Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 11/17/17

Michael Pellerito, November 20, 2017

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 10th- Friday, November 17th.  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 TRIDENT HEALTH TL B 7.38% 77.94 72.58
2 CPI CARD GROUP TL B 6.67% 70.07 65.69
3 RGIS TL 3.15% 92.14 89.33
4 PREMIER OIL TL 2.94% 70.00 68.00
5 RIVERBED TL B 2.06% 98.00 96.02
6 SYNCREON GROUP BV TL B 2.02% 88.70 86.95
7 BLACKBOARD TL B4 1.93% 97.80 95.95
8 GOODPACK 2ND LIEN TL 1.49% 96.89 95.47
9 GLOBAL EAGLE ENTERTMNT TL B 1.30% 97.75 96.50
10 EPIQ SYSTEMS TL B 1.08% 99.18 98.13
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 11/10/17 - 11/17/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 FULLBEAUTY 2ND LIEN TL -28.11% 30.00 41.73
2 COMMERCIAL BARGE TL -16.66% 63.64 76.36
3 CATALINA MARKETING 2ND LIEN TL -15.84% 45.26 53.77
4 EXPRO HOLDINGS TL B -13.53% 53.10 61.41
5 PREMIER OIL GBP TL -13.24% 59.00 68.00
6 PHILLIPS PET 2ND LIEN TL -10.66% 65.02 72.78
7 CROSSMARK TL -6.53% 59.36 63.51
8 BOWIE 2ND LIEN TL -6.34% 91.30 97.48
9 REVLON GROUP INC TL B -5.24% 73.32 77.38
10 BIOPLAN TL -3.80% 95.00 98.76
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 11/10/17 - 11/17/17
 
 Average Bid PX by Sector v2.png
 
  • Displays the average loan bid price by sector for the period between 11/10/17 - 11/17/17
    • 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 11/10/17 - 11/17/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 INEOS FIN TL B 2 84 82 4100%
2 UPC TL 52 97 45 87%
3 GARDNER DENVER TL B  57 93 36 63%
4 VISTRA ENERGY TL B 56 90 34 61%
5 STAPLES TL 58 92 34 59%
6 INFORMATICA TL B  62 96 34 55%
7 NUMERICABLE TL B12 62 96 34 55%
8 OBERTHUR TECHNOLOGIES SA EUR TL B1 42 75 33 79%
9 AXALTA COATING SYSTEMS TL 71 104 33 46%
10 AMAYA B.V. TL 60 92 32 53%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/10/17 vs. the week ending 11/17/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 NTL CABLE PLC TL I 10
2 INEOS FIN TL B 10
3 VALEANT PHARMACEUTICALS TL F1 9
4 UPC TL 9
5 WESTERN DIGITAL TL B2 9
6 AXALTA COATING SYSTEMS TL 9
7 DELL TL B 9
8 INFORMATICA TL B 8
9 HUB INTL LTD EXT TL B 8
10 ZIGGO TL E 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 11/10/17 - 11/17/17

 

Bid Offer Volume v2.png

  • Reveals the total number of quotes by bid and offer for the period between 11/10/17 - 11/17/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 11/10/17 - 11/17/17
    • 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.