Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 3/2/18

Michael Pellerito, March 05, 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, February 23rd - Friday, March 2nd.  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 9.00% 59.95 55.00
2 FOXWOODS TL B 5.81% 96.29 91.00
3 IHEART TL D 5.03% 79.44 75.63
4 ARDEN GROUP TL B 4.21% 99.00 95.00
5 GLOBAL KNOWLEDGE TL 3.83% 88.39 85.13
6 BIRCH COMMUNICATIONS TL 2.73% 98.39 95.77
7 PHILADELPHIA ENERGY TL B 1.93% 79.27 77.77
8 TENSAR TL 1.76% 97.39 95.71
9 CONSOLIDATED AEROSPACE TL 1.51% 100.00 98.51
10 ONVOY, LLC TL 1.24% 94.73 93.57
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 2/23/18 - 3/2/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 HARVEY GULF TL B -3.85% 42.39 44.09
2 PETCO TL B -3.58% 69.13 71.70
3 DAVID'S BRIDAL TL B -2.89% 85.05 87.58
4 AENOVA 2ND LIEN EUR TL -2.49% 80.36 82.41
5 PETSMART TL B -2.47% 80.01 82.04
6 BASS PRO SHOPS TL B -1.81% 98.49 100.31
7 CONCORDIA HEALTHCARE TL -1.16% 88.07 89.10
8 WALTER INVESTMENT TL -0.94% 98.35 99.27
9 CATALINA MARKETING TL B -0.89% 78.82 79.53
10 JCREW TL B -0.80% 68.38 68.94
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 2/23/18 - 3/2/18
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 2/23/18 - 3/2/18
    • 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 2/23/18 - 3/2/18

 

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

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 BJ'S TL B 34 67 33 97%
2 DELL TL B 63 95 32 51%
3 TRAVELPORT TL 59 90 31 53%
4 MITCHELL TL B 26 56 30 115%
5 APPLIED SYSTEMS TL B 44 74 30 68%
6 ZAYO TL B2 50 79 29 58%
7 YORK RISK SERVICES TL B 34 62 28 82%
8 BRICKMAN GROUP EXT TL B 34 62 28 82%
9 ELLUCIAN / SOPHIA TL B 44 72 28 64%
10 GRIFOLS WORLDWIDE TL B 51 78 27 53%
  • Exhibits the loans with the largest increase in quote volume for the week ending 2/23/18 vs. the week ending 3/2/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 COOPER STANDARD TL B 10
2 EURO GARAGES LTD TL B1 10
3 GARDNER DENVER TL B 9
4 HAMILTON SUNDSTRAND TL B 9
5 GNC TL B 9
6 SABRE TL B1 9
7 DELL TL B 9
8 GRIFOLS WORLDWIDE TL B 8
9 ALLISON TRANSMISSION TL 8
10 BMC SOFTWARE TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 2/23/18 - 3/2/18

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 2/23/18 - 3/2/18

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 2/23/18 - 3/2/18
    • 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.