Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 2/7/20

Michael Pellerito, February 10, 2020

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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 POWER BUYER 2ND LIEN TL 11.52% 80.73 72.39
2 WIREPATH HOME TL 7.80% 93.79 87.00
3 AGROFRESH TL B 3.38% 92.88 89.84
4 PGS TL B 3.11% 99.65 96.65
5 PABST TL 2.89% 89.89 87.37
6 SOLENIS 2ND LIEN TL 2.80% 95.68 93.07
7 STEINHOFF EUROPE AG 2ND LIEN EUR TL 2.68% 75.69 73.71
8 OGF(POMPES FUNEBRES GENERALE) EUR TL B 1.94% 86.77 85.12
9 ARRAY CANADA TL B 1.72% 71.00 69.80
10 KETER GROUP EUR TL 1.31% 90.22 89.05
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 1/31/20 - 2/7/20
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
JUICE PLUS+ TL -24.88% 56.27 74.91
2 IQOR 2ND LIEN TL -12.63% 46.73 53.48
CALIFORNIA RESOURCES TL -10.26% 68.99 76.87
SPEEDCAST TL B -10.03% 75.05 83.42
RENTPATH TL -8.13% 45.36 49.37
EXELA TL B -7.76% 41.53 45.03
PEABODY ENERGY TL B -7.53% 80.00 86.51
MCDERMOTT TL B -5.04% 59.33 62.47
BOYD CORP TL B -3.20% 89.01 91.96
10  VYAIRE MEDICAL TL B -3.08% 85.27 87.98
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 1/31/20 - 2/7/20
 
 Avg PX by Sector
  • Displays the average loan bid price by sector between 1/31/20 - 2/7/20
    • 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 1/31/20 - 2/7/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 UPC HOLDING BV TL 1 36 35 3500%
2 BERRY PLASTICS TL Y 48 74 26 54%
3 FILTRATION GROUP TL B 41 65 24 59%
4 BOOZ ALLEN TL B 5 26 21 420%
5 MESSER INDUSTRIES TL B 53 72 19 36%
6 REYNOLDS GROUP HOLDINGS LIMITED TL B 15 34 19 127%
7 VERISURE MIDHOLDING AB EUR TL B1 18 36 18 100%
8 ACTION NEDERLAND EUR TL B 24 41 17 71%
9 CINEWORLD EXT TL B 26 42 16 62%
10 ELSAN GROUPE EUR TL B 14 30 16 114%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/31/20 vs. the week ending 2/7/20
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 16
2 WEBHELP EUR TL B 16
3 ASCENA RETAIL TL B 15
4 DORNA SPORTS EUR TL B 15
5 TRANSDIGM INC. TL E 15
6 ELSAN GROUPE EUR TL B 14
7 SERTA SIMMONS TL 14
8 CEVA SANTE ANIMALE EUR TL B 14
9 NORD ANGLIA EDUCATION FINANC EUR TL B 14
10 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 14
  • Ranks the loans that were quoted by the highest number of dealers between 1/31/20 - 2/7/20

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 1/31/20 - 2/7/20

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 1/31/20 - 2/7/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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