Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 11/23/18

Michael Pellerito, November 26, 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 16th - Friday, November 23rd.  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 DELUXE ENTERTAINMENT TL B 2.42% 87.06 85.00
2 HORIZON GLOBAL TL B 1.13% 92.79 91.75
3 SPARTA SYSTEMS TL 0.53% 91.37 90.89
4 HEARTHSIDE FOODS TL B 0.38% 97.89 97.51
5 TI AUTO TL B 0.31% 99.95 99.64
6 SLV GROUP GMBH EUR TL B 0.21% 80.18 80.01
7 SPEEDCAST TL B 0.19% 98.37 98.18
8 AMERICAN RESIDENTIAL TL B 0.18% 99.43 99.25
9 TEAMVIEWER EUR TL B 0.16% 100.64 100.48
10 US RENAL CARE 2ND LIEN TL 0.15% 97.51 97.36
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 11/16/18 - 11/23/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 FULLBEAUTY TL -12.46% 28.94 33.06
2 JCREW TL B -7.76% 83.05 90.03
3 CATALINA MARKETING TL B -7.70% 32.16 34.85
4 KCA DEUTAG TL B -6.49% 82.42 88.14
5 VERITAS EUR TL B -5.70% 90.99 96.49
6 COMMERCIAL BARGE TL -3.74% 74.51 77.40
7 KLOECKNER TL B -3.47% 89.43 99.64
8 SKILLSOFT EXT 2ND LIEN TL -2.88% 76.00 78.25
9 MONEYGRAM EXT TL B -2.63% 91.80 94.28
10 DIAMOND RESORTS TL B -2.51% 94.78 97.22
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 11/16/18 - 11/23/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 11/16/18 - 11/23/18
    • 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 11/16/18 - 11/23/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 BIOGROUP EUR TL B 4 18 14 350%
2 UNIFRAX EUR TL B 10 22 12 120%
3 VERISURE MIDHOLDING AB EUR TL B 18 28 10 56%
4 ECOBAT PIK EUR TL 0 8 8 N/A
5 MATTRESS FIRM TL B 10 18 8 80%
6 SAIC TL B 18 26 8 44%
7 PETCO TL B 21 28 7 33%
8 KCA DEUTAG TL B 12 19 7 58%
9 MCDERMOTT LC 8 14 6 75%
10 PETROCHOICE TL 0 6 6 N/A
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/16/18 vs. the week ending 11/23/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 PROTECTION1 TL B 12
2 DELL TL B 11
3 TRANSDIGM INC. TL E 11
4 QUIKRETE TL B 10
5 SOLARWINDS TL 10
6 NRG ENERGY TL B 10
7 US FOODS TL B 10
8 REVLON TL B 10
9 RCN GRANDE TL B 10
10 VISTRA ENERGY TL B3 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 11/16/18 - 11/23/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 11/16/18 - 11/23/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 11/16/18 - 11/23/18
    • 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.