Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 4/27/18

Michael Pellerito, April 30, 2018

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, April 20th - Friday, April 27th.  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 MURRAY ENERGY TL B2 2.20% 88.52 86.61
2 AENOVA EUR TL B 1.51% 96.96 95.52
3 DAVID'S BRIDAL TL B 1.16% 86.08 85.10
4 BASS PRO SHOPS TL B 1.12% 100.63 99.52
5 QLIK TECHNOLOGIES TL B 1.10% 99.74 98.65
6 TALEN ENERGY SUPPLY LLC TL B1 1.01% 99.16 98.17
7 HEALOGICS EXT TL B 0.83% 88.98 88.25
8 PELICAN PRODUCTS 2ND LIEN TL 0.78% 100.98 100.20
9 99 CENTS ONLY EXT PIK TL B 0.68% 97.48 96.82
10 MEDIQ INC EUR TL B 0.65% 98.41 97.78
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 4/20/18 - 4/27/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 LIGHTSQUARED EXIT 2ND LIEN TL -22.03% 26.45 33.92
2 AMERICAN TIRE TL B -12.99% 86.92 99.89
3 NBTY 2ND LIEN TL -9.88% 81.11 90.01
4 SMS SYSTEMS TL -6.43% 85.99 91.89
5 RENTPATH 2ND LIEN TL -5.86% 86.63 92.02
6 CHUCK E CHEESE TL B -2.57% 89.29 91.65
7 ACOSTA TL B -2.31% 81.08 83.00
8 BEACON HEALTH TL -2.29% 95.41 97.64
9 PETSMART TL B -2.20% 77.66 79.41
10 PETCO TL B -1.27% 68.53 69.42
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 4/20/18 - 4/27/18
 
  Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 4/20/18 - 4/27/18
    • 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 4/20/18 - 4/27/18

 

TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 US FOODS TL B 34 53 19 56%
2 AUTHENTIC BRANDS TL B 4 21 17 425%
3 EG GROUP EUR TL B 20 36 16 80%
4 EG GROUP GBP TL B 30 46 16 53%
5 FITNESS & SPORT CLUBS TL B 8 24 16 200%
6 ZAYO TL B1 37 53 16 43%
7 ZAYO TL B2 57 72 15 26%
8 AVAYA EXIT TL B 32 47 15 47%
9 CERAMTEC EUR TL B 29 44 15 52%
10 ADTALEM GLOBAL EDUCATION TL B 12 26 14 117%
  • Exhibits the loans with the largest increase in quote volume for the week ending 4/20/18 vs. the week ending 4/27/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 10
2 TRANSDIGM INC TL F 9
3 KRONOS TL B 9
4 FULLBEAUTY TL 8
5 INFOR TL B 8
6 AVAST SOFTWARE TL 8
7 SPRINGER NATURE TL B13 8
8 HUB INTL LTD EXT TL B 8
9 REYNOLDS GROUP TL B 8
10 TRANSDIGM INC TL E 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 4/20/18 - 4/27/18

 

Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 4/20/18 - 4/27/18

 

Sector Bid Offer Spread

 

  • Displays the bid-offer spread by sector between 4/20/18 - 4/27/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

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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.