Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 1/25/19

Michael Pellerito, January 28, 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 18th - Friday, January 25th.  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 DOUGLAS HOLDING EUR TL B1 5.57% 79.37 75.18
2 EXGEN RENEWABLES I TL B 5.50% 92.47 87.65
3 KLOECKNER EUR TL B 2.26% 88.19 86.23
4 COLE HAAN TL B 1.73% 98.39 96.72
5 HOUGHTON MIFFLIN TL 1.03% 93.24 92.29
6 MULTI-COLOR TL B 1.02% 98.13 97.13
7 DIVERSEY EUR TL 0.99% 97.90 96.95
8 CBS OUTDOOR TL B 0.88% 99.07 98.20
9 WOODFORD EXPRESS TL B 0.84% 95.80 95.00
10 AFFINITY GAMING TL B 0.83% 95.07 94.29
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/18/19 - 1/25/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 HEALOGICS 2ND LIEN TL -9.50% 67.88 75.00
2 JCREW TL B -7.23% 73.00 78.69
3 LINER FOODS TL B -4.13% 85.32 89.00
4 KETER GROUP EUR TL -2.74% 71.97 74.00
5 IQOR TL B -1.82% 89.49 91.14
6 AIR METHODS TL -1.39% 81.10 82.24
7 US SILICA CO TL B -1.28% 90.42 91.59
8 CABLEVISION TL B -1.18% 97.53 98.70
9 MCGRAW-HILL GLOBAL TL -1.10% 91.01 92.03
10 ENVISION HEALTHCARE TL B -1.08% 94.72 95.75
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/18/19 - 1/25/19
 
 Avg Bid Px by Sector
  • Displays the average loan bid price by sector for the period between 1/18/19 - 1/25/19
    • 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 1/18/19 - 1/25/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 GFL ENVIRONMENTAL CORP TL B 2 22 20 1000%
2 ADDISON LEE GBP TL B3 0 16 16 N/A
3 ASURION 2ND LIEN TL 8 24 16 200%
4 TIPICO EUR TL B 40 54 14 35%
5 ION TRADING TL B 43 55 12 28%
6 JCREW TL B 8 20 12 150%
7 STEINHOFF EUROPE AG EUR REV 10 21 11 110%
8 CARIBE EUR TL B 29 40 11 38%
9 APLEONA GMBH EUR TL B2 8 18 10 125%
10 CORIALIS GBP TL 18 28 10 56%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/18/19 vs. the week ending 1/25/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ALLISON TRANSMISSION TL B 10
2 COOPER STANDARD TL B 9
3 ACOSTA TL B 8
4 MISYS TL B 8
5 EIRCOM FDG EUR TL B6 8
6 VERALLIA EUR TL B4 8
7 CEVA SANTE ANIMALE EUR TL B 8
8 SPRINGER NATURE TL B13 8
9 NTL CABLE PLC GBP TL M 8
10 NTL CABLE PLC GBP TL L 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 1/18/19 - 1/25/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 1/18/19 - 1/25/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 1/18/19 - 1/25/19
    • 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.