Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 9/15/17

Michael Pellerito, September 18, 2017

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, September 1st - Friday, September 8th.  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 CUNNINGHAM LINDSEY 2ND LIEN TL 37.66% 82.48 59.92
2 CSM N V 2ND LIEN TL 5.69% 93.00 87.99
3 FORTERRA TL 5.61% 84.47 79.99
4 DEL MONTE FOODS CO TL 3.27% 83.00 80.37
5 CONCORDIA HEALTHCARE GBP TL B 2.35% 73.37 71.69
6 ACCUVANT 2ND LIEN TL 2.27% 90.00 88.00
7 STENA TL B 1.95% 89.16 87.45
8 MENS WEARHOUSE TL B 1.36% 96.29 94.99
9 GULF FINANCE HOUSE TL B 1.23% 92.62 91.50
10 PGS TL B 1.06% 82.22 81.36
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/8/17 - 9/15/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 ACADEMY SPORTS TL B -4.24% 68.59 71.63
2 ADVANTAGE SALES 2ND LIEN TL -2.88% 90.76 93.45
3 IHEART TL E -2.80% 77.11 79.34
4 LIGHTSQUARED EXIT TL -1.80% 93.46 95.17
5 CROSSMARK TL -1.72% 69.28 70.50
6 DAVID LLOYD LEISURE GBP TL -1.62% 98.65 100.28
7 ALBERTSONS TL B6 -1.57% 94.89 96.40
8 LIGHTSQUARED EXIT 2ND LIEN TL -1.31% 60.30 61.11
9 CONFIE SEGUROS TL B -1.22% 97.88 99.09
10 BLACKBOARD TL B4 -0.90% 97.36 98.24
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between  9/8/17 - 9/15/17
 
 Average Bid PX By Sector.png
  • Displays the average loan bid price by sector for the period between  9/8/17 - 9/15/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
 
Sentiment.png
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between  9/8/17 - 9/15/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DELL TL B 56 116 60 107%
2 GRIFOLS WORLDWIDE TL B 53 112 59 111%
3 AXALTA COATING SYSTEMS TL 56 112 56 100%
4 FORTERRA TL 29 83 54 186%
5 INFOR TL B 47 101 54 115%
6 ZEBRA TECHNOLOGIES CORP TL 35 89 54 154%
7 INEOS FIN TL B 54 105 51 94%
8 AMI SEMICONDUCTOR INC TL B 38 89 51 134%
9 KRONOS TL B 46 96 50 109%
10 INFORMATICA TL B 42 91 49 117%
  • Exhibits the loans with the largest increase in quote volume for the week ending 9/8/17 vs. the week ending 9/15/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 10
2 GRIFOLS WORLDWIDE TL B 10
3 INEOS FIN TL B 10
4 ABC SUPPLY TL 10
5 COMMUNITY HEALTH TL G 9
6 COMMUNITY HEALTH TL H 9
7 ZIGGO TL E 9
8 NTL CABLE PLC TL I 9
9 INFOR TL B 9
10 AMI SEMICONDUCTOR INC TL B 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between  9/8/17 - 9/15/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between  9/8/17 - 9/15/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between  9/8/17 - 9/15/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 

Want free access to Real-Time Composite pricing for Syndicated Bank Loans?

Solve Advisors is launching a free Beta for qualified participants, where you will have unlimited access to Solve's composite loan pricing via the SolveQuotes platform.  Participants will be invited to share feedback and offer suggestions on our product. Click the link below to learn more and become a Beta participant! 

Join the Loan Composite Beta

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.