Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 9/14/18

Michael Pellerito, September 17, 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 7th - Friday, September 14th.  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 LANNETT CO INC TL B 5.31% 87.40 82.99
2 GARANTI BANK TL 3.93% 95.88 92.25
3 GNC TL B 3.55% 97.18 93.85
4 PHILADELPHIA ENERGY TL B 3.24% 78.49 76.03
5 SERTA SIMMONS 2ND LIEN TL 2.85% 71.72 69.74
6 HOMER CITY TL B 1.99% 95.87 94.00
7 EDDIE BAUER TL B 1.64% 91.00 89.53
8 WINEBOW TL B 1.32% 93.13 91.92
9 PETCO TL B 1.22% 74.06 73.17
10 HUSKY INJECTION MOLDING TL B 0.91% 96.03 95.16
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/7/18 - 9/14/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CTI FOODS 2ND LIEN TL -14.69% 40.02 46.91
2 CATALINA MARKETING TL B -4.22% 46.67 48.73
3 DHX MEDIA TL B -2.94% 97.06 100.00
4 HILLMAN GROUP TL B -2.35% 97.46 99.80
5 LIGHTSQUARED EXIT 2ND LIEN TL -1.65% 30.00 30.50
6 PABST TL -1.56% 94.05 95.55
7 UNIMIN CORP TL -1.33% 96.78 98.09
8 TRIMARK TL -1.13% 98.58 99.71
9 DAVID'S BRIDAL TL B -0.98% 87.91 88.78
10 MURRAY ENERGY TL B2 -0.82% 92.00 92.76
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 9/7/18 - 9/14/18
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 9/7/18 - 9/14/18
    • 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 9/7/18 - 9/14/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 LANNETT CO INC TL A 7 30 23 329%
2 LEIDOS INC TL B 9 30 21 233%
3 ONE CALL EXT TL B 10 31 21 210%
4 SCIENTIFIC GAMES TL B5 32 52 20 63%
5 MOHEGAN TL B 20 40 20 100%
6 HEALOGICS EXT TL B 11 31 20 182%
7 AMC ENTERTAINMENT TL B 15 35 20 133%
8 AMC ENTERTAINMENT TL B 16 36 20 125%
9 BOYD GAMING TL B 30 49 19 63%
10 LANNETT CO INC TL B 13 32 19 146%
  • Exhibits the loans with the largest increase in quote volume for the week ending 9/7/18 vs. the week ending 9/14/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 9
2 CINEWORLD TL B 9
3 SOLARWINDS TL 9
4 DOUGLAS HOLDING EUR TL B8 9
5 ALLISON TRANSMISSION TL B 9
6 KRONOS TL B 9
7 BMC SOFTWARE TL B 9
8 PETCO TL B 8
9 RIVERBED TL B 8
10 REYNOLDS GROUP HOLDINGS LIMITED TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 9/7/18 - 9/14/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 9/7/18 - 9/14/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 9/7/18 - 9/14/18
    • 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.