Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 12/1/17

Michael Pellerito, December 04, 2017

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 24th- Friday, December 1st.  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 ACADEMY SPORTS TL B 5.28% 79.28 75.31
2 PETSMART TL B 4.10% 86.24 82.85
3 JCREW TL B 3.47% 57.99 56.05
4 CSM N V 2ND LIEN TL 3.11% 92.80 90.00
5 WALGREENS DUANE READE TL B 2.84% 100.78 98.00
6 CTI FOODS TL 2.10% 87.66 85.85
7 BELK TL B 2.01% 80.82 79.23
8 BASS PRO SHOPS TL B 1.67% 98.03 96.42
9 CPI CARD GROUP TL B 1.52% 71.20 70.14
10 DAVID'S BRIDAL TL B 1.27% 83.40 82.35
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period betweend 11/24/17 - 12/1/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 COLT DEFENSE TL -44.44% 25.00 45.00
2 BLACKHAWK MINING TL -5.82% 83.71 88.88
3 ASSOCIATED ASPHALT PARTNERS, LLC TL B -4.60% 91.59 96.00
4 GULF FINANCE HOUSE TL B -4.12% 93.00 97.00
5 ACCUVANT 2ND LIEN TL -3.80% 88.50 92.00
6 DIXIE ELECTRIC TL B -3.64% 53.00 55.00
7 CATALINA MARKETING 2ND LIEN TL -3.05% 44.01 45.39
8 AMPLIFY SNACK BRANDS TL -2.32% 96.52 98.82
9 ACCUVANT TL B -1.57% 93.49 94.98
10 DEL MONTE FOODS CO TL -1.52% 80.83 82.08
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period betweend 11/24/17 - 12/1/17
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 11/24/17 - 12/1/17
    • 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 11/24/17 - 12/1/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 UNIVAR TL B 9 68 59 656%
2 RCN GRANDE TL B 7 65 58 829%
3 INFOR TL B 43 94 51 119%
4 DELL TL B 45 95 50 111%
5 PLATFORM SPECIALTY TL B6 34 82 48 141%
6 FIRST DATA CORP TL B 19 66 47 247%
7 APPLIED SYSTEMS TL B 32 76 44 138%
8 PINNACLE FOODS TL B 25 68 43 172%
9 SOLARWINDS INC TL 39 82 43 110%
10 MITCHELL TL B 6 48 42 700%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/24/17 vs. the week ending 12/1/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 FIRST DATA CORP TL 11
2 GRIFOLS WORLDWIDE TL B 10
3 AXALTA COATING SYSTEMS TL 10
4 DELL TL B 10
5 COMMUNITY HEALTH TL G 9
6 COMMUNITY HEALTH TL H 9
7 VALEANT PHARMACEUTICALS TL F1 9
8 UNIVAR TL B2 9
9 NRG ENERGY TL B 9
10 AUDATEX NORTH AMER INC TL B 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 11/24/17 - 12/1/17

 

Bid Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 11/24/17 - 12/1/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 11/24/17 - 12/1/17
    • 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.