Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 11/3/17

Michael Pellerito, November 06, 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, October 27th - Friday, November 3rd.  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 EDDIE BAUER TL B 7.16% 60.46 56.42
2 TNT CRANE 2ND LIEN TL 5.30% 82.13 78.00
3 DISTRIBUTION INTERNATIONAL TL 5.00% 84.00 80.00
4 AENOVA 2ND LIEN EUR TL 2.64% 83.63 81.49
5 SYNAGRO TECHNOLOGIES TL B 2.59% 93.79 91.42
6 ENDEMOL EUR TL 2.30% 97.75 95.55
7 CENGAGE TL 2.21% 95.22 93.16
8 PARKEON EUR TL B 2.16% 98.24 96.17
9 STENA TL B 1.37% 93.41 92.15
10 99 CENTS ONLY TL B 1.24% 92.46 91.33
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 10/27/17 - 11/3/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 DEOLEO EUR TL B -7.17% 63.59 68.50
2 CTI FOODS TL -6.84% 87.29 93.69
3 REVLON GROUP INC TL B -5.93% 81.55 86.69
4 PETSMART TL B -2.67% 83.84 86.14
5 COMMUNITY HEALTH TL H -2.19% 95.82 97.96
6 IHEART TL E -2.08% 75.09 76.69
7 CONCORDIA HEALTHCARE GBP TL B -1.75% 83.03 84.51
8 MISYS 2ND LIEN TL -1.68% 99.49 101.19
9 NEIMAN MARCUS TL B -1.49% 78.33 79.52
10 LONGVIEW POWER EXIT TL B -1.28% 62.31 63.12
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 10/27/17 - 11/3/17
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 10/27/17 - 11/3/17
    • 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 10/27/17 - 11/3/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 JCREW TL B 34 84 50 147%
2 STAPLES TL 37 87 50 135%
3 MULTIPLAN TL B 56 98 42 75%
4 JAGUAR HOLDING CO I TL 59 101 42 71%
5 DELL TL B 68 109 41 60%
6 COMMUNITY HEALTH TL G 50 90 40 80%
7 FORTERRA TL 52 91 39 75%
8 TELENET TL A 64 103 39 61%
9 ZIGGO TL E 55 94 39 71%
10 THOMSON REUTERS CORP TL 42 80 38 90%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/27/17 vs. the week ending 11/3/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 INEOS FIN TL B 13
2 DELL TL B 10
3 WIND ACQUISITION FIN S A EUR TL B 9
4 UNIVAR TL B2 9
5 SOLARWINDS INC TL 9
6 DELL TL B 9
7 AUDATEX NORTH AMER INC TL B 9
8 ABC SUPPLY TL 9
9 AXALTA COATING SYSTEMS TL 9
10 JAGUAR HOLDING CO I TL 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 10/27/17 - 11/3/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 10/27/17 - 11/3/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 10/27/17 - 11/3/17
    • 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.