Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 8/2/19

Michael Pellerito, August 05, 2019

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 26th - Friday, August 2nd.  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 SMS SYSTEMS TL 9.42% 76.94 70.31
2 STEINHOFF INTERNATIONAL TL B1 3.88% 86.22 83.00
3 SERTA SIMMONS 2ND LIEN TL 3.31% 45.55 44.09
4 FORESIGHT ENERGY TL 2.47% 72.01 70.27
5 ALTICE FINANCING TL B 2.25% 96.44 94.32
6 OBERTHUR TECHNOLOGIES SA EUR TL B1 1.79% 97.26 95.55
7 VF HOLDINGS CORP 2ND LIEN TL 1.75% 99.62 97.90
8 GAVILAN RESOURCES 2ND LIEN TL 1.47% 44.98 44.33
9 DIEBOLD EUR TL B 1.45% 95.15 93.76
10 FINANCIAL & RISK US HOLDINGS INC TL B 1.42% 100.47 99.06
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 7/26/19 - 8/2/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
HARLAND CLARKE TL B7 -9.26% 74.99 82.63
DONCASTERS GBP TL C -5.64% 74.42 78.86
MCDERMOTT TL B -5.38% 94.52 99.90
CHEMOURS EUR TL B -3.39% 96.39 99.78
LUMILEDS DD TL -3.28% 64.76 66.96
REVLON TL B -3.04% 80.85 83.39
KCA DEUTAG TL B -2.74% 69.91 71.88
ACADEMY SPORTS TL B -2.42% 68.41 70.10
MITEL NETWORKS 2ND LIEN TL -2.26% 84.94 86.91
10  NEIMAN MARCUS PIK TL -2.04% 84.37 86.12
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 7/26/19 - 8/2/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 7/26/19 - 8/2/19
    • 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) for the period between 7/26/19 - 8/2/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 INEOS FIN TL B 30 83 53 177%
2 BWAY HOLDING TL B 44 65 21 48%
3 TECHNICOLOR EUR TL B 14 34 20 143%
4 OXEA EUR TL B1 54 73 19 35%
5 YRC WORLDWIDE INC TL B 40 58 18 45%
6 LSC COMMUNICATIONS TL B 2 19 17 850%
7 FLEETCOR TECHNOLOGIES TL 12 29 17 142%
8 FLEETCOR TECHNOLOGIES TL A 2 19 17 850%
9 COTY EUR TL B 42 59 17 40%
10 ARDAGH TL 5 21 16 320%
  • Exhibits the loans with the largest increase in quote volume for the week ending 7/26/19 vs. the week ending 8/2/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 FIRST DATA CORP TL B - 2024 14
2 MACDONALD DETTWILER TL B 12
3 BLITZ F18675 GMBH EUR TL B1 12
4 LAS VEGAS SANDS TL B 11
5 UNITY MEDIA GMBH TL E 11
6 COMMERCIAL BARGE TL B 11
7 FORESIGHT ENERGY TL 11
8 UNITY MEDIA GMBH TL B 11
9 ARDAGH TL 11
10 FIRST DATA CORP TL B - 2022 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 7/26/19 - 8/2/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 7/26/19 - 8/2/19

 

 Sector Bid Offer Spread - 8.5.19 v2

  • Displays the bid-offer spread by sector between 7/26/19 - 8/2/19
    • 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.