Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 11/2/18

Michael Pellerito, November 05, 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, October 26th - Friday, November 2nd.  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 LIGHTSQUARED EXIT TL 2.93% 73.99 71.88
2 SGB-SMIT EUR TL B 1.29% 87.86 86.74
3 TALBOTS INC EXT TL B 0.78% 98.95 98.19
4 DOUGLAS HOLDING EUR TL B1 0.72% 80.26 79.69
5 KINOVE EUR TL A2 0.46% 94.43 94.00
6 TDC A/S EUR TL B 0.44% 100.83 100.39
7 TOTAL SAFETY TL B 0.27% 100.00 99.73
8 REFRESCO HOLDING EUR TL B 0.27% 99.94 99.68
9 UNITED PACIFIC TL B 0.22% 100.73 100.51
10 SINOCHEM TL 0.18% 101.31 101.13
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 10/26/18 - 11/2/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CATALINA MARKETING TL B -6.02% 37.64 40.05
2 MACDONALD DETTWILER TL B -3.70% 94.69 98.32
3 REVLON TL B -3.64% 73.19 75.96
4 UNIMIN CORP TL -3.36% 83.62 86.52
5 KCA DEUTAG TL B -2.28% 95.06 97.28
6 AIR METHODS TL -1.99% 89.15 90.97
7 TNT CRANE 2ND LIEN TL -1.96% 85.30 87.00
8 KLOECKNER EUR TL B -1.93% 92.72 94.55
9 MCDERMOTT TL B -1.65% 98.49 100.14
10 BELK TL B -1.61% 83.51 84.88
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 10/26/18 - 11/2/18
 
 Average Bid PX By Sector
  • Displays the average loan bid price by sector for the period between 10/26/18 - 11/2/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Market Sentiment - Advancers vs. Deceliners
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 10/26/18 - 11/2/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 FIRST DATA CORP TL A 8 50 42 252%
2 HOMEVI EUR TL B 16 38 22 138%
3 SEMINOLE TRIBE OF FLORIDA TL B 36 58 22 61%
4 EFS COGEN TL B 18 39 21 117%
5 GTT COMMUNICATIONS TL B 45 64 19 42%
6 PENN NATIONAL GAMING TL B 28 47 19 68%
7 PETSMART TL B 43 62 19 44%
8 PLASTIPAK TL B 27 46 19 70%
9 REVLON TL B 40 59 19 48%
10 STATION CASINO TL B 57 74 17 30%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/26/18 vs. the week ending 11/2/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ALBERTSONS TL B4 10
2 INEOS FIN TL B 9
3 SKILLSOFT EXT TL 8
4 OGF SA EUR TL B 8
5 INFOR TL B 8
6 FIRST DATA CORP TL 8
7 DELL TL B 8
8 FIRST DATA CORP TL B 8
9 CINEWORLD TL B 8
10 SOLARWINDS TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 10/26/18 - 11/2/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 10/26/18 - 11/2/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 10/26/18 - 11/2/18
    • 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.