Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 1/26/18

Michael Pellerito, January 29, 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 19th - Friday, January 26th.  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 HARVEY GULF TL B 7.05% 43.46 40.60
2 CROSSMARK TL 6.64% 50.00 46.89
3 EXPRO HOLDINGS TL B 6.36% 64.15 60.31
4 LONGVIEW POWER EXIT TL B 5.91% 80.24 75.77
5 HARVEY GULF TL A 5.68% 43.86 41.50
6 JCREW TL B 5.29% 68.91 65.45
7 BLACKHAWK MINING TL 3.76% 89.22 85.99
8 HC STARCK 2ND LIEN EUR TL 3.72% 95.98 92.54
9 FLOATEL TL B 2.55% 83.09 81.02
10 SMS SYSTEMS TL 2.35% 84.08 82.16
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/19/18 - 1/26/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CONCORDIA HEALTHCARE GBP TL B -1.21% 84.52 85.55
2 PETCO TL B -1.00% 75.57 76.33
3 ALLEN SYSTEMS TL B -0.78% 100.09 100.87
4 PETSMART TL B -0.74% 81.13 81.74
5 GULF FINANCE TL B -0.66% 90.54 91.14
6 ARCLIN TL -0.62% 100.25 100.88
7 GAMING & LEISURE TL A1 -0.52% 99.74 100.27
8 BCP RENAISSANCE TL B -0.51% 101.10 101.62
9 US LBM TL -0.49% 100.43 100.92
10 CONSOLIDATED CONTAINER TL -0.44% 100.16 100.60
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/19/18 - 1/26/18
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 1/19/18 - 1/26/18
    • 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 1/19/18 - 1/26/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 VISTRA ENERGY TL B 20 70 50 250%
2 IMS HEALTH TL B1 18 58 40 222%
3 DYNEGY TL C 31 67 36 116%
4 SOLENIS TL 26 62 36 138%
5 AXALTA COATING SYSTEMS TL 52 87 35 67%
6 VISTRA ENERGY TL C 16 50 34 213%
7 MURRAY ENERGY TL B2 20 53 33 165%
8 GARDNER DENVER TL B 53 85 32 60%
9 JCREW TL B 26 57 31 119%
10 CATALENT PHARMA TL B 26 56 30 115%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/19/18 vs. the week ending 1/26/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 11
2 GRIFOLS WORLDWIDE TL B 10
3 GARDNER DENVER TL B 10
4 INFORMATICA TL B 9
5 CUMULUS MEDIA TL 9
6 AXALTA COATING SYSTEMS TL 9
7 TELENET TL A 9
8 VICI PROPERTIES TL B 9
9 COMMUNITY HEALTH TL G 8
10 RIVERBED TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 1/19/18 - 1/26/18

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 1/19/18 - 1/26/18

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 1/19/18 - 1/26/18
    • 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.