Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 2/1/19

Michael Pellerito, February 04, 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, January 25th - Friday, February 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 SAVE A LOT TL B 4.23% 55.75 53.49
2 MONEYGRAM EXT TL B 2.77% 86.85 84.51
3 US TELEPACIFIC TL B 2.59% 97.88 95.41
4 NAVISTAR INTERNATIONAL TL B 2.26% 100.98 98.75
5 PETCO TL B 2.23% 76.72 75.05
6 HILDING ANDERS EUR TL 1.66% 80.15 78.84
7 DONCASTERS EXT TL B 1.56% 89.83 88.45
8 UTEX TL B 1.37% 95.04 93.75
9 GETTY IMAGES TL B 1.20% 99.40 98.22
10 TRANSDIGM INC. TL F 1.10% 97.72 96.65
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/25/19 - 2/1/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 ACOSTA TL B -20.60% 48.34 60.87
2 PREMIERE GLOBAL TL -16.05% 60.44 72.00
3 CTI FOODS TL -5.29% 63.99 67.57
4 CIRQUE DE SOLEIL 2ND LIEN TL -3.69% 82.62 86.03
5 SERTA SIMMONS 2ND LIEN TL -3.78% 69.29 72.01
6 DITECH EXIT TL B -3.07% 66.76 68.88
7 ADVANTAGE SALES TL B2 -2.95% 86.86 89.49
8 BELK TL B -2.56% 79.48 81.57
9 RENTPATH TL -2.07% 76.97 78.60
10 NCI BUILDING TL B -1.84% 95.25 97.03
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/25/19 - 2/1/19
 
 Avg Bid PX By Sector
  • Displays the average loan bid price by sector for the period between 1/25/19 - 2/1/19
    • 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 1/25/19 - 2/1/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 BMC SOFTWARE TL B 61 93 32 52%
2 TRANSDIGM INC. TL G 49 75 26 53%
3 ACOSTA TL B 32 57 25 78%
4 GFL ENVIRONMENTAL CORP TL B 22 47 25 114%
5 HEARTHSIDE FOODS TL B2 22 46 24 109%
6 FIRST DATA CORP TL B 40 64 24 60%
7 TRANSDIGM INC. TL E 50 74 24 48%
8 TRANSDIGM INC. TL F 54 78 24 44%
9 RIVERBED TL B 42 64 22 52%
10 MITCHELL TL B 32 54 22 69%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/25/19 vs. the week ending 2/1/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ALTICE FINANCING TL B 12
2 MONITRONICS TL 10
3 DELL TL A2 10
4 ALLISON TRANSMISSION TL B 10
5 AVAYA TL B 9
6 COOPER STANDARD TL B 9
7 BMC SOFTWARE TL B 9
8 EASTMAN KODAK EXIT TL 8
9 ZIGGO EUR TL F 8
10 REYNOLDS GROUP HOLDINGS LIMITED TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 1/25/19 - 2/1/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 1/25/19 - 2/1/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 1/25/19 - 2/1/19
    • 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.