Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 3/22/19

Michael Pellerito, March 25, 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, March 15th - Friday, March 22nd.  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 MURRAY ENERGY TL B2 4.18% 81.68 78.40
2 UNIMIN CORP TL 3.84% 86.30 83.10
3 FLAKT WOODS EUR TL B 3.53% 86.43 83.48
4 FIELDWOOD ENERGY TL 2.80% 94.89 92.31
5 SEADRILL PARTNERS LLC EXT TL B 2.44% 82.97 80.99
6 COMMERCIAL BARGE TL 2.26% 70.35 68.79
7 US SILICA CO TL B 1.78% 95.25 93.58
8 SUTHERLAND GLOBAL SVCS INC TL B 1.51% 97.48 96.03
9 ION TRADING EUR TL B 1.32% 97.64 96.36
10 SAVERS TL C 1.19% 98.00 96.85
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 3/15/19 - 3/22/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SERTA SIMMONS 2ND LIEN TL -13.34% 56.50 65.20
JCREW TL B -10.83% 64.68 72.54
AIR METHODS TL -5.31% 75.44 79.67
HOLLAND & BARRETT EUR TL B -3.47% 86.67 89.78
MONITRONICS TL -2.24% 85.08 87.03
AIR MEDICAL TL B2 -2.23% 95.02 97.19
MACDONALD DETTWILER TL B -2.22% 78.03 79.80
MONTREIGN RESORT CASINO TL -1.99% 87.29 89.06
DIVERSEY TL -1.94% 96.07 97.97
10  ALBAUGH TL B -1.79% 98.01 99.80
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 3/15/19 - 3/22/19
 
 Avg Bid Px By Sector
  • Displays the average loan bid price by sector for the period between 3/15/19 - 3/22/19
    • 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 3/15/19 - 3/22/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 STAPLES TL 55 73 18 33%
2 BAUSCH HEALTH COMPANIES INC. TL B 39 54 15 38%
3 TRICO PRODUCTS TL 6 20 14 233%
4 SAFE FLEET 2ND LIEN TL 5 17 12 240%
5 SEAWORLD TL B5 20 32 12 60%
6 WASH LAUNDRY TL 20 32 12 60%
7 AMERICAN AIRLINES TL B 17 29 12 71%
8 ELEMENT SOLUTIONS TL B 10 22 12 120%
9 FORMULA ONE TL B 20 32 12 60%
10 HILTON TL B2 52 64 12 23%
  • Exhibits the loans with the largest increase in quote volume for the week ending 3/15/19 vs. the week ending 3/22/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 NEIMAN MARCUS TL B 12
2 CERAMTEC EUR TL B 12
3 ENDO HEALTH TL B 12
4 MURRAY ENERGY TL B2 12
5 ALTICE FINANCING TL B 11
6 PAREXGROUP EUR TL B 11
7 MONITRONICS TL 10
8 SOLENIS TL 10
9 ELSAN GROUPE EUR TL B 10
10 NETS HOLDING EXT EUR TL B 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 3/15/19 - 3/22/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 3/15/19 - 3/22/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 3/15/19 - 3/22/19
    • 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.