Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 12/13/19

Michael Pellerito, December 16, 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 CALIFORNIA RESOURCES TL 9.88% 63.83 58.09
2 CURAEOS EUR TL B 7.16% 71.28 66.52
3 FLINT GROUP TL C 7.08% 84.61 79.02
4 NEIMAN MARCUS EXT TL 5.96% 77.16 72.82
5 VANTAGE SPECIALTY TL B 5.82% 93.45 88.31
6 DONCASTERS EXT TL B 4.95% 75.84 72.27
7 BOYD CORP TL B 4.21% 90.03 86.40
8 HEARTHSIDE FOODS TL B2 4.03% 98.40 94.58
9 GLOBAL TELESYSTEMS TL 3.82% 88.74 85.47
10 NBTY TL 3.37% 97.48 94.30
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 12/6/19 - 12/13/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SHERIDAN PRODUCTION PARTNERS II TL B -13.26% 28.92 33.33
FRAC TECH TL B -7.43% 86.76 93.73
JO-ANN STORES TL B -6.51% 68.22 72.97
ISAGENIX TL -4.94% 70.17 73.82
DUEMMEN ORANGE EUR TL B -4.67% 64.08 67.22
IQOR 2ND LIEN TL -4.57% 61.81 64.77
UNIFRAX EUR TL B -4.02% 85.54 89.12
COMDATA SPA EUR TL B -2.57% 90.13 92.51
NEUSTAR TL B4 -2.20% 90.24 92.27
10  VYAIRE MEDICAL TL B -1.42% 86.72 87.97
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 12/6/19 - 12/13/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 12/6/19 - 12/13/19
    • 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 12/6/19 - 12/13/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CBS OUTDOOR TL B 0 33 33 N/A
2 THE SERVICEMASTER COMPANY, LLC TL B 0 30 30 N/A
3 84 LUMBER CO TL 10 38 28 280%
4 FOUR SEASONS TL B 19 44 25 132%
5 VISTRA ENERGY TL B3 18 42 24 133%
6 AMC ENTERTAINMENT TL B1 25 48 23 92%
7 SBA COMMUNICATIONS CORP TL B 36 57 21 58%
8 AIR CANADA TL B 0 20 20 N/A
9 ACCUVANT 2ND LIEN TL 12 30 18 150%
10 ALLEGIANT TRAVEL TL B 0 18 18 N/A
  • Exhibits the loans with the largest increase in quote volume for the week ending 12/6/19 vs. the week ending 12/13/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 16
2 NORD ANGLIA EDUCATION FINANC EUR TL B 15
3 SIGMA BIDCO TL B 15
4 SEADRILL PARTNERS LLC EXT TL B 14
5 MCDERMOTT TL B 14
6 SIGMA BIDCO EUR TL B 14
7 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 14
8 DORNA SPORTS EUR TL B 14
9 LUMILEDS TL B 13
10 ZIGGO EUR TL H 13
  • Ranks the loans that were quoted by the highest number of dealers between 12/6/19 - 12/13/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 12/6/19 - 12/13/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 12/6/19 - 12/13/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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