Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 11/9/18

Michael Pellerito, November 13, 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, November 2nd - Friday, November 9th.  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  GNC TL B 2.62% 99.62 97.08
2  MCS TL B 2.44% 83.19 81.21
3  US RENAL CARE TL 1.36% 99.03 97.71
4  ALM MEDIA TL 1.21% 91.98 90.88
5  OSUM TL 1.19% 94.57 93.46
6  FORTERRA TL 1.07% 93.14 92.16
7  STADIUM MANAGEMENT 2ND LIEN TL 1.06% 100.42 99.37
8  NEIMAN MARCUS TL B 0.91%  91.78 90.95
9  CTI FOODS TL 0.87% 82.50 81.78
10  PETSMART TL B 0.38% 85.62 85.30
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 11/2/18 - 11/9/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1  AKORN TL B -6.48% 86.24 92.22
2  DAVID'S BRIDAL TL B -5.21% 77.03 81.26
3  KCA DEUTAG TL B -4.94% 90.37 95.06
4  AIR METHODS TL -4.94% 84.75 89.15
5  UNIMIN CORP TL -3.60% 80.61 83.62
6  SEADRILL PARTNERS LLC EXT TL B -2.38% 90.42 92.62
7  PREMIER OIL REV -2.21% 91.93 94.00
8  ST HUBERT EUR TL B -2.10% 96.79 98.86
9  CSM N V TL B -1.99% 94.09 96.00
10  TMF GROUP HOLDING BV TL B -1.97% 98.17 100.14
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 11/2/18 - 11/9/18
 
 Average Bid PX By Sector
  • Displays the average loan bid price by sector for the period between 11/2/18 - 11/9/18
    • 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 11/2/18 - 11/9/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 SS&C TECH TL B5 10 49 39 390%
2 JACOBS DOUWE EUR TL B 23 47 24 104%
3 GRAY TELEVISION EXT TL C 6 28 22 367%
4 INTEL EUR TL 14 30 16 114%
5 UNITED NATURAL FOODS TL B 18 34 16 89%
6 FIRST DATA CORP TL B 18 33 15 83%
7 FIRST DATA CORP TL 12 24 12 100%
8 BISON MIDSTREAM TL B 8 20 12 150%
9 INEOS FIN EUR TL B 50 62 12 24%
10 KUONI REISEN EUR TL B 16 28 12 75%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/2/18 vs. the week ending 11/9/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ALLISON TRANSMISSION TL B 10
2 NTL CABLE PLC TL K 10
3 CINEWORLD TL B 9
4 MISYS TL B 9
5 ALBERTSONS TL B4 9
6 KRONOS TL B 9
7 ZIGGO EUR TL F 8
8 AMEDEO MSN 157 EUR TL B 8
9 REYNOLDS GROUP HOLDINGS LIMITED TL B 8
10 INFOR TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 11/2/18 - 11/9/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 11/2/18 - 11/9/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 11/2/18 - 11/9/18
    • 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.