Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 10/6/17

Michael Pellerito, October 10, 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, September 29th - Friday, October 6th.  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 FIELDWOOD ENERGY EXT 2ND LIEN TL 16.03% 46.10 39.73
2 ASCENA RETAIL TL B 6.13% 84.47 79.59
3 CONCORDIA HEALTHCARE GBP TL B 3.39% 78.51 75.93
4 BASS PRO SHOPS TL B 2.37% 96.15 93.92
5 LIGHTSQUARED EXIT 2ND LIEN TL 2.18% 61.65 60.33
6 TALEN ENERGY SUPPLY LLC TL B2 1.98% 99.00 97.07
7 LIGHTSQUARED EXIT TL 1.59% 95.00 93.52
8 IHEART TL D 1.49% 78.11 76.97
9 CPI CARD GROUP TL B 1.33% 71.85 70.90
10 HI-CRUSH TL B 1.28% 97.39 96.16
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/29/17 - 10/6/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 ISOLA TL B -4.14% 58.13 60.64
2 JCREW TL B -2.83% 58.69 60.40
3 GLOBAL EAGLE ENTERTMNT TL B -1.54% 96.00 97.50
4 INFOBLOX INC TL B -1.40% 99.04 100.45
5 EVERTEC TL B -0.96% 94.90 95.83
6 ACOSTA TL B -0.76% 88.32 89.00
7 JC PENNEY TL B -0.70% 97.08 97.77
8 CORIALIS GBP TL -0.69% 100.00 100.70
9 JO-ANN STORES TL B -0.69% 95.28 95.95
10 CORIALIS EUR TL -0.65% 100.30 100.96
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 9/29/17 - 10/6/17
 
 Average Bid PX By Sector.png
  • Displays the average loan bid price by sector for the period between 9/29/17 - 10/6/17
    • 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 9/29/17 - 10/6/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 TRANSDIGM INC EXT TL F 24 81 57 238%
2 AIR MEDICAL TL B 14 68 54 386%
3 VANTIV INC TL B1 10 58 48 480%
4 JACOBS DOUWE EUR TL B5 28 74 46 164%
5 TELENET TL A 58 103 45 78%
6 AVANTOR TL 57 102 45 79%
7 SIG COMBIBLOC GROUP EUR TL 36 80 44 122%
8 ABC SUPPLY TL 67 110 43 64%
9 NTL CABLE PLC TL I 64 105 41 64%
10 POST HOLDINGS TL B 52 92 40 77%
  • Exhibits the loans with the largest increase in quote volume for the week ending 9/29/17 vs. the week ending 10/6/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 AVANTOR TL 11
2 NTL CABLE PLC TL I 10
3 VALEANT PHARMACEUTICALS TL F3 10
4 PLATFORM SPECIALTY TL B5 9
5 GRIFOLS WORLDWIDE TL B 9
6 NUMERICABLE TL B11 9
7 ABC SUPPLY TL 9
8 TELENET TL A 9
9 AMERICAN AIRLINES TL B 9
10 AIR MEDICAL TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 9/29/17 - 10/6/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 9/29/17 - 10/6/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 9/29/17 - 10/6/17
    • 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.