Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 3/23/18

Michael Pellerito, March 26, 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 16th - Friday, March 23rd.  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 SMS SYSTEMS TL 2.63% 90.48 88.16
2 ONVOY, LLC TL 2.63% 98.11 95.59
3 LANDS END TL B 2.51% 91.50 89.25
4 PGS TL B 1.63% 94.23 92.72
5 FLOATEL TL B 1.18% 83.90 82.93
6 FLAVORS HOLDINGS TL B 1.12% 90.00 89.00
7 RIVERBED TL B 1.12% 99.53 98.43
8 INFOGROUP TL 1.07% 99.42 98.37
9 COMPASS POWER TL B 1.00% 101.25 100.24
10 NAUTILUS POWER TL B 0.94% 101.25 100.31
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 3/16/18 - 3/23/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 SERTA SIMMONS 2ND LIEN TL -6.89% 82.18 88.26
2 REVLON TL B -4.33% 77.59 81.10
3 JCREW TL B -2.56% 68.21 70.00
4 MICRO FOCUS EUR TL B -2.11% 98.21 100.32
5 BLACKHAWK MINING TL -1.95% 85.47 87.17
6 MURRAY ENERGY TL B2 -1.84% 84.49 86.07
7 BLACKBOARD TL B4 -1.82% 92.82 94.54
8 NEIMAN MARCUS TL B -1.66% 85.94 87.40
9 TRIDENT HEALTH TL B -0.91% 77.44 78.15
10 SHEARERS TL -0.87% 99.63 100.50
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 3/16/18 - 3/23/18
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 3/16/18 - 3/23/18
    • 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  3/16/18 - 3/23/18

 

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

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 OCI BEAUMONT TL B 12 32 20 167%
2 PANDA TEMPLE I 2ND LIEN TL 0 18 18 0%
3 VIEWPOINT 2ND LIEN TL 10 28 18 180%
4 ABENGOA EUR REV 0 18 18 0%
5 ABENGOA PIK TL 0 18 18 0%
6 CAMAIEU EUR TL C2 0 16 16 0%
7 DEOLEO EUR TL B 30 46 16 53%
8 PRISA EUR TL 4 20 16 400%
9 ASURION TL B6 40 54 14 35%
10 HCA HEALTH TL B10 42 55 13 31%
  • Exhibits the loans with the largest increase in quote volume for the week ending 3/16/18 vs. the week ending 3/23/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 10
2 HELIX GENERATION TL B 9
3 NUMERICABLE TL B12 9
4 REYNOLDS GROUP TL B 9
5 CONSOLIDATED COMMUNICATIONS TL B2 9
6 EFS COGEN TL B 9
7 BEACON ROOFING TL B 9
8 KRONOS TL B 8
9 WINDSTREAM TL B7 8
10 TRAVELPORT TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 3/16/18 - 3/23/18

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 3/16/18 - 3/23/18

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 3/16/18 - 3/23/18
    • 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.