Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 2/2/18

Michael Pellerito, February 05, 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, January 26th - Friday, February 2nd.  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 EXPRO HOLDINGS TL B 10.65% 70.98 64.15
2 JCREW TL B 7.11% 69.65 65.02
3 HARVEY GULF TL B 5.61% 45.90 43.46
4 GNC TL B 3.03% 89.85 87.21
5 NBTY 2ND LIEN TL 2.77% 94.55 92.00
6 JILL TL B 2.75% 98.87 96.23
7 IDERA PHARMACEUTICALS INC 2ND LIEN TL 2.54% 101.00 98.50
8 ASCENA RETAIL TL B 2.21% 89.53 87.60
9 ACCUVANT 2ND LIEN TL 2.19% 91.95 89.98
10 BELK TL B 1.99% 86.38 84.69
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/26/18 - 2/2/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 AHT COOLING SYSTEMS EUR TL B1 -2.84% 96.96 99.79
2 AMERICAN ENERGY MARCELLUS TL -2.27% 65.02 66.53
3 LIGHTSQUARED EXIT 2ND LIEN TL -1.62% 57.68 58.62
4 FORTERRA TL -1.21% 93.89 95.04
5 WINDSTREAM TL B7 -1.00% 88.39 89.29
6 ALLNEX EUR TL -0.91% 99.20 100.11
7 SCHUMACHER GROUP 2ND LIEN TL -0.85% 93.03 93.83
8 EASTMAN KODAK EXIT TL -0.83% 91.16 91.92
9 IQOR 2ND LIEN TL -0.81% 96.13 96.92
10 KLOECKNER TL B -0.75% 100.37 101.13
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/26/18 - 2/2/18 
 
 Average Bid PX By Sector v2.png
 
  • Displays the average loan bid price by sector for the period between 1/26/18 - 2/2/18
    • 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 1/26/18 - 2/2/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 MEREDITH CO TL B 14 54 40 286%
2 ROYALTY PHARMA TL B6 28 54 26 93%
3 ENDEMOL TL 29 54 25 86%
4 COTY EUR TL B1 10 34 24 240%
5 ACETOW GMBH TL B 4 24 20 500%
6 ENNIS-FLINT TL 4 24 20 500%
7 TANGSHAN PORT GR TL 15 35 20 133%
8 PHILLIPS PET TL 18 36 18 100%
9 INEOS FIN EUR TL B 22 40 18 82%
10 99 CENTS ONLY TL B 10 28 18 180%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/26/18 vs. the week ending 2/2/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 AXALTA COATING SYSTEMS TL 13
2 INFORMATICA TL B 10
3 DELL TL B 10
4 TRAVELPORT TL 9
5 GARDNER DENVER TL B 9
6 JAGUAR HOLDING CO I TL 9
7 BRAND ENERGY TL 9
8 NUMERICABLE TL B12 9
9 EPICOR SOFTWARE TL B 8
10 COMMUNITY HEALTH TL G 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 1/26/18 - 2/2/18

 

Bid and Offer Volume v2.png

  • Reveals the total number of quotes by bid and offer for the period between 1/26/18 - 2/2/18

 

Sector Bid Offer Spread v3.png

  • Displays the bid-offer spread by sector between 1/26/18 - 2/2/18
    • 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.