Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 7/5/19

Michael Pellerito, July 08, 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, June 28th - Friday, July 5th.  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 ALSTOM SA EUR TL B2 7.82% 98.61 91.46
2 HILDING ANDERS SEK TL B 5.48% 83.31 78.98
3 DIVERSEY TL 5.38% 92.74 88.00
4 ALLIANCE HEALTH TL B 2.88% 99.20 96.43
5 MATRIX MEDICAL TL 2.78% 97.64 95.00
6 LIGHTSQUARED EXIT PIK TL 2.20% 74.67 73.06
7 IMPALA 2ND LIEN EUR TL 1.99% 98.00 96.09
8 MALLINCKRODT TL B 1.12% 89.61 88.61
9 PRINCE TL 0.93% 91.74 90.90
10 TOTAL SAFETY TL B 0.89% 99.78 98.90
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/28/19 - 7/5/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
HIGHLINE AFTERMARKET ACQUISITION TL -12.74% 78.71 90.21
DITECH EXIT TL B -12.55% 37.76 43.18
FORESIGHT ENERGY TL -5.22% 78.54 82.86
DUEMMEN ORANGE EUR TL -3.50% 64.25 66.58
SEADRILL PARTNERS LLC EXT TL B -3.32% 68.84 71.21
SGB-SMIT EUR TL B -3.31% 78.58 81.27
JO-ANN STORES 2ND LIEN TL -3.20% 85.09 87.90
TMF GROUP HOLDING BV TL B -2.85% 93.10 95.83
HEALOGICS EXT TL B -2.60% 80.22 82.36
10  SECURUS 2ND LIEN TL -2.39%  92.56 94.83 
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/28/19 - 7/5/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 6/28/19 - 7/5/19
    • 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 6/28/19 - 7/5/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 JACKPOTJOY EUR TL B 26 40 14 54%
2 JACKPOTJOY GBP TL B 30 44 14 47%
3 SPRINGER NATURE EUR TL B12 36 50 14 39%
4 VERISURE MIDHOLDING AB EUR TL B 46 60 14 30%
5 VERISURE MIDHOLDING AB EUR TL B1 64 76 12 19%
6 IMS HEALTH EXT EUR TL B 36 48 12 33%
7 MULTI-COLOR TL B 8 20 12 150%
8 COLISEE PATRIMOINE EUR TL B 14 26 12 86%
9 COMPASS IV LTD EUR TL B 15 26 11 73%
10 EG GROUP EUR TL B 49 60 11 22%
  • Exhibits the loans with the largest increase in quote volume for the week ending 6/28/19 vs. the week ending 7/5/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 SERTA SIMMONS TL 13
2 US SILICA CO TL B 12
3 MCDERMOTT TL B 12
4 DEL MONTE TL 11
5 ACOSTA TL B 11
6 AIR METHODS TL 11
7 EPHIOS BONDCO EUR TL B 11
8 ADVANTAGE SALES TL B 11
9 COMMERCIAL BARGE TL B 10
10 CENGAGE TL 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/28/19 - 7/5/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 6/28/19 - 7/5/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 6/28/19 - 7/5/19
    • 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.