Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 3/16/18

Michael Pellerito, March 19, 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, March 9th - Friday, March 16th.  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 ECO-BAT PIK EUR TL 4.90% 35.43 33.78
2 SYNCREON GROUP BV TL B 4.78% 92.87 88.63
3 DAYCO TL B 3.84% 100.99 97.25
4 PETCO TL B 3.20% 73.02 70.76
5 LIFECARE EXIT TL 3.15% 83.74 81.19
6 CONNOLLY TL B 2.63% 94.98 92.54
7 JC PENNEY TL B 2.34% 98.32 96.08
8 FORESIGHT ENERGY TL 1.81% 98.07 96.33
9 FLOATEL TL B 1.77% 82.93 81.48
10 PARKEON EUR TL B 1.73% 99.91 98.20
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 3/9/18 - 3/16/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CPI CARD GROUP TL B -11.15% 68.79 77.42
2 PREZZO PLC GBP TL -6.73% 65.00 69.69
3 CSM N V 2ND LIEN TL -3.25% 94.30 97.47
4 TOYS R US PROPCO TL B -2.85% 86.03 88.55
5 LINER FOODS TL B -2.83% 97.50 100.34
6 WIDEOPENWEST TL B -2.32% 96.93 99.23
7 BLACKBOARD TL B4 -2.31% 94.54 96.77
8 NEIMAN MARCUS TL B -1.64% 87.40 88.85
9 IHEART TL D -1.47% 79.20 80.38
10 CROSSMARK TL -1.46% 49.22 49.94
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 3/9/18 - 3/16/18
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 3/9/18 - 3/16/18
    • 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   3/9/18 - 3/16/18

 

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

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 AMWINS TL 56 82 26 46%
2 APLEONA GMBH EUR TL B2 22 42 20 91%
3 ADVANTAGE SALES 2ND LIEN TL 28 48 20 71%
4 COMMUNITY HEALTH TL G 61 78 17 28%
5 REYNOLDS GROUP TL B 69 86 17 25%
6 JEFFERIES FINANCE TL 2 18 16 800%
7 ACADEMY SPORTS TL B 40 56 16 40%
8 HCA HEALTH TL A5 12 28 16 133%
9 BJ'S TL B 61 76 15 25%
10 LIGHTSQUARED EXIT TL 10 25 15 150%
  • Exhibits the loans with the largest increase in quote volume for the week ending 3/9/18 vs. the week ending 3/16/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 TRAVELPORT TL 10
2 TELENET TL A 10
3 REYNOLDS GROUP TL B 10
4 DELL TL B 10
5 SOLARWINDS TL 9
6 US RENAL CARE TL 9
7 COOPER STANDARD TL B 9
8 DAVID'S BRIDAL TL B 9
9 DTZ TL B 9
10 DELOS FINANCE SA TL B 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 3/9/18 - 3/16/18

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 3/9/18 - 3/16/18

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 3/9/18 - 3/16/18
    • 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.