Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 10/12/18

Michael Pellerito, October 15, 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 5th - Friday, October 12th.  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 AMERICAN TIRE TL B 4.25% 90.61 86.92
2 BRITAX CHILD SAFETY INC TL B 2.41% 80.05 78.17
3 PRECYSE HEALTHCARE 2ND LIEN TL 0.96% 99.87 98.92
4 SIGMA BIDCO GBP TL B 0.68% 100.13 99.45
5 NUMERICABLE EUR TL B11 0.60% 99.94 99.34
6 EAGLECLAW TL B 0.54% 98.86 98.33
7 DIAVERUM EUR TL B 0.47% 99.66 99.20
8 VERALLIA EUR TL B 0.39% 100.74 100.35
9 ARMACELL EUR TL B 0.36% 99.41 99.06
10 GLOBAL BLUE EUR TL B 0.33% 100.95 100.62
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 10/5/18 - 10/12/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CROSSMARK TL -7.66% 52.13 56.45
2 RENTPATH TL -7.42% 81.68 88.22
3 SLV GROUP GMBH EUR TL B -2.30% 84.95 86.94
4 ACADEMY SPORTS TL B -1.41% 76.58 77.68
5 HD SUPPLY TL B4 -0.88% 99.98 100.86
6 AFFINION GROUP TL B -0.78% 101.70 102.50
7 DITECH EXIT TL B -0.73% 93.73 94.41
8 GOODPACK TL B -0.70% 99.79 100.50
9 EPIQ SYSTEMS TL B -0.64% 96.72 97.35
10 KETER GROUP EUR TL B -0.59% 90.79 91.32
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 10/5/18 - 10/12/18
 
 Avg Bid PX By Sector
  • Displays the average loan bid price by sector for the period between 10/5/18 - 10/12/18
    • 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 10/5/18 - 10/12/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 LUMILEDS DD TL 8 28 20 250%
2 DIGICERT TL 0 16 16 N/A
3 FULLBEAUTY TL 20 34 14 70%
4 ACADEMY SPORTS TL B 46 60 14 30%
5 COMMERCIAL BARGE TL 7 20 13 186%
6 ESMALGLASS EUR TL B 20 32 12 60%
7 REFRESCO HOLDING GBP TL B 2 14 12 600%
8 TNT CRANE 2ND LIEN TL 12 24 12 100%
9 CATALINA MARKETING TL B 20 31 11 55%
10 BWAY HOLDING TL 6 16 10 167%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/5/18 vs. the week ending 10/12/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 BLACKBOARD TL B4 9
2 SOLARWINDS TL 9
3 TRAVELPORT TL B 9
4 AMERICAN TIRE TL B 9
5 RIVERBED TL B 8
6 REYNOLDS GROUP HOLDINGS LIMITED TL B 8
7 INFOR TL B 8
8 FORTERRA TL 8
9 MISYS TL B 8
10 QUIKRETE TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 10/5/18 - 10/12/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 10/5/18 - 10/12/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 10/5/18 - 10/12/18
    • 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.