Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 1/17/20

Michael Pellerito, January 21, 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 ACCUVANT 2ND LIEN TL 10.29% 70.89 64.28
2 UNIMIN CORP TL 10.24% 83.58 75.82
3 IMAGINE! TL 8.77% 40.13 36.90
4 RODAN & FIELDS TL B 8.28% 66.40 61.32
5 HOLLAND & BARRETT GBP TL B 7.60% 62.85 58.41
6 JORDAN HEALTH TL 5.89% 84.93 80.21
7 EXELA TL B 5.42% 48.62 46.12
8 UNITED NATURAL FOODS TL B 4.64% 87.50 83.61
9 TRAVERSE MIDSTREAM TL B 4.01% 93.69 90.07
10 SKILLSOFT EXT TL 3.76% 82.24 79.26
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 1/10/20 - 1/17/20
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SAVE A LOT TL B -36.25% 20.68 32.44
2 IQOR TL B -10.32% 77.12 86.00
LIBBEY GLASS TL B -7.13% 74.69 80.43
PIER 1 TL B -4.15% 23.62 24.64
ALORICA TL B -3.98% 72.06 75.05
MONEYGRAM TL B -3.66% 91.63 95.11
MCDERMOTT TL B -2.61% 56.35 57.86
ARRAY CANADA TL B -2.02% 75.81 77.37
CROSSMARK TL -1.75% 93.21 94.87
10  APPLE LEISURE TL -1.13% 92.09 93.15
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 1/10/20 - 1/17/20
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 1/10/20 - 1/17/20
    • 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 1/10/20 - 1/17/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CBRE DD TL A 2 18 16 800%
2 ARCHROMA / SK SPICE EUR TL B 2 14 12 600%
3 GATES GLOBAL TL B 51 63 12 24%
4 IGT HOLDING EUR TL B 2 14 12 600%
5 MEDALLION MIDLAND TL B 13 25 12 92%
6 OGF(POMPES FUNEBRES GENERALE) EUR TL B 22 34 12 55%
7 DEL MONTE TL 22 33 11 50%
8 CITYMD TL 10 20 10 100%
9 CONFIE SEGUROS TL B 24 34 10 42%
10 AVAST SOFTWARE TL 30 40 10 33%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/10/20 vs. the week ending 1/17/20
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 15
2 SERTA SIMMONS TL 14
3 TNT CRANE TL 13
4 NORD ANGLIA EDUCATION FINANC EUR TL B 13
5 ACADEMY SPORTS TL B 13
6 ASCENA RETAIL TL B 13
7 NPC TL 13
8 SIGMA BIDCO EUR TL B 13
9 BELK TL B 13
10 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 13
  • Ranks the loans that were quoted by the highest number of dealers between 1/10/20 - 1/17/20

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 1/10/20 - 1/17/20

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 1/10/20 - 1/17/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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