Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 12/29/17

Michael Pellerito, January 02, 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, December 22nd - Friday, December 29th.  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 PHILLIPS PET 2ND LIEN TL 27.13% 45.66 35.92
2 DIXIE ELECTRIC TL B 3.57% 58.00 56.00
3 EDMENTUM TL 2.63% 78.00 76.00
4 COMMERCIAL BARGE TL 2.21% 57.95 56.70
5 FLINT GROUP 2ND LIEN EUR TL 1.55% 78.37 77.17
6 GULF FINANCE HOUSE TL B 1.17% 91.59 90.53
7 PREMIERE GLOBAL TL 1.02% 96.26 95.29
8 FLINT GROUP TL B2 0.48% 87.07 86.65
9 INTEL CORP TL 0.48% 100.06 99.59
10 PETSMART TL B 0.47% 80.14 79.76
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 12/22/17 - 12/29/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CATALINA MARKETING 2ND LIEN TL -7.75% 40.59 44.00
2 VELOCITY POOLING TL B -6.25% 45.00 48.00
3 FLAKT WOODS EUR TL B -1.25% 86.54 87.63
4 SOLENIS 2ND LIEN TL -1.22% 95.92 97.10
5 GNC TL B -0.97% 84.27 85.10
6 AENOVA EUR TL B -0.93% 94.16 95.04
7 LANDESK 2ND LIEN TL -0.81% 95.22 96.00
8 AEGIS TL -0.72% 96.00 96.70
9 DEL MONTE FOODS CO TL -0.56% 78.63 79.07
10 BASS PRO SHOPS TL B -0.43% 99.39 99.82
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 12/22/17 - 12/29/17
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 12/22/17 - 12/29/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
 Sentiment.png
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 12/22/17 - 12/29/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 PLAYA RESORTS TL B 10 30 20 200%
2 TRONOX PIGMENTS TL 10 22 12 120%
3 METRO-GOLDWYN-MAYER EQUITY 0 8 8 N/A
4 ECO-BAT PIK EUR TL 0 8 8 N/A
5 KINOVE TL B 7 14 7 100%
6 WEBHELP CDA INC EUR TL B 3 10 7 233%
7 WEATHERFORD EXT REV 0 6 6 N/A
8 MIDSTATES REV 0 6 6 N/A
9 OXBOW CARBON 2ND LIEN TL 8 14 6 75%
10 OXBOW CARBON TL B 8 14 6 75%
  • Exhibits the loans with the largest increase in quote volume for the week ending 12/22/17 vs. the week ending 12/29/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 US RENAL CARE TL 9
2 CHANGE HEALTHCARE TL B 9
3 INTELSAT TL B3 9
4 GNC TL B 8
5 PETCO TL B 8
6 VISTRA ENERGY TL B 8
7 MALLINCKRODT TL B 8
8 HCA HEALTH TL B9 8
9 ON SEMI TL B 8
10 IGLO FOODS TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 12/22/17 - 12/29/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 12/22/17 - 12/29/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 12/22/17 - 12/29/17
    • 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.