Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 11/29/19

Michael Pellerito, December 02, 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 ACADEMY SPORTS TL B 6.22% 74.58 70.22
2 GTT COMMUNICATIONS TL B 4.60% 77.82 74.40
3 4L TECHNOLOGIES INC. TL B 2.85% 52.94 51.47
4 CIRQUE DE SOLEIL TL B 2.68% 91.74 89.34
5 CAMPING WORLD TL B 2.65% 89.57 87.26
6 GTT COMMUNICATIONS EUR TL B 2.53% 88.83 86.64
7 RENTPATH TL 2.50% 51.12 49.88
8 EPIQ SYSTEMS TL B 2.48% 91.70 89.48
9 MITEL NETWORKS TL 2.24% 87.87 85.94
10 PRINCE TL 2.21% 83.50 81.70
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 11/22/19 - 11/29/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
HOLLAND & BARRETT GBP TL B -17.97% 47.91 58.41
OUTERSTUFF TL B -13.88% 80.51 93.48
CALIFORNIA RESOURCES TL -13.20% 58.27 67.12
ZEP 2ND LIEN TL -7.51% 46.34 50.10
BOYD CORP 2ND LIEN TL -6.97% 70.28 75.55
STETSON MIDSTREAM TL B -4.71% 81.95 86.00
LONGVIEW POWER EXIT TL B -4.16% 54.22 56.57
LIGHTSTONE GENERATION LLC TL B -3.67% 89.32 92.73
RENAISSANCE LEARNING 2ND LIEN TL -3.29% 90.28 93.35
10  WEST CORP TL B1 -2.83% 78.68 80.98
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 11/22/19 - 11/29/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 11/22/19 - 11/29/19
    • 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 11/22/19 - 11/29/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 LEVEL III TL B 5 21 16 320%
2 NEP EUROPE FINCO EUR TL B 2 15 13 650%
3 NEW LOOK PIK GBP TL 0 10 10 N/A
4 NPC TL 0 10 10 N/A
5 NTL CABLE PLC EUR TL O 12 22 10 83%
6 ADDISON LEE GBP TL B3 0 10 10 N/A
7 ALEXANDER MANN GBP TL 0 10 10 N/A
8 ANDROMEDA INVESTISSEMENT EUR TL B1 0 9 9 N/A
9 BOLUDA TOWAGE EUR TL B1 20 28 8 40%
10 FLINT GROUP EUR TL B 2 10 8 400%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/22/19 vs. the week ending 11/29/19
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 DORNA SPORTS EUR TL B 14
5 VICI PROPERTIES TL B 14
6 BMC SOFTWARE TL B 14
7 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 14
8 ZIGGO EUR TL H 14
9 RCN GRANDE TL B 14
10 SOLERA TL B 14
  • Ranks the loans that were quoted by the highest number of dealers between 11/22/19 - 11/29/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 11/22/19 - 11/29/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 11/22/19 - 11/29/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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