Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 12/27/19

Michael Pellerito, December 30, 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 KLOECKNER TL B 7.66% 89.64 83.26
2 EAGLECLAW TL B 4.31% 91.82 88.03
3 CHECKERS TL 2.50% 67.31 65.66
4 LIBBEY GLASS TL B 1.61% 79.64 78.38
5 CAMPING WORLD TL B 1.52% 94.23 92.82
6 MITEL NETWORKS 2ND LIEN TL 1.41% 74.09 73.06
7 LIGHTSQUARED EXIT PIK TL 1.27% 63.03 62.25
8 INFORMATION RESOURCES TL B 1.26% 97.32 96.11
9 M/A-COM TECHNOLOGY SOLUTIONS TL B 1.24% 94.99 93.83
10 TALLGRASS TL B 1.16% 98.99 97.86
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 12/20/19 - 12/27/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
AMERICAN ENERGY MARCELLUS EXIT TL -3.90% 92.67 96.43
LEARFIELD TL -2.87% 87.99 90.59
NEUSTAR 2ND LIEN TL B -2.50% 84.20 86.37
HOLLEY PURCHASER TL -1.71% 93.35 94.97
NBTY TL -1.42% 95.21 96.58
TECHNICOLOR TL B -1.21% 84.39 85.42
COOPER STANDARD TL B -1.20% 93.26 94.39
LESLIE'S POOLMART TL B -0.73% 94.00 94.69
GLASS MOUNTAIN PIPELINE TL B -0.50% 87.36 87.79
10  GTT COMMUNICATIONS EUR TL B -0.49% 93.86 94.32
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 12/20/19 - 12/27/19
 
 Avg Bid Px by Sector
  • Displays the average loan bid price by sector between 12/20/19 - 12/27/19
    • 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 12/20/19 - 12/27/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 MACDERMID TL B 4 16 12 300%
2 LIFESCAN TL 0 11 11 N/A
3 BAUSCH HEALTH COMPANIES INC. TL B 23 33 10 43%
4 TNT CRANE TL 8 16 8 100%
5 PAREXEL INTERNATIONAL TL 10 17 7 70%
6 ADVANCED DISPOSAL TL B 18 25 7 39%
7 LIFESCAN 2ND LIEN TL 0 7 7 N/A
8 ONE CALL EXT TL B 10 17 7 70%
9 FLYNN RESTAURANT TL 0 7 7 N/A
10 GRIFOLS WORLDWIDE TL B 30 37 7 23%
  • Exhibits the loans with the largest increase in quote volume for the week ending 12/20/19 vs. the week ending 12/27/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 HARLAND CLARKE TL B7 14
2 WEST CORP TL B1 14
3 BERRY PLASTICS TL U 14
4 RACKSPACE HOSTING TL B 13
5 SEADRILL PARTNERS LLC EXT TL B 13
6 VERISURE MIDHOLDING AB EUR TL B1 13
7 CALPINE CORP TL B5 13
8 WEBHELP EUR TL B 13
9 ASCENA RETAIL TL B 12
10 NTL CABLE PLC EUR TL O 12
  • Ranks the loans that were quoted by the highest number of dealers between 12/20/19 - 12/27/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 12/20/19 - 12/27/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 12/20/19 - 12/27/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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