Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 1/4/19

Michael Pellerito, January 07, 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, December 28th - Friday, January 4th.  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 INTERNET BRANDS 2ND LIEN TL 6.58% 97.31 91.30
2 US FOODS TL B 4.33% 98.44 94.36
3 SCIENTIFIC GAMES TL B5 4.01% 96.84 93.11
4 CHANGE HEALTHCARE TL B 3.18% 97.60 94.59
5 FINANCIAL & RISK US HOLDINGS INC TL B 3.15% 96.71 93.75
6 BAUSCH HEALTH COMPANIES INC. EXT TL B 3.09% 96.92 94.02
7 COMMUNICATIONS S&L TL B 2.80% 91.73 89.23
8 UBER TECHNOLOGIES TL 2.79% 98.47 95.80
9 DELL TL B 2.72% 98.36 95.75
10 MULTIPLAN TL B 2.70% 95.89 93.37
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 12/28/18 - 1/4/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 PREMIERE GLOBAL TL -15.50% 70.14 83.00
2 REVLON TL B -5.65% 70.01 74.20
3 BOYD CORP 2ND LIEN TL -4.26% 88.08 92.00
4 TEN-X TL -3.63% 95.65 99.26
5 CROSBY TL -3.37% 90.17 93.32
6 DAVID'S BRIDAL TL B -3.28% 50.17 51.87
7 WINEBOW TL B -2.69% 85.63 88.00
8 BAY CLUB TL B -2.18% 96.63 98.78
9 KIK CUSTOM TL B -1.77% 92.46 94.13
10 AMERICAN TIRE TL B -1.29% 83.52 84.61
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 12/28/18 - 1/4/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 12/28/18 - 1/4/19
    • 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 12/28/18 - 1/4/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 OGF SA EUR TL B 6 46 40 667%
2 ZIGGO EUR TL F 4 44 40 1000%
3 VERALLIA EUR TL B4 8 47 39 488%
4 INEOS FIN EUR TL B 6 44 38 633%
5 INOVYN EUR TL B 6 43 37 617%
6 NOVAFR EUR TL B 4 36 32 800%
7 MATERIS CHRYSO EUR TL B 4 36 32 800%
8 CORIALIS EUR TL 4 36 32 800%
9 EIRCOM FDG EUR TL B6 6 38 32 533%
10 FINANCIAL & RISK US HOLDINGS INC EUR TL B 4 36 32 800%
  • Exhibits the loans with the largest increase in quote volume for the week ending 12/28/18 vs. the week ending 1/4/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 CALPINE CORP TL B7 11
2 VERITAS TL B1 10
3 CALPINE CORP TL B8 10
4 CALPINE CORP TL B6 10
5 INTELSAT TL B3 9
6 ALLISON TRANSMISSION TL B 9
7 FOUR SEASONS TL B 9
8 DUFF & PHELPS TL B 9
9 LANNETT CO INC TL B 8
10 CENGAGE TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 12/28/18 - 1/4/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 12/28/18 - 1/4/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 12/28/18 - 1/4/19
    • 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.