CALPINE CORP TL B7 8
4 CALPINE CORP TL B5 8
5 FINANCIAL & RISK US HOLDINGS INC TL B 8
6 JBS USA TL B 8
7 ZIGGO EUR TL F 7
8 CENGAGE TL 7
9 FIRST DATA CORP TL B 7
10 VERITAS TL B1 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 12/21/18 - 12/28/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 12/21/18 - 12/28/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 12/21/18 - 12/28/18
    • 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.