Solve Advisors Blog & Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 5/10/19

Michael Pellerito, May 13, 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, May 3rd - Friday, May 10th.  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 MACDONALD DETTWILER TL B 3.87% 84.05 80.91
2 SAFE FLEET 2ND LIEN TL 2.96% 95.50 92.75
3 LIGHTSQUARED EXIT PIK TL 2.74% 79.04 76.93
4 SBP HOLDINGS 2ND LIEN TL 2.50% 97.26 94.89
5 REVLON TL B 2.17% 79.98 78.27
6 KETER GROUP EUR TL 2.03% 85.22 83.53
7 YAK MAT TL B 1.84% 94.97 93.26
8 FORTERRA TL 1.78% 94.33 92.68
9 V GROUP TL B 1.56% 93.36 91.92
10 AMERICAN TIRE EXIT TL 1.30% 95.59 94.36
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 5/3/19 - 5/10/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
DITECH EXIT TL B -9.12% 56.70 62.40
DUEMMEN ORANGE EUR TL -7.80% 75.34 81.71
HEALTHPORT TL B -7.63% 78.14 84.59
SAVE A LOT TL B -6.49% 51.09 54.63
CONSTELLIS HOLDINGS LLC 2ND LIEN TL -6.30% 83.24 88.84
JOERNS HEALTHCARE TL B -6.23% 73.85 78.75
FORESIGHT ENERGY TL -4.44% 89.83 94.01
ANASTASIA BEVERLY HILLS TL B -4.36% 88.01 92.03
TENNECO TL B -3.12% 94.45 97.49
10  CASA SYSTEMS TL -2.80% 92.58 95.25
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 5/3/19 - 5/10/19
 
 Avg Bid PX By Sector
  • Displays the average loan bid price by sector for the period between 5/3/19 - 5/10/19
    • 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 5/3/19 - 5/10/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ADIENT GLOBAL TL B 8 30 22 275%
2 CARROLS HOLDCO INC TL B 10 28 18 180%
3 AMERICAN AIRLINES TL B 28 44 16 57%
4 BELK TL B 45 58 13 29%
5 COHERENT INC EUR TL B 27 40 13 48%
6 DAE AVIATION TL 8 20 12 150%
7 EIRCOM FDG EUR TL B7 30 42 12 40%
8 PETCO TL B 34 46 12 35%
9 THOUGHTWORKS TL 6 18 12 200%
10 TRAVELPORT TL 44 56 12 27%
  • Exhibits the loans with the largest increase in quote volume for the week ending 5/3/19 vs. the week ending 5/10/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 AVOLON TL B3 14
2 JCREW TL B 13
3 MONITRONICS TL B2 11
4 JC PENNEY TL B 10
5 SERTA SIMMONS TL 10
6 UFC TL 10
7 BUCCANEER TL 10
8 ALLIANT HLDGS I INC TL B 10
9 PETSMART TL B 10
10 VISTRA ENERGY TL B1 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 5/3/19 - 5/10/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 5/3/19 - 5/10/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 5/3/19 - 5/10/19
    • 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.