Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 12/6/19

Michael Pellerito, December 09, 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 DONCASTERS GBP TL C 8.68% 74.50 68.55
2 SLV GROUP GMBH EUR TL B 4.86% 87.62 83.56
3 KLOECKNER EUR TL B 4.84% 85.07 81.15
4 WEST CORP TL B1 3.68% 81.58 78.68
5 KETER GROUP EUR TL 3.62% 82.57 79.69
6 LIFESCAN TL 3.36% 91.93 88.94
7 GTT COMMUNICATIONS EUR TL B 2.91% 91.42 88.83
8 BMC SOFTWARE TL B 2.39% 97.92 95.63
9 CELSA GROUP EUR TL 2.29% 78.36 76.61
10 QUORUM HEALTH TL 1.99% 96.41 94.53
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 11/29/19 - 12/6/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
JILL TL B -7.46% 84.29 91.09
NPC TL -6.42% 45.62 48.75
TMF GROUP HOLDING BV EUR TL B -5.02% 84.84 89.32
STETSON MIDSTREAM TL B -4.71% 78.09 81.95
INVICTUS TL B -4.08% 94.85 98.88
ALORICA TL B -3.61% 81.35 84.40
CRESTWOOD MIDSTREAM TL B -2.96% 91.82 94.62
BCP RENAISSANCE TL B -2.33% 84.57 86.59
TRAVERSE MIDSTREAM TL B -2.22% 84.27 86.18
10  REVLON TL B -2.20% 72.36 73.98
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 11/29/19 - 12/6/19
 
 Avg Bid by Sector
  • Displays the average loan bid price by sector between 11/29/19 - 12/6/19
    • 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 11/29/19 - 12/6/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 KRONOS TL B 25 56 31 124%
2 CALPINE CORP TL B5 26 54 28 108%
3 SOLENIS TL 8 34 26 325%
4 STAPLES TL B1 18 43 25 139%
5 UNIVISION TL C5 25 50 25 100%
6 ALLIANT HLDGS I INC TL B 34 59 25 74%
7 APPLIED SYSTEMS TL B 22 46 24 109%
8 ASURION 2ND LIEN TL 4 28 24 600%
9 MCGRAW-HILL GLOBAL TL 20 44 24 120%
10 WARNER MUSIC TL B 31 55 24 77%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/29/19 vs. the week ending 12/6/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ENVISION HEALTHCARE TL B 15
2 NORD ANGLIA EDUCATION FINANC EUR TL B 15
3 LUMILEDS TL B 14
4 MCDERMOTT TL B 14
5 SEADRILL PARTNERS LLC EXT TL B 14
6 DORNA SPORTS EUR TL B 14
7 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 14
8 SIGMA BIDCO EUR TL B 13
9 ZIGGO EUR TL H 13
10 RCN GRANDE TL B 13
  • Ranks the loans that were quoted by the highest number of dealers between 11/29/19 - 12/6/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 11/29/19 - 12/6/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 11/29/19 - 12/6/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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