Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 6/7/19

Michael Pellerito, June 10, 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, May 31st - Friday, June 7th.  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 99 CENTS ONLY EXT PIK TL B 6.02% 90.97 85.81
2 DONCASTERS EXT TL B 5.58% 74.50 70.56
3 MALLINCKRODT EXT TL B 4.27% 89.55 85.88
4 SKILLSOFT EXT 2ND LIEN TL 3.77% 31.51 30.37
5 BEACON HEALTH TL 2.76% 95.29 92.73
6 EXELA TL B 1.87% 82.63 81.11
7 CAPITAL VISION SERVICES LLC TL 1.83% 99.79 98.00
8 NPC TL 1.82% 79.60 78.17
9 IQOR TL B 1.78% 97.31 95.61
10 CAPITAL VISION SERVICES LLC 2ND LIEN TL 1.62% 100.71 99.10
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 5/31/19 - 6/7/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
KCA DEUTAG TL B -10.67% 75.07 84.04
GAVILAN RESOURCES 2ND LIEN TLRS LLC EXT TL B -9.24% 67.17 74.01
AT HOME STORES TL B -4.56% 94.47 98.99
FLINT GROUP TL C -4.50% 87.00 91.10
JASON INC TL -3.34% 93.72 96.96
V GROUP TL B -3.06% 90.97 93.85
DEL MONTE TL -2.76% 71.07 73.09
HARVEY GULF EXIT TL -2.74% 95.98 98.68
GNC EXT TL B -2.70% 90.84 93.36
10  SEADRILL PARTNERS LLC EXT TL B -2.37% 75.91 77.76
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 5/31/19 - 6/7/19
 
 Avg PX By Sector
  • Displays the average loan bid price by sector for the period between 5/31/19 - 6/7/19
    • 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 5/31/19 - 6/7/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ALLIANT HLDGS I INC TL B 39 72 33 85%
2 HUB INTL LTD TL B 44 76 32 73%
3 TRANSDIGM INC. TL E 40 71 31 78%
4 TRANSDIGM INC. TL G 42 73 31 74%
5 TRANSDIGM INC. TL F 41 70 29 81%
6 GARDNER DENVER TL B 36 65 29 81%
7 CHUCK E CHEESE TL B 36 64 28 78%
8 US FOODS TL B 46 74 28 61%
9 STAPLES TL 24 51 27 113%
10 REYNOLDS GROUP HOLDINGS LIMITED TL B 44 71 27 61%
  • Exhibits the loans with the largest increase in quote volume for the week ending 5/31/19 vs. the week ending 6/7/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 RACKSPACE HOSTING TL B 11
2 EPICOR SOFTWARE TL B 11
3 SS&C TECH TL B5 11
4 XELLA INTERNATIONAL GMBH EUR TL B 11
5 SIGMA BIDCO TL B 11
6 NRG ENERGY TL B 11
7 FORESIGHT ENERGY TL 11
8 NETS HOLDING EXT EUR TL B 10
9 MONITRONICS TL B2 10
10 JCREW TL B 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 5/31/19 - 6/7/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 5/31/19 - 6/7/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 5/31/19 - 6/7/19
    • 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.