Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 2/15/19

Michael Pellerito, February 19, 2019

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, February 8th - Friday, February 15th.  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 DIEBOLD TL B 5.97% 91.58 86.42
2 MONEYGRAM EXT TL B 5.92% 92.00 86.85
3 IQOR TL B 4.84% 93.31 89.00
4 US RENAL CARE 2ND LIEN TL 4.13% 99.97 96.00
5 HAMILTON SUNDSTRAND TL B 2.52% 99.90 97.44
6 ALM MEDIA TL 2.51% 90.75 88.53
7 UNIMIN CORP TL 2.40% 82.48 80.55
8 QWEST CORPORATION TL B 1.73% 97.35 95.70
9 NBTY 2ND LIEN TL 1.50% 84.00 82.76
10 MISYS 2ND LIEN TL 1.31% 97.15 95.89
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 2/8/19 - 2/15/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CTI FOODS TL -9.81% 50.00 55.44
2 PROSPECT MEDICAL TL B -8.39% 90.69 99.00
3 FIELDWOOD ENERGY EXIT 2ND LIEN TL -5.26% 79.72 84.14
4 MCDERMOTT TL B -3.09% 94.56 97.58
5 AFFINION GROUP TL B -2.75% 92.88 95.50
6 VIP CINEMA TL -2.42% 94.71 97.06
7 IPC SYSTEMS TL B -1.72% 80.07 81.48
8 NPC TL -1.72% 93.26 94.89
9 SKILLSOFT EXT TL -1.70% 78.48 79.83
10 HEALOGICS EXT TL B -1.64% 86.79 88.24
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 2/8/19 - 2/15/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 2/8/19 - 2/15/19
    • 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 2/8/19 - 2/15/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 HAYWARD INDUSTRIES TL 4 30 26 650%
2 GALILEO GLOBAL EDUCATION EUR TL B 2 22 20 1000%
3 ACOSTA TL B 36 56 20 56%
4 PETCO TL B 40 58 18 45%
5 SABRE TL A 14 31 17 121%
6 EIRCOM FDG EUR TL B6 62 79 17 27%
7 MEHILAINEN EUR TL B 38 52 14 37%
8 REFRESCO HOLDING EUR TL B1 43 56 13 30%
9 GHD GESUNDHEITS EUR TL B1 20 33 13 65%
10 HOMEVI EUR TL B 35 47 12 34%
  • Exhibits the loans with the largest increase in quote volume for the week ending 2/8/19 vs. the week ending 2/15/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 INEOS FIN TL B 15
2 MONITRONICS TL 12
3 INTELSAT TL B3 12
4 WEST CORP TL B 12
5 CABLE & WIRELESS TL B4 12
6 UBER TECHNOLOGIES TL B 12
7 HILTON TL B2 12
8 MCGRAW-HILL GLOBAL TL 11
9 WEST CORP TL B1 11
10 AVAYA TL B 11
  • Ranks the loans that were quoted by the highest number of dealers for the period between 2/8/19 - 2/15/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 2/8/19 - 2/15/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 2/8/19 - 2/15/19
    • 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.