Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 3/9/18

Michael Pellerito, March 12, 2018

Solve Advisor's weekly loan newsletter highlights trends in the Syndicated Bank Loan market.

Want to receive Solve's Bank Loan summaries in your inbox directly?

 Subscribe to Solve's Market Summaries...

Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes


Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, March 2nd - Friday, March 9th.  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 ISOLA TL B 8.41% 64.99 59.95
2 NEIMAN MARCUS TL B 3.86% 88.85 85.54
3 FLAKT WOODS EUR TL B 2.74% 92.76 90.29
4 PETCO TL B 2.35% 70.76 69.13
5 EASTMAN KODAK EXIT TL 2.00% 92.68 90.86
6 INTELSAT TL B4 0.99% 102.48 101.47
7 JCREW TL B 0.94% 69.03 68.38
8 CTI FOODS 2ND LIEN TL 0.90% 74.67 74.00
9 JC PENNEY TL B 0.85% 96.08 95.27
10 FORTERRA TL 0.73% 94.12 93.44
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 3/2/18 - 3/9/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 DEOLEO 2ND LIEN EUR TL -15.29% 29.83 35.21
2 SERTA SIMMONS 2ND LIEN TL -5.29% 84.86 89.59
3 LIGHTSQUARED EXIT 2ND LIEN TL -3.78% 50.81 82.80
4 HARVEY GULF TL B -3.21% 41.03 42.39
5 SOUTHEAST POWERGEN LLC TL B -2.30% 94.29 96.50
6 EMPIRE GENERATING TL B -2.24% 82.11 83.99
7 MURRAY ENERGY TL B2 -1.44% 86.15 87.41
8 BRITAX CHILD SAFETY INC TL B -1.08% 86.06 87.00
9 CADENCE AEROSPACE TL B -1.03% 96.00 97.00
10 ACOSTA TL B -0.94% 87.06 87.89
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 3/2/18 - 3/9/18
 
 Average Bid Price By Sector.png
 
  • Displays the average loan bid price by sector for the period between 3/2/18 - 3/9/18
    • 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   3/2/18 - 3/9/18

 

TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ARCHROMA / SK SPICE EUR TL B1 24 41 17 71%
2 OGF SA EUR TL B 26 42 16 62%
3 VERITAS EUR TL B 24 40 16 67%
4 STENA TL B 24 38 14 58%
5 AIR CANADA TL B 6 20 14 233%
6 CHROMAFLO TL B2 2 16 14 700%
7 DEOLEO EUR TL B 18 32 14 78%
8 AENOVA EUR TL B 41 54 13 32%
9 UNILABS EUR TL B 32 45 13 41%
10 SUNRISE MEDICAL EUR TL B 16 28 12 75%
  • Exhibits the loans with the largest increase in quote volume for the week ending 3/2/18 vs. the week ending 3/9/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 COOPER STANDARD TL B 10
2 FULLBEAUTY TL 10
3 SS&C TECH TL B1 9
4 AUDATEX NORTH AMER INC TL B 9
5 WARNER MUSIC TL B 9
6 SABRE TL B1 9
7 POST HOLDINGS TL B 8
8 SOLARWINDS TL 8
9 DAVID'S BRIDAL TL B 8
10 INFOR TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 3/2/18 - 3/9/18

 

bid and offer volume.png

  • Reveals the total number of quotes by bid and offer for the period between 3/2/18 - 3/9/18

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 3/2/18 - 3/9/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes

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.