Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 2/22/19

Michael Pellerito, February 25, 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 15th - Friday, February 22nd.  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 DITECH EXIT TL B 8.72% 67.50 62.09
2 GIVE & GO TL B 4.05% 90.90 87.36
3 US SILICA CO TL B 3.56% 93.99 90.76
4 REVLON TL B 2.73% 74.54 72.56
5 IHEART TL E 2.52% 69.70 67.99
6 WINDSTREAM SERVICES LLC TL B7 2.28% 87.86 85.91
7 YAK MAT TL B 2.06% 86.00 84.26
8 ALTICE FINANCING TL B 1.94% 95.30 93.48
9 IQOR 2ND LIEN TL 1.91% 77.00 75.55
10 SEADRILL PARTNERS LLC EXT TL B 1.89% 81.13 79.63
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 2/15/19 - 2/22/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 SKILLSOFT EXT 2ND LIEN TL -13.06% 40.83 46.97
2 SGB-SMIT EUR TL B -8.21% 71.96 78.40
3 COMMUNICATIONS S&L TL B -4.93% 89.19 93.81
4 ONE CALL EXT TL B -1.74% 84.89 86.40
5 STERLING TALENT SOLUTIONS TL -1.35% 96.00 97.31
6 IPC SYSTEMS TL B -1.32% 79.01 80.07
7 HOUGHTON MIFFLIN TL -1.24% 92.88 94.05
8 CPI CARD GROUP TL B -1.16% 62.52 63.25
9 QLIK TECHNOLOGIES TL B -0.98% 97.40 98.37
10 EMERALD PERFORMANCE TL -0.91% 98.02 98.92
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 2/15/19 - 2/22/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 2/15/19 - 2/22/19
    • 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 2/15/19 - 2/22/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 INEOS FIN TL B 33 48 15 45%
2 WINDSTREAM SERVICES LLC TL B6 6 19 13 217%
3 KUONI REISEN EUR TL B 34 44 10 29%
4 KUONI REISEN GBP TL B 16 26 10 63%
5 HC STARCK MEZZ 0 8 8 N/A
6 PIER 1 TL B 6 14 8 133%
7 BEAVST TL B 0 8 8 N/A
8 COLE HAAN TL B1 8 16 8 100%
9 GENESYS TELECOM EUR TL B3 16 24 8 50%
10 WINDSTREAM SERVICES LLC TL B7 10 18 8 80%
  • Exhibits the loans with the largest increase in quote volume for the week ending 2/15/19 vs. the week ending 2/22/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 INEOS FIN TL B 10
2 VERISURE MIDHOLDING AB EUR TL B1 9
3 BMC SOFTWARE TL B 9
4 COTY TL B 9
5 BERRY PLASTICS TL Q 9
6 DELL TL B 8
7 CINEWORLD TL B 8
8 NRG ENERGY TL B 8
9 GETTY IMAGES TL B 8
10 CROWN AMERICAS TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 2/15/19 - 2/22/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 2/15/19 - 2/22/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 2/15/19 - 2/22/19
    • 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.