Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 12/20/19

Michael Pellerito, December 23, 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 16.23% 74.19 63.83
2 STETSON MIDSTREAM TL B 12.60% 89.08 79.11
3 ENCINO ACQUISITION PARTNERS 2ND LIEN TL 12.31% 72.09 64.19
4 LIGHTSQUARED EXIT PIK TL 12.07% 62.25 55.54
5 TEAM HEALTH TL 11.27% 79.33 71.30
6 HOLLAND & BARRETT EUR TL B 10.75% 58.24 52.59
7 SERTA SIMMONS TL 8.28% 63.42 58.57
8 V GROUP TL B 5.75% 85.09 80.46
9 MOXIE PATRIOT TL B 5.54% 86.75 82.20
10 RADIATION THERAPY SERVICES TL B 5.32% 99.00 94.00
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 12/13/19 - 12/20/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SKILLSOFT EXT 2ND LIEN TL -10.84% 25.98 29.13
SOUTHCROSS PROPCO TL B -8.43% 48.37 52.82
HARLAND CLARKE TL B7 -8.12% 73.78 80.31
SPEEDCAST TL B -7.49% 76.92 83.15
BELK EXT TL B -6.67% 69.29 74.24
TRC COMPANIES TL -3.48% 95.76 99.21
FRAC TECH TL B -3.04% 84.12 86.76
DUEMMEN ORANGE EUR TL B -2.85% 62.26 64.08
TKC HOLDINGS TL -2.04% 92.78 94.71
10  KINOVE EUR TL A2 -1.62% 95.16 96.72
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 12/13/19 - 12/20/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 12/13/19 - 12/20/19
    • 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 12/13/19 - 12/20/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ALLIANCE DATA TL 0 24 24 N/A
2 ASCEND PERFORMANCE MATERIALS TL 0 21 21 N/A
3 EIG INVESTORS TL 11 27 16 145%
4 CASINO GUICHARD EUR TL B 8 22 14 175%
5 HARD ROCK NORTHERN INDIANA TL 10 24 14 140%
6 ADVANTAGE SALES TL 29 42 13 45%
7 ALBANY MOLECULAR TL B 18 30 12 67%
8 JBS USA TL B 7 18 11 157%
9 MATTERHORN MOBILE EUR TL B 9 20 11 122%
10 MGM RESORTS TL A 13 23 10 77%
  • Exhibits the loans with the largest increase in quote volume for the week ending 12/13/19 vs. the week ending 12/20/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 BERRY PLASTICS TL U 17
2 VERISURE MIDHOLDING AB EUR TL B1 14
3 ZIGGO EUR TL H 13
4 SEADRILL PARTNERS LLC EXT TL B 13
5 DORNA SPORTS EUR TL B 13
6 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 13
7 NORD ANGLIA EDUCATION FINANC EUR TL B 13
8 SIGMA BIDCO TL B 13
9 EPHIOS BONDCO EUR TL B 13
10 WEBHELP EUR TL B 13
  • Ranks the loans that were quoted by the highest number of dealers between 12/13/19 - 12/20/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 12/13/19 - 12/20/19

 

 Sector Bid and Offer Volume

  • Displays the bid-offer spread by sector between 12/13/19 - 12/20/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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