Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 1/11/19

Michael Pellerito, January 14, 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 4th - Friday, January 11th.  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 UNIMIN CORP TL 8.07% 79.03 73.13
2 RACKSPACE HOSTING TL B 5.78% 92.99 87.90
3 IMG WORLDWIDE TL B 4.58% 95.26 91.09
4 CAMPING WORLD TL B 4.25% 93.85 90.02
5 MICRO FOCUS TL B 4.13% 97.06 93.20
6 MOHEGAN TL B 4.10% 92.83 89.18
7 VERITAS TL B1 4.06% 88.32 84.87
8 PAREXEL INTERNATIONAL TL 3.85% 95.49 91.95
9 MISYS TL B 3.85% 97.44 93.83
10 ASURION TL B4 3.71% 99.38 95.82
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/4/19 - 1/11/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 MACDONALD DETTWILER TL B -7.42% 84.72 91.51
2 ENERGYSOLUTIONS TL B -6.50% 86.02 92.00
3 EXGEN RENEWABLES I TL B -2.86% 91.78 94.48
4 RENTPATH TL -2.10% 78.32 80.00
5 LIGHTSQUARED EXIT PIK TL -1.41% 68.50 69.48
6 INTEROUTE EUR TL B -1.00% 99.00 100.00
7 AFFINITY GAMING TL B -0.93% 94.12 95.00
8 ROBERTSHAW 2ND LIEN TL -0.82% 89.50 90.23
9 UNIFRAX 2ND LIEN TL -0.74% 94.02 94.72
10 JCREW TL B -0.52% 79.10 79.52
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/4/19 - 1/11/19
 
 Avg Bid PX By Sector
  • Displays the average loan bid price by sector for the period between 1/4/19 - 1/11/19
    • 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 1/4/19 - 1/11/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CEVA SANTE ANIMALE EUR TL B 33 76 43 130%
2 EIRCOM FDG EUR TL B6 38 75 37 97%
3 DIAVERUM EUR TL B 29 65 36 124%
4 COOPER STANDARD TL B 47 83 36 77%
5 ACTION NEDERLAND BV EUR TL B 32 68 36 113%
6 NTL CABLE PLC GBP TL M 32 68 36 113%
7 NTL CABLE PLC GBP TL L 34 67 33 97%
8 ALLISON TRANSMISSION TL B 61 94 33 54%
9 TELENET TL A 42 75 33 79%
10 ZIGGO EUR TL F 44 77 33 75%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/4/19 vs. the week ending 1/11/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ALLISON TRANSMISSION TL B 11
2 COOPER STANDARD TL B 9
3 ZIGGO EUR TL F 8
4 MISYS TL B 8
5 CEVA SANTE ANIMALE EUR TL B 8
6 SPRINGER NATURE TL B13 8
7 MONITRONICS TL 8
8 EIRCOM FDG EUR TL B6 8
9 FRONERI EUR TL B 8
10 TELENET TL A 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 1/4/19 - 1/11/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 1/4/19 - 1/11/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 1/4/19 - 1/11/19
    • 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.