Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 9/29/17

Michael Pellerito, October 02, 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 22nd - Friday, September 29th.  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 EURAMAX UNS TL 18.57% 83.00 70.00
2 FIELDWOOD ENERGY EXT 2ND LIEN TL 12.55% 39.73 35.30
3 SEADRILL PARTNERS LLC EXT TL B 7.83% 73.08 67.77
4 CPI CARD GROUP TL B 4.85% 70.90 67.63
5 LONGVIEW POWER EXIT TL B 3.84% 61.25 58.98
6 CONCORDIA HEALTHCARE TL 3.50% 77.23 74.62
7 FRAC TECH TL B 1.46% 92.68 91.35
8 ALTISOURCE TL B 1.36% 93.12 91.86
9 PGS TL B 1.36% 83.85 82.73
10 ACCUVANT TL B 1.32% 93.74 92.51
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/22/17 - 9/29/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 EDUCATION MANAGEMENT TL A -9.09% 40.00 44.00
2 PARADIGM 2ND LIEN TL -8.12% 55.13 60.00
3 EVERTEC TL B -3.63% 95.83 99.43
4 PETCO TL B -3.01% 82.28 84.84
5 SKILLSOFT EXT 2ND LIEN TL -1.75% 80.83 82.26
6 ADVANTAGE SALES TL B -1.60% 94.40 95.94
7 SYNCHRONOSS TECHNOLOGIES TL -1.43% 93.62 94.98
8 FORTERRA TL -1.01% 84.12 84.98
9 IHEART TL E -0.75% 76.58 77.16
10 EASTMAN KODAK EXIT TL -0.71% 98.30 99.00
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 9/22/17 - 9/29/17
 
 Average Bid PX By Sector.png
  • Displays the average loan bid price by sector for the period between 9/22/17 - 9/29/17
    • 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 9/22/17 - 9/29/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ESMALGLASS EUR TL B 16 56 40 250%
2 APPLIED SYSTEMS TL B 42 81 39 93%
3 DELL TL B 66 102 36 55%
4 QUORUM HEALTH CORP TL 50 86 36 72%
5 GRIFOLS WORLDWIDE TL B 91 126 35 38%
6 FORMULA ONE TL B 34 68 34 100%
7 PLATFORM SPECIALTY TL B6 48 82 34 71%
8 MULTIPLAN TL B 50 83 33 66%
9 FORTERRA TL 60 93 33 55%
10 AMI SEMICONDUCTOR INC TL B 54 86 32 59%
  • Exhibits the loans with the largest increase in quote volume for the week ending 9/22/17 vs. the week ending 9/29/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 AVOLON TL B2 11
2 INEOS FIN TL B 11
3 AVANTOR TL 11
4 ZIGGO TL E 10
5 NTL CABLE PLC TL I 10
6 GRIFOLS WORLDWIDE TL B 10
7 AXALTA COATING SYSTEMS TL 10
8 PLATFORM SPECIALTY TL B5 9
9 INFOR TL B 9
10 FORTERRA TL 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 9/22/17 - 9/29/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 9/22/17 - 9/29/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 9/22/17 - 9/29/17
    • 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.