Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 1/24/20

Michael Pellerito, January 27, 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 MOXIE PATRIOT TL B 8.94% 95.98 88.10
2 HOLLAND & BARRETT EUR TL B 6.67% 67.03 62.84
3 GLOBAL TELESYSTEMS TL 3.46% 95.08 91.90
4 DEL MONTE 2ND LIEN TL 3.31% 83.56 80.88
5 PGS TL B 3.04% 98.00 95.11
6 MALLINCKRODT EXT TL B 2.96% 84.00 81.58
7 ONE CALL EXT TL B 2.91% 96.03 93.31
8 DOUGLAS HOLDING EUR TL B7 2.75% 90.23 87.81
9 JO-ANN STORES TL B 2.69% 72.05 70.16
10 PRECYSE HEALTHCARE TL B 2.36% 89.09 87.03
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 1/17/20 - 1/24/20
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
ISAGENIX TL -12.24% 59.33 67.61
2 NPC TL -8.32% 39.97 43.60
SUNGARD AVAIL SERV CAP EXIT DD TL -4.75% 89.98 94.47
ARRAY CANADA TL B -4.71% 72.23 75.81
TRAVELPORT TL B -2.49% 91.98 94.33
ACADEMY SPORTS TL B -2.01% 80.91 82.57
PIER 1 TL B -1.92% 23.17 23.62
EAGLECLAW TL B -1.33% 93.14 94.40
SIVANTOS TL B -1.16% 99.21 100.38
10  ULTRA PETROL CORP EXIT TL -0.95% 58.38 58.94
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 1/17/20 - 1/24/20
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 1/17/20 - 1/24/20
    • 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 1/17/20 - 1/24/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CALPINE CORP TL B5 30 45 15 50%
2 CALPINE CORP TL B9 7 22 15 214%
3 CBS RADIO INC TL B 10 24 14 140%
4 FINANCIAL & RISK US HOLDINGS INC TL B 8 22 14 175%
5 MCDERMOTT TL B 2 14 12 600%
6 NOMAD FOODS EUR TL B 0 12 12 N/A
7 TIPICO EUR TL B 9 21 12 133%
8 TMF GROUP HOLDING BV EUR TL B 10 22 12 120%
9 JBS USA TL B 24 35 11 46%
10 MEMORA EUR TL B1 4 14 10 250%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/17/20 vs. the week ending 1/24/20
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 SERTA SIMMONS TL 14
2 VERISURE MIDHOLDING AB EUR TL B1 14
3 SIGMA BIDCO EUR TL B 13
4 ELSAN GROUPE EUR TL B 13
5 LUMILEDS TL B 13
6 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 13
7 WEBHELP EUR TL B 13
8 GRIFOLS WORLDWIDE EUR TL B 12
9 SEADRILL PARTNERS LLC EXT TL B 12
10 ACADEMY SPORTS TL B 12
  • Ranks the loans that were quoted by the highest number of dealers between 1/17/20 - 1/24/20

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 1/17/20 - 1/24/20

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 1/17/20 - 1/24/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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