Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 9/7/18

Michael Pellerito, September 10, 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, August 31st - Friday, September 7th.  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 13.73% 86.09 75.70
2 GLOBAL KNOWLEDGE TL 2.27% 92.05 90.00
3 JC PENNEY TL B 1.91% 92.91 91.18
4 LANNETT CO INC TL B 1.85% 82.99 81.49
5 SERTA SIMMONS 2ND LIEN TL 1.44% 69.74 68.75
6 SHERIDAN PRODUCTION PARTNERS I TL B2 1.33% 90.92 89.73
7 HUSKY INJECTION MOLDING TL B 0.64% 95.16 94.56
8 GULF FINANCE TL B 0.59% 83.04 82.55
9 LONGVIEW POWER EXIT TL B 0.56% 85.48 85.00
10 EL DORADO TL B 0.47% 100.29 99.82
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 8/31/18 - 9/7/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 IQOR 2ND LIEN TL -7.82% 82.96 90.00
2 KINOVE TL A -2.56% 89.63 91.99
3 DAVID'S BRIDAL TL B -1.95% 88.78 90.55
4 NBTY 2ND LIEN TL -1.81% 87.83 89.45
5 DIEBOLD TL A -1.18% 92.91 94.02
6 DURAVANT 2ND LIEN TL -1.07% 99.18 100.25
7 ENNIS-FLINT TL -0.73% 99.22 99.95
8 DIVERSEY EUR TL -0.63% 98.18 98.80
9 US SILICA CO TL B -0.59% 99.13 99.72
10 UNIMIN CORP TL -0.50% 98.09 98.59
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 8/31/18 - 9/7/18
 
Average Bid Price by Sector
  • Displays the average loan bid price by sector for the period between 8/31/18 - 9/7/18
    • 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 8/31/18 - 9/7/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DIAVERUM EUR TL B 36 70 34 94%
2 DOUGLAS DYNAMICS EUR TL B1 23 52 29 126%
3 ION TRADING TL B 16 44 28 175%
4 CORIALIS EUR TL 21 48 27 129%
5 VERISURE EUR TL B1 35 62 27 77%
6 COTY EUR TL B 28 54 26 93%
7 ELSAN GROUPE EUR TL B 28 54 26 93%
8 CEVA SANTE ANIMALE EUR TL B 40 66 26 65%
9 TIPICO EUR TL B 22 48 26 118%
10 FRONERI EUR TL B 31 56 25 81%
  • Exhibits the loans with the largest increase in quote volume for the week ending 8/31/18 vs. the week ending 9/7/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 10
2 SOLARWINDS TL 10
3 KRONOS TL B 10
4 INFOR TL B 9
5 FIRST DATA CORP TL B 9
6 NRG ENERGY TL B 9
7 VISTRA ENERGY TL B1 9
8 TELENET TL A 9
9 NTL CABLE PLC TL K 9
10 RIVERBED TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 8/31/18 - 9/7/18

 

 Bid and Offer Volume-1

  • Reveals the total number of quotes by bid and offer for the period between 8/31/18 - 9/7/18

 

 

  • Displays the bid-offer spread by sector between 8/31/18 - 9/7/18
    • 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.