Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 11/24/17

Michael Pellerito, November 27, 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 17th- Friday, November 24th.  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 NEIMAN MARCUS TL B 4.12% 81.21 78.00
2 CTI FOODS TL 3.35% 85.85 83.07
3 ACADEMY SPORTS TL B 1.77% 75.31 74.00
4 STAPLES TL 1.46% 95.54 94.16
5 EDMENTUM TL 1.33% 76.00 75.00
6 RGIS TL 1.32% 93.36 92.14
7 ACCUVANT 2ND LIEN TL 1.10% 92.00 91.00
8 MURRAY ENERGY TL B3 1.09% 88.89 87.94
9 ACCUVANT TL B 1.07% 94.98 93.98
10 MURRAY ENERGY TL B2 1.05% 88.65 87.73
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 11/17/17 - 11/24/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 JCREW TL B -8.30% 60.52 66.00
2 DIXIE ELECTRIC TL B -5.17% 55.00 58.00
3 FLINT GROUP EUR TL B -2.78% 93.39 96.06
4 CAMAIEU EUR TL C1 -2.76% 91.80 94.41
5 EASTMAN KODAK EXIT TL -2.70% 90.00 92.50
6 SMS SYSTEMS TL -2.67% 86.75 89.13
7 BLACKHAWK MINING TL -1.98% 88.88 90.68
8 DELUXE ENTERTAINMENT TL B -1.26% 97.75 99.00
9 FORESIGHT ENERGY TL -0.81% 92.07 92.83
10 JC PENNEY TL B -0.78% 89.26 89.96
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 11/17/17 - 11/24/17
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 11/17/17 - 11/24/17
    • 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 11/17/17 - 11/24/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 VALEANT PHARMACEUTICALS TL F 10 25 15 150%
2 AMERICAN AIRLINES TL B 4 18 14 350%
3 FLINT GROUP 2ND LIEN EUR TL 8 22 14 175%
4 FLINT GROUP TL B2 12 20 8 67%
5 ADVANCED DISPOSAL TL B 8 16 8 100%
6 UNITED CONTINENTAL TL B 4 12 8 200%
7 SIRVA WORLDWIDE TL 0 6 6 N/A
8 ARISTOCRAT TL B4 0 5 5 N/A
9 APC AFTERMARKET TL 4 8 4 100%
10 ALBANY MOLECULAR RESH INC 2ND LIEN TL 14 18 4 29%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/17/17 vs. the week ending 11/24/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 SOLARWINDS INC TL 11
2 FIRST DATA CORP TL 11
3 NEIMAN MARCUS TL B 10
4 TRAVELPORT TL 10
5 APPLIED SYSTEMS TL B 10
6 VALEANT PHARMACEUTICALS TL F1 10
7 EPICOR SOFTWARE TL B 10
8 MALLINCKRODT TL B 9
9 FORTERRA TL 9
10 SEADRILL PARTNERS LLC EXT TL B 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 11/17/17 - 11/24/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 11/17/17 - 11/24/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 11/17/17 - 11/24/17
    • 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.