Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 8/23/19

Michael Pellerito, August 26, 2019

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Our weekly newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.

  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 LIGHTSQUARED EXIT PIK 2ND LIEN TL 16.52% 39.62 34.00
2 VERITAS TL B1 3.02% 94.04 91.28
3 ADVANTAGE SALES 2ND LIEN TL 2.39% 81.80 79.89
4 TEAM HEALTH TL 2.04% 80.28 78.68
5 HEARTLAND DENTAL TL 1.36% 96.07 94.78
6 DIAMOND RESORTS TL B 1.29% 95.75 94.53
7 NAVIOS MIDSTREAM TL B 1.22% 99.12 97.93
8 AVAYA TL B 1.11% 97.90 96.82
9 ENDO HEALTH TL B 1.00% 91.85 90.94
10 ERESEARCH TL B 0.73% 99.74 99.02
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 8/16/19 - 8/23/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
CONSTELLIS HOLDINGS LLC 2ND LIEN TL -17.13% 35.00 42.24
JO-ANN STORES 2ND LIEN TL -7.92% 72.33 78.55
TRAVELPORT TL B -5.19% 90.50 95.45
ULTRA PETROL CORP EXIT TL -4.88% 68.57 72.09
CAPROCK MIDSTREAM TL B -3.92% 88.48 92.09
FLINT GROUP TL B2 -3.45% 82.23 85.17
V GROUP TL B -3.08% 84.00 86.67
STETSON MIDSTREAM TL B -2.78% 95.37 98.10
POWER BUYER TL -2.75% 91.49 94.07
10  CALIFORNIA PIZZA TL -2.53% 94.09 96.54
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 8/16/19 - 8/23/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 8/16/19 - 8/23/19
    • 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) between 8/16/19 - 8/23/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 HILTON TL B 44 64 20 45%
2 US TELEPACIFIC TL B 34 54 20 59%
3 PETSMART TL B2 3 22 19 633%
4 BIOSCRIP TL B 0 18 18 N/A
5 SAVAGE ENTERPRISES TL B 23 41 18 78%
6 SS&C TECH TL B5 40 58 18 45%
7 PETCO TL B 17 34 17 100%
8 ATLANTIC BROADBAND TL B 36 52 16 44%
9 SS&C TECH TL B4 32 48 16 50%
10 REVLON TL B 27 42 15 56%
  • Exhibits the loans with the largest increase in quote volume for the week ending 8/9/19 vs. the week ending 8/16/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 14
2 NUMERICABLE TL B12 13
3 STATION CASINO TL B 12
4 HELIX GENERATION TL B 12
5 OBERTHUR TECHNOLOGIES SA EUR TL B1 11
6 FINANCIAL & RISK US HOLDINGS INC EUR TL B 11
7 AMEDEO MSN 157 EUR TL B 11
8 VERALLIA EUR TL B4 11
9 VERISURE MIDHOLDING AB EUR TL B 11
10 ADVANTAGE SALES 2ND LIEN TL 11
  • Ranks the loans that were quoted by the highest number of dealers between 8/16/19 - 8/23/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 8/16/19 - 8/23/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 8/16/19 - 8/23/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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