Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 1/12/18

Michael Pellerito, January 16, 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 5th - Friday, January 12th.  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 LONGVIEW POWER EXIT TL B 9.37% 75.33 68.88
2 EASTMAN KODAK EXIT TL 5.93% 90.75 85.67
3 JCREW TL B 4.39% 65.04 62.31
4 HARVEY GULF TL B 3.69% 41.47 40.00
5 GLOBAL KNOWLEDGE TL 3.32% 82.04 79.41
6 INNOCOR TL 3.00% 94.40 91.65
7 ASCENA RETAIL TL B 2.99% 84.99 82.53
8 FLOATEL TL B 2.83% 80.35 78.14
9 COMMUNITY HEALTH TL H 2.36% 97.64 95.39
10 SERTA SIMMONS 2ND LIEN TL 2.24% 88.34 86.40
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/5/18 - 1/12/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 PHILLIPS PET TL -4.97% 65.90 69.35
2 FLINT GROUP 2ND LIEN EUR TL -4.91% 76.04 79.97
3 SMS SYSTEMS TL -3.22% 81.46 84.17
4 FLINT GROUP 2ND LIEN TL -1.50% 80.18 81.40
5 TEAM FIN LLC / HEALTH FIN CORP TL -1.08% 96.17 97.22
6 MEDIQ INC EUR TL B -0.96% 98.57 99.53
7 BLACKHAWK MINING TL -0.86% 85.35 86.09
8 FRONERI EUR TL B -0.82% 100.05 100.88
9 PQ CORP TL B -0.71% 100.03 100.75
10 DIVERSEY TL -0.71% 99.49 100.21
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/5/18 - 1/12/18
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 1/5/18 - 1/12/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
 Sentiement.png
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 1/5/18 - 1/12/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CHARTER COMMUNICATIONS TL B 18 70 52 289%
2 BMC SOFTWARE TL 34 82 48 141%
3 VICI PROPERTIES TL B 26 72 46 177%
4 TELENET TL A 38 70 32 84%
5 CALPINE CORP TL B5 6 38 32 533%
6 ALTICE FINANCING SA TL B 8 40 32 400%
7 ZIGGO TL E 51 83 32 63%
8 NTL CABLE PLC TL K 56 86 30 54%
9 NUMERICABLE TL B12 65 94 29 45%
10 UPC TL 56 84 28 50%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/5/18 vs. the week ending 1/12/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 GRIFOLS WORLDWIDE TL B 10
2 DELL TL B 10
3 COMMUNITY HEALTH TL G 9
4 COMMUNITY HEALTH TL H 9
5 CUMULUS MEDIA TL 9
6 INFOR TL B 9
7 AMAYA B.V. TL 9
8 ABC SUPPLY TL 9
9 BMC SOFTWARE TL 9
10 AXALTA COATING SYSTEMS TL 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 1/5/18 - 1/12/18

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 1/5/18 - 1/12/18

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 1/5/18 - 1/12/18
    • 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.