Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 1/31/20

Michael Pellerito, February 03, 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 TOWN SPORTS TL B 5.55% 78.19 74.08
2 HOLLAND & BARRETT GBP TL B 4.14% 69.37 66.62
3 HIGHLINE AFTERMARKET ACQUISITION TL 3.54% 95.29 92.03
4 TNT CRANE TL 3.31% 89.48 86.61
5 CHECKERS TL 2.85% 69.37 67.44
6 DOUGLAS HOLDING EUR TL B8 1.58% 90.14 88.73
7 PELICAN PRODUCTS TL B 1.58% 94.96 93.49
8 CASA SYSTEMS TL 1.45% 81.18 80.02
9 M/A-COM TECHNOLOGY SOLUTIONS TL B 1.15% 96.84 95.74
10 KETER GROUP EUR TL 1.10% 89.05 88.08
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 1/24/20 - 1/31/20
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
CATALINA MARKETING EXIT PIK TL -6.87% 36.86 39.58
2 ANASTASIA BEVERLY HILLS TL B -6.15% 80.09 85.34
SEADRILL PARTNERS LLC EXT TL B -5.68% 47.32 50.17
EXELA TL B -5.51% 45.03 47.65
BCP RENAISSANCE TL B2 -5.16% 88.73 93.56
UNIMIN CORP TL -3.59% 79.73 82.70
ARRAY CANADA TL B -3.37% 69.80 72.23
PEAK 10 TL -3.33% 80.31 83.08
TRAVERSE MIDSTREAM TL B -3.30% 89.83 92.89
10  ANCESTRY.COM TL B -3.01% 95.51 98.47
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 1/24/20 - 1/31/20
 
 Avg Bid Px by Sector
  • Displays the average loan bid price by sector between 1/24/20 - 1/31/20
    • 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 1/24/20 - 1/31/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ENVISION HEALTHCARE TL B 38 102 64 168%
2 UNITED NATURAL FOODS TL B 29 88 59 203%
3 SEADRILL PARTNERS LLC EXT TL B 8 64 56 700%
4 HARLAND CLARKE TL B7 34 90 56 165%
5 IQOR TL B 21 77 56 267%
6 SERTA SIMMONS 2ND LIEN TL 4 59 55 1375%
7 VERITAS TL B1 18 73 55 306%
8 SECURUS 2ND LIEN TL 4 58 54 1350%
9 UNIMIN CORP TL 30 83 53 177%
10 ASCENA RETAIL TL B 16 68 52 325%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/24/20 vs. the week ending 1/31/20
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 15
2 WEBHELP EUR TL B 15
3 SERTA SIMMONS TL 14
4 DORNA SPORTS EUR TL B 14
5 LUMILEDS TL B 14
6 SIGMA BIDCO EUR TL B 14
7 CEVA SANTE ANIMALE EUR TL B 14
8 FRONERI EUR TL B 14
9 GRIFOLS WORLDWIDE EUR TL B 13
10 SEADRILL PARTNERS LLC EXT TL B 13
  • Ranks the loans that were quoted by the highest number of dealers between 1/24/20 - 1/31/20

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 1/24/20 - 1/31/20

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 1/24/20 - 1/31/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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