Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 9/22/17

Michael Pellerito, September 25, 2017

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, September 15th - Friday, September 22nd.  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 TOYS R US PROPCO TL B 13.94% 94.00 82.50
2 DEL MONTE FOODS CO TL 2.80% 85.33 83.00
3 REDBOX AUTOMATED RETAIL TL 1.56% 100.29 98.76
4 CUMULUS MEDIA TL 1.26% 82.72 81.69
5 WEIGHT WATCHERS INTL INC TL B2 1.21% 98.67 97.48
6 GULF FINANCE HOUSE TL B 1.20% 93.73 92.62
7 TALBOTS INC EXT TL B 1.19% 95.00 93.88
8 MURRAY ENERGY TL B3 1.06% 91.43 90.47
9 MONITRONICS TL 0.97% 98.41 97.46
10 PSC TL 0.86% 99.07 98.23
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/15/17 - 9/22/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 AENOVA 2ND LIEN EUR TL -9.07% 81.12 89.21
2 AENOVA EUR TL B -8.77% 89.40 97.99
3 ACADEMY SPORTS TL B -1.71% 67.42 68.59
4 PHILLIPS PET 2ND LIEN TL -1.65% 84.22 85.63
5 AMEDEO MSN 157 EUR TL B -1.28% 96.38 97.63
6 AVAYA TL B6 -1.09% 84.32 85.25
7 US RENAL CARE 2ND LIEN TL -1.02% 97.00 98.00
8 PETCO TL B -0.96% 84.84 85.66
9 JO-ANN STORES TL B -0.71% 96.11 96.79
10 INTEROUTE EUR TL B -0.66% 100.30 100.96
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 9/15/17 - 9/22/17
 
 Average Bid PX By Sector.png
  • Displays the average loan bid price by sector for the period between 9/15/17 - 9/22/17
    • 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  9/15/17 - 9/22/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ABC SUPPLY TL 54 119 65 120%
2 GRIFOLS WORLDWIDE TL B 76 134 58 76%
3 QUIKRETE TL B 50 96 46 92%
4 JAGUAR HOLDING CO I TL 50 95 45 90%
5 INEOS FIN TL B 71 116 45 63%
6 KRATON POLYMERS LLC / KRATON TL B 42 84 42 100%
7 UNIVAR TL B2 64 106 42 66%
8 VALEANT PHARMACEUTICALS TL F3 52 94 42 81%
9 AXALTA COATING SYSTEMS TL 78 119 41 53%
10 BRAND ENERGY TL 56 97 41 73%
  • Exhibits the loans with the largest increase in quote volume for the week ending 9/15/17 vs. the week ending 9/22/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 GRIFOLS WORLDWIDE TL B 12
2 AVOLON TL B2 11
3 INEOS FIN TL B 10
4 ABC SUPPLY TL 10
5 AXALTA COATING SYSTEMS TL 10
6 COMMUNITY HEALTH TL G 9
7 NTL CABLE PLC TL I 9
8 UNIVAR TL B2 9
9 TELENET TL A 9
10 QUIKRETE TL B 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 9/15/17 - 9/22/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 9/15/17 - 9/22/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 9/15/17 - 9/22/17
    • 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.