Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 10/26/18

Michael Pellerito, October 29, 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 19th - Friday, October 26th.  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 CELSA GROUP EUR TL 0.97% 82.50 81.71
2 DOUGLAS HOLDING EUR TL B1 0.83% 79.69 79.03
3 SMS SYSTEMS TL 0.82% 82.00 81.33
4 DUEMMEN ORANGE EUR TL 0.81% 85.20 84.51
5 DIAVERUM 2ND LIEN EUR TL 0.48% 99.15 98.68
6 CIRQUE DE SOLEIL 2ND LIEN TL 0.47% 96.00 95.55
7 AI SIRONA LUXEMBOURG ACQUISITION SARL GBP TL B 0.42% 100.31 99.89
8 SERTA SIMMONS TL 0.21% 90.70 90.50
9 HYLAND SOFTWARE TL B 0.21% 100.44 100.23
10 ANADARKO PETROLEUM CORP. TL B 0.20% 99.63 99.43
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 10/19/18 - 10/26/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CROSSMARK TL -12.45% 43.36 49.53
2 DAVID'S BRIDAL TL B -11.03% 79.67 89.54
3 LIGHTSQUARED EXIT 2ND LIEN TL -9.11% 21.71 23.88
4 US SILICA CO TL B -6.79% 90.12 96.68
5 FORTERRA TL -2.74% 91.86 94.45
6 ACADEMY SPORTS TL B -2.69% 74.04 76.09
7 CATALINA MARKETING TL B -2.32% 40.05 41.01
8 RENTPATH 2ND LIEN TL -2.27% 58.61 59.97
9 BELK TL B -1.88% 84.88 86.50
10 JC PENNEY TL B -1.81% 89.18 90.82
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 10/19/18 - 10/26/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 10/19/18 - 10/26/18
    • 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 10/19/18 - 10/26/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 HILEX POLY TL 10 34 24 240%
2 HAYWARD INDUSTRIES TL 10 26 16 160%
3 JACOBS DOUWE EUR TL A3 8 24 16 200%
4 JACOBS DOUWE EUR TL A4 14 30 16 114%
5 FLAKT WOODS EUR TL B 36 52 16 44%
6 US SILICA CO TL B 36 52 16 44%
7 ENQUEST ENERGY SVCS CORP TL A 12 26 14 117%
8 CONCORDIA HEALTHCARE TL 30 44 14 47%
9 BLOUNT TL B 24 36 12 50%
10 HILDING ANDERS EUR TL 24 36 12 50%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/19/18 vs. the week ending 10/26/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 FIRST DATA CORP TL B 10
2 DELL TL B 9
3 OGF SA EUR TL B 8
4 BLACKBOARD TL B4 8
5 REYNOLDS GROUP HOLDINGS LIMITED TL B 8
6 INFOR TL B 8
7 QUIKRETE TL B 8
8 FIRST DATA CORP TL 8
9 BRAND ENERGY TL 8
10 SOLERA TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 10/19/18 - 10/26/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 10/19/18 - 10/26/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 10/19/18 - 10/26/18
    • 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.