Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 8/31/18

Michael Pellerito, September 04, 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 24th - Friday, August 31st.  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 BELK TL B 2.26% 87.03 85.11
2 MOHEGAN TL B 2.16% 94.86 92.86
3 JCREW TL B 2.06% 89.81 87.99
4 CTI FOODS TL 2.00% 80.19 78.62
5 SHERIDAN PRODUCTION PARTNERS I TL B2 1.15% 89.73 88.70
6 HUDSON'S BAY TL B 1.14% 95.86 94.78
7 WIDEOPENWEST TL B 1.02% 97.22 96.23
8 NEIMAN MARCUS TL B 0.79% 92.92 92.20
9 PETSMART TL B 0.75% 85.72 85.08
10 REALOGY TL B 0.49% 100.32 99.83
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 8/24/18 - 8/31/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 SAVE A LOT TL B -6.52% 71.36 76.33
2 ADVANTAGE SALES 2ND LIEN TL -4.63% 83.07 87.10
3 GULF FINANCE TL B -4.56% 82.55 86.50
4 DOUGLAS DYNAMICS TL B -3.32% 82.25 85.08
5 ECOBAT PIK EUR TL -3.04% 38.50 39.71
6 HELIX GENERATION TL B -1.98% 95.20 97.13
7 ADVANTAGE SALES TL B -1.57% 93.43 94.92
8 PABST TL -1.33% 96.63 97.94
9 PATTERSON MEDICAL TL -1.07% 94.79 95.81
10 CHOBANI TL B -0.82% 94.88 95.67
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 8/24/18 - 8/31/18
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 8/24/18 - 8/31/18
    • 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 8/24/18 - 8/31/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CHG HEALTHCARE TL B 0 24 24 N/A
2 DIGICERT TL 0 21 21 N/A
3 CONSOLIDATED COMMUNICATIONS TL B2 26 42 16 62%
4 US FOODS TL B 38 54 16 42%
5 GRIFOLS WORLDWIDE TL B 46 61 15 33%
6 ACOSTA TL B 20 35 15 75%
7 EDMENTUM TL 2 16 14 700%
8 JC PENNEY TL B 20 34 14 70%
9 XPO LOGISTICS TL B 40 54 14 35%
10 STENA TL B 6 18 12 200%
  • Exhibits the loans with the largest increase in quote volume for the week ending 8/24/18 vs. the week ending 8/31/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 NUMERICABLE TL B11 8
2 NUMERICABLE TL B12 8
3 TELENET TL A 8
4 PETSMART TL B 8
5 NTL CABLE PLC TL K 8
6 ALLISON TRANSMISSION TL B 8
7 ACADEMY SPORTS TL B 7
8 SERTA SIMMONS 2ND LIEN TL 7
9 QUIKRETE TL B 7
10 DELL TL B 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 8/24/18 - 8/31/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 8/24/18 - 8/31/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 8/24/18 - 8/31/18
    • 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.