Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 11/16/18

Michael Pellerito, November 19, 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 9th - Friday, November 16th.  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 EASTMAN KODAK EXIT TL 2.55% 97.56 95.13
2 IQOR TL B 1.27% 93.74 92.56
3 FORT DEARBORN TL 0.91% 95.30 94.44
4 NOVETTA TL 0.74% 97.58 96.86
5 WIDEOPENWEST TL B 0.64% 97.42 96.80
6 WENCOR GROUP 2ND LIEN TL 0.54% 93.39 92.90
7 GREEKTOWN CASINO TL B 0.47% 99.99 99.52
8 MATERIS CHRYSO EUR TL B 0.32% 97.90 97.59
9 JASON INC TL 0.25% 99.61 99.36
10 JELD-WEN TL 0.23% 99.46 99.23
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 11/9/18 - 11/16/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CATALINA MARKETING TL B -6.51% 34.85 37.28
2 ACOSTA TL B -5.61% 69.83 73.98
3 DITECH EXIT TL B -3.68% 89.51 92.93
4 COTY EUR TL B -3.67% 94.05 97.63
5 GULF FINANCE TL B -3.61% 79.27 82.24
6 RODAN & FIELDS TL B -2.80% 97.71 100.53
7 JC PENNEY TL B -2.74% 87.51 89.97
8 RIVERBED TL B -2.67% 96.74 99.39
9 KCA DEUTAG TL B -2.46% 88.14 90.37
10 SYNCREON GROUP BV TL B -1.95% 90.87 92.68
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 11/9/18 - 11/16/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 11/9/18 - 11/16/18
    • 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 11/9/18 - 11/16/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 VERISURE MIDHOLDING AB EUR TL B 2 24 22 1100%
2 GENERAL ELECTRIC DISTRIBUTED POWER EUR TL B 14 30 16 114%
3 GENERAL ELECTRIC DISTRIBUTED POWER TL B 8 22 14 175%
4 FIRST DATA CORP TL A 12 26 14 117%
5 MESSER INDUSTRIES EUR TL B 4 18 14 350%
6 SIG COMBIBLOC GROUP TL B 3 13 10 333%
7 SIG COMBIBLOC GROUP EUR TL A 2 10 8 400%
8 NUMERICABLE EUR TL B11 14 22 8 57%
9 PAYSAFE EUR TL B 1 9 8 800%
10 PENN NATIONAL GAMING TL A 18 26 8 44%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/9/18 vs. the week ending 11/16/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ADVANCED DISPOSAL TL B 10
2 MISYS TL B 10
3 KRONOS TL B 9
4 ZIGGO EUR TL F 8
5 JC PENNEY TL B 8
6 RACKSPACE HOSTING TL B 8
7 DELL TL B 8
8 SPRINGER NATURE TL B13 8
9 COOPER STANDARD TL B 8
10 SKILLSOFT EXT TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 11/9/18 - 11/16/18

 

 Bid Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 11/9/18 - 11/16/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 11/9/18 - 11/16/18
    • 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.