Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 1/10/20

Michael Pellerito, January 13, 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 JORDAN HEALTH TL 10.13% 80.21 72.83
2 UTEX TL B 7.49% 78.13 72.68
3 SONICWALL 2ND LIEN TL 6.74% 91.85 86.05
4 BCP RENAISSANCE TL B 5.90% 93.40 88.19
5 UNIFRAX TL B 5.59% 94.05 89.07
6 SPEEDCAST TL B 5.08% 79.93 76.07
7 FIELDWOOD ENERGY EXIT 2ND LIEN TL 4.25% 57.51 55.16
8 CEVA GROUP TL B 3.75% 87.02 83.88
9 BOYD CORP TL B 3.42% 92.70 89.63
10 EAGLECLAW TL B 2.76% 94.88 92.33
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 1/3/20 - 1/10/20
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
CONSTELLIS HOLDINGS LLC TL -37.33% 25.42 40.55
2 UNITED ROAD SERVICES TL -6.85% 88.71 95.23
COMMERCIAL BARGE TL B -6.22% 46.15 49.21
EPIC HEALTH TL -4.05% 91.22 95.07
FUSION CONNECT TL B -2.18% 39.24 40.12
TKC HOLDINGS 2ND LIEN TL -1.70% 90.00 91.56
WP CPP TL B -1.64% 97.00 98.62
ELEMENT MATERIALS TL B -1.31% 98.85 100.17
FORESIGHT ENERGY TL -1.24% 42.09 42.62
10  ISAGENIX TL -1.09% 68.35 69.10
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 1/3/20 - 1/10/20
 
 Avg Bid Px by Sector
  • Displays the average loan bid price by sector between 1/3/20 - 1/10/20
    • 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 1/3/20 - 1/10/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 KRONOS TL B 35 67 32 91%
2 WARNER MUSIC TL B 37 69 32 86%
3 TRANSDIGM INC. TL F 44 73 29 66%
4 TRANSDIGM INC. TL E 43 70 27 63%
5 REYNOLDS GROUP HOLDINGS LIMITED TL B 39 66 27 69%
6 APPLIED SYSTEMS TL B 28 55 27 96%
7 DAVITA TL B 39 66 27 69%
8 ENVISION HEALTHCARE TL B 26 52 26 100%
9 ESH HOSPITALITY TL B 25 51 26 104%
10 GO DADDY TL B 24 50 26 108%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/3/20 vs. the week ending 1/10/20
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 15
2 TNT CRANE TL 12
3 ASCENA RETAIL TL B 12
4 NORD ANGLIA EDUCATION FINANC EUR TL B 12
5 DORNA SPORTS EUR TL B 12
6 VERISURE MIDHOLDING AB EUR TL B 12
7 BELK TL B 12
8 SERTA SIMMONS TL 12
9 NPC TL 11
10 LUMILEDS TL B 11
  • Ranks the loans that were quoted by the highest number of dealers between 1/3/20 - 1/10/20

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 1/3/20 - 1/10/20

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 1/3/20 - 1/10/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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If you would like to see additional information, or if you have any feedback or questions, please feel free to reach out to us at info@solveadvisors.com or +1 646-699-5041.