Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 8/3/18

Michael Pellerito, August 06, 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, July 27th - Friday, August 3rd.  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 COMMERCIAL BARGE TL 13.06% 80.37 71.80
2 AMERICAN TIRE TL B 11.04% 76.41 68.81
3 ECO-BAT PIK EUR TL 5.19% 39.00 37.07
4 JCREW TL B 1.42% 85.24 84.05
5 MONITRONICS TL 1.42% 94.81 93.48
6 BLACKHAWK MINING TL B1 1.17% 82.65 81.70
7 UNILABS EUR TL B 0.87% 98.85 98.00
8 WOODFORD EXPRESS TL B 0.86% 98.34 97.50
9 MISYS TL B 0.82% 99.41 98.60
10 NUMERICABLE EUR TL B11 0.81% 96.98 96.19
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 7/27/18 - 8/3/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 DEOLEO 2ND LIEN EUR TL -16.63% 29.06 34.86
2 SOUTHCROSS ENERGY LLC PROPCO TL B -9.94% 85.56 95.00
3 DEOLEO EUR TL B -7.47% 69.34 74.94
4 SERTA SIMMONS 2ND LIEN TL -2.91% 68.01 70.04
5 CHOBANI TL B -2.57% 97.43 100.00
6 US RENAL CARE 2ND LIEN TL -1.55% 97.01 98.54
7 HARLAND CLARKE TL B7 -1.27% 95.61 96.84
8 MONEYGRAM EXT TL B -1.18% 96.15 97.30
9 VERITAS EUR TL B -1.13% 92.63 93.69
10 TECHNICOLOR EUR TL B -0.99% 93.63 94.56
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 7/27/18 - 8/3/18
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 7/27/18 - 8/3/18
    • 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 7/27/18 - 8/3/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ASURION TL B4 24 42 18 75%
2 SUPERIOR INDUSTRIES TL B 0 18 18 N/A
3 ASURION 2ND LIEN TL 16 32 16 100%
4 COMPUWARE TL B3 22 38 16 73%
5 CHARTER NEX TL 20 34 14 70%
6 TEMPO ACQUISITION TL B 46 60 14 30%
7 SOLERA TL B 68 82 14 21%
8 INOVALON HOLDINGS TL B 10 24 14 140%
9 DEL MONTE FOODS CO TL 26 39 13 50%
10 FLINT GROUP TL C 24 36 12 50%
  • Exhibits the loans with the largest increase in quote volume for the week ending 7/27/18 vs. the week ending 8/3/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 MISYS TL B 8
2 DJO FINANCE TL B 8
3 SOLARWINDS TL 8
4 VERITAS EUR TL B 8
5 DELL TL B 8
6 KRONOS 2ND LIEN TL 7
7 KRONOS TL B 7
8 LANDRY'S TL B 7
9 GO DADDY DD TL 7
10 INFORMATICA TL B 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 7/27/18 - 8/3/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 7/27/18 - 8/3/18

 

 Sentiment Bid Offer Spread

  • Displays the bid-offer spread by sector between 7/27/18 - 8/3/18
    • 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.