Solve Advisors Blog & Syndicated Bank Loan Market Summaries

   

Syndicated Bank Loan Market Summary - Week Ending 9/1/17

Michael Pellerito, September 05, 2017

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, August 25th  - Friday, September 1st.  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 BIRCH COMMUNICATIONS TL 16.93% 83.25 71.20
2 ECO-BAT PIK EUR TL 3.59% 35.85 34.61
3 JCREW TL B 3.38% 57.46 55.58
4 LONGVIEW POWER EXIT TL B 2.70% 57.00 55.50
5 HC STARCK 2ND LIEN EUR TL 2.63% 88.48 86.21
6 VIVARTE PIK EUR TL 1.88% 81.65 80.14
7 CSM N V 2ND LIEN TL 1.85% 87.00 85.42
8 CROSSMARK TL 1.76% 70.38 69.16
9 QUALITY DISTR LLC / QD CAP TL 1.63% 98.50 96.92
10 NEIMAN MARCUS TL B 1.42% 74.06 73.02
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 8/25/17 - 9/1/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 FIELDWOOD ENERGY EXT 2ND LIEN TL -20.54% 46.15 58.08
2 SPENCER SPIRIT 2ND LIEN TL -8.53% 55.85 61.05
3 CONTAINER STORE TL B -7.78% 89.46 97.00
4 ACADEMY SPORTS TL B -5.24% 66.37 70.04
5 GULF FINANCE HOUSE TL B -3.22% 91.94 95.00
6 KEURIG INC EUR TL B -2.99% 97.50 100.50
7 TRUE RELIGION APPAREL INC TL -2.32% 25.97 26.59
8 ALBERTSONS TL B4 -2.28% 96.56 98.82
9 ALBERTSONS TL B5 -2.21% 96.74 98.92
10 ALBERTSONS TL B6 -2.17% 96.78 98.92
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 8/25/17 - 9/1/17
 
Average Bid PX By Sector.png
  • Displays the average loan bid price by sector for the period between 8/25/17 - 9/1/17
    • 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 8/25/17 - 9/1/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 GARDNER DENVER TL B 37 80 43 116%
2 VISTRA ENERGY TL B 46 84 38 83%
3 ATLANTIC BROADBAND TL 20 55 35 175%
4 CABLE & WIRELESS TL B3 32 67 35 109%
5 BRAND ENERGY TL 52 85 33 63%
6 CHARTER COMMUNICATIONS TL H 44 76 32 73%
7 ALLIANT HLDGS I INC TL 32 64 32 100%
8 POST HOLDINGS TL B 34 66 32 94%
9 PINNACLE FOODS TL B 32 63 31 97%
10 HUB INTL LTD EXT TL B 37 68 31 84%
  • Exhibits the loans with the largest increase in quote volume for the week ending 8/25/17 vs. the week ending 9/1/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 JCREW TL B 9
2 GARDNER DENVER TL 9
3 VISTRA ENERGY TL B 9
4 NUMERICABLE TL B11 9
5 PAROC EUR TL B1 9
6 SKILLSOFT EXT TL 8
7 NUMERICABLE TL B10 8
8 SYNCHRONOSS TECHNOLOGIES TL 8
9 TELENET TL A 8
10 NTL CABLE PLC TL I 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 8/25/17 - 9/1/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 8/25/17 - 9/1/17

 

Sector Bid Offer Spread v2.png

  • Displays the bid-offer spread by sector between 8/25/17 - 9/1/17
    • 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.