Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 10/19/18

Michael Pellerito, October 22, 2018

Solve Advisor's weekly loan newsletter highlights trends in the Syndicated Bank Loan market.

Want to receive Solve's Bank Loan summaries in your inbox directly?

 Subscribe to Solve's Market Summaries...

Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes


Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, October 12th - Friday, October 19th.  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 SHERIDAN PRODUCTION PARTNERS I TL B2 3.52% 94.83 91.60
2 DOUGLAS HOLDING EUR TL B8 2.57% 80.01 78.00
3 PIER 1 TL B 2.32% 74.63 72.94
4 UNIVERSAL SERVICES TL 1.89% 99.70 97.85
5 SERVICE KING TL B 0.90% 96.22 95.36
6 REFRESCO HOLDING GBP TL B2 0.62% 99.55 98.94
7 DHX MEDIA TL B 0.39% 98.41 98.03
8 AIR METHODS TL 0.38% 91.12 90.77
9 ANCESTRY.COM TL B 0.36% 100.36 100.00
10 SIG COMBIBLOC GROUP EUR TL B 0.30% 101.06 100.75
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 10/12/18 - 10/19/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 HILDING ANDERS EXT EUR TL B -15.19% 82.27 97.00
2 CROSSMARK TL -4.99% 49.53 52.13
3 LIGHTSQUARED EXIT 2ND LIEN TL -4.57% 23.88 25.02
4 SKILLSOFT EXT 2ND LIEN TL -3.45% 80.16 83.02
5 IQOR 2ND LIEN TL -3.18% 74.90 77.36
6 SLV GROUP GMBH EUR TL B -1.61% 83.58 84.95
7 FORTERRA TL -1.54% 94.45 95.93
8 IHEART TL D -1.13% 73.45 74.29
9 ANADARKO PETROLEUM CORP. TL B -0.97% 99.43 100.41
10 TDC A/S TL B -0.79% 100.07 100.86
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 10/12/18 - 10/19/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 10/12/18 - 10/19/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Market Sentiment - Advancers vs. Decliners
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 10/12/18 - 10/19/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 SIVANTOS EUR TL B 6 33 27 450%
2 VISTRA ENERGY TL B1 46 71 25 54%
3 VISTRA ENERGY TL B3 60 85 25 42%
4 VISTRA ENERGY TL B2 48 72 24 50%
5 NRG ENERGY TL B 58 82 24 41%
6 ALTICE FINANCING TL B 16 40 24 150%
7 CALPINE CORP TL B6 36 60 24 67%
8 AXALTA COATING SYSTEMS TL B 50 73 23 46%
9 APPLIED SYSTEMS TL B 57 80 23 40%
10 GARDNER DENVER TL B 58 80 22 38%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/12/18 vs. the week ending 10/19/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 SKILLSOFT EXT TL 9
2 MISYS TL B 9
3 DELL TL B 9
4 BMC SOFTWARE TL B 9
5 ALLISON TRANSMISSION TL B 9
6 TRANSDIGM INC. TL F 9
7 NTL CABLE PLC TL K 9
8 RIVERBED TL B 8
9 INFOR TL B 8
10 ALBERTSONS TL B4 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 10/12/18 - 10/19/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 10/12/18 - 10/19/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 10/12/18 - 10/19/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes

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.