Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 10/5/18

Michael Pellerito, October 09, 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, September 28th - Friday, October 5th.  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 CATALINA MARKETING TL B 3.69% 42.11 40.62
2 ARYZTA EUR TL 2.07% 89.63 87.82
3 US RENAL CARE TL 1.56% 98.82 97.30
4 ALM MEDIA TL 1.56% 89.48 88.10
5 JCREW TL B 1.28% 91.98 90.82
6 DIVERSEY TL 1.24% 99.34 98.12
7 SGB-SMIT EUR TL B 1.10% 86.96 86.01
8 PREMIER OIL TL 1.03% 92.86 91.91
9 TRAEGER TL 1.01% 98.46 91.47
10 PRECYSE HEALTHCARE 2ND LIEN TL 0.94% 98.92 98.00
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/28/18 - 10/5/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 AKORN TL B -3.39% 92.00 95.23
2 SKILLSOFT EXT 2ND LIEN TL -2.25% 83.50 85.42
3 LIGHTSQUARED EXIT 2ND LIEN TL -2.17% 25.25 25.81
4 LUCID ENERGY TL B -1.94% 96.59 98.50
5 LUCID ENERGY TL B -1.60% 94.76 96.30
6 RED VENTURES TL -0.96% 100.26 101.24
7 SELECT STAFFING TL -0.78% 100.00 100.79
8 THOM EUROPE EUR TL B -0.70% 97.34 98.02
9 VERTIV TL B -0.46% 99.76 100.25
10 JACOBS DOUWE EUR TL B5 -0.47% 100.25 100.73
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 9/28/18 - 10/5/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 9/28/18 - 10/5/18
    • 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 9/28/18 - 10/5/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 KINDERCARE LEARNING CENTER TL 2 30 28 1400%
2 AMERICAN ENERGY MARCELLUS EXIT TL 20 40 20 100%
3 DUEMMEN ORANGE EUR TL 23 41 18 78%
4 LANNETT CO INC TL B 22 39 17 77%
5 DIEBOLD EUR TL B 26 42 16 62%
6 ANCHOR GLASS TL B 43 59 16 37%
7 AMC ENTERTAINMENT TL B 30 43 13 43%
8 BLOUNT TL B 17 30 13 76%
9 LIFE TIME TL B 9 22 13 144%
10 HEALOGICS EXT TL B 17 30 13 76%
  • Exhibits the loans with the largest increase in quote volume for the week ending 9/28/18 vs. the week ending 10/5/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 CINEWORLD TL B 10
2 ALLISON TRANSMISSION TL B 10
3 REYNOLDS GROUP HOLDINGS LIMITED TL B 9
4 TRANSDIGM INC. TL F 9
5 INEOS FIN TL B 9
6 FEDERAL-MOGUL TL C 8
7 NUMERICABLE TL B11 8
8 QUIKRETE TL B 8
9 INEWORLD TL B 8
10 NUMERICABLE TL B12 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 9/28/18 - 10/5/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 9/28/18 - 10/5/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 9/28/18 - 10/5/18
    • 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.