Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 9/28/18

Michael Pellerito, October 01, 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, September 21th - Friday, September 28st.  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 ASCENA RETAIL TL B 3.11% 96.56 93.65
2 IQOR TL B 2.06% 92.86 90.98
3 DIEBOLD TL B 2.05% 87.42 85.66
4 SERTA SIMMONS TL 1.87% 90.45 88.79
5 MONITRONICS TL 1.87% 97.50 95.71
6 RENTPATH TL 1.78% 87.25 85.73
7 KCA DEUTAG TL B 1.77% 97.62 95.93
8 FORTERRA TL 1.36% 95.33 94.05
9 DEL MONTE FOODS CO TL 1.29% 90.90 89.74
10 FLOATEL TL B 1.22% 98.31 97.12
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/21/18 - 9/28/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CATALINA MARKETING TL B -7.58% 40.62 43.95
2 ECOBAT PIK EUR TL -3.55% 36.97 38.33
3 LIGHTSQUARED EXIT TL -3.36% 76.02 78.66
4 JC PENNEY TL B -2.05% 91.66 93.58
5 RACKSPACE HOSTING TL B -0.66% 98.62 99.28
6 AKZONOBEL SPECIALTY CHEMICALS TL B -0.63% 100.45 101.09
7 AMERICAN GAMING TL B -0.61% 100.53 101.15
8 VANTAGE SPECIALTY TL B -0.60% 100.15 100.75
9 JANE STREET TL B -0.46% 100.43 100.90
10 FINANCIAL & RISK US HOLDINGS INC EUR TL B -0.43% 100.50 100.94
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 9/21/18 - 9/28/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 9/21/18 - 9/28/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Sentiment
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 9/21/18 - 9/28/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 WYNDHAM DESTINATIONS, INC. TL B 26 45 19 73%
2 US SILICA CO TL B 27 45 18 67%
3 WYNDHAM DESTINATIONS, INC. TL B 12 28 16 133%
4 AMERICAN TIRE TL B 30 46 16 53%
5 AFFINITY GAMING 2ND LIEN TL 8 22 14 175%
6 FINANCIAL & RISK US HOLDINGS INC TL B 60 74 14 23%
7 FORESIGHT ENERGY TL 12 26 14 117%
8 PETCO TL B 38 52 14 37%
9 PETCO TL B 28 42 14 50%
10 PINNACLE FOODS TL B 54 67 13 24%
  • Exhibits the loans with the largest increase in quote volume for the week ending 9/21/18 vs. the week ending 9/28/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ALLISON TRANSMISSION TL B 10
2 TRANSDIGM INC. TL F 10
3 REYNOLDS GROUP HOLDINGS LIMITED TL B 9
4 MISYS TL B 9
5 REXNORD TL 9
6 HARBOR FREIGHT TL B 9
7 QUIKRETE TL B 8
8 ALBERTSONS TL B4 8
9 GARDNER DENVER TL B 8
10 DELL TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 9/21/18 - 9/28/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 9/21/18 - 9/28/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 9/21/18 - 9/28/18
    • 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.