Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 6/28/19

Michael Pellerito, July 01, 2019

Solve Advisor's weekly loan newsletter highlights trends in the Syndicated Bank Loan market.

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, June 21st - Friday, June 28th.  In the tables and charts below, you'll find:

  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 CELSA GROUP EUR TL 5.91% 80.21 75.74
2 CONCORDIA HEALTHCARE TL 2.95% 96.98 94.20
3 BUMI RESOURCES TL 2.59% 83.26 81.16
4 DEOLEO EUR TL B 1.83% 37.25 36.58
5 ADVANTAGE SALES TL B2 1.42% 91.06 89.79
6 MATTRESS FIRM EXIT PIK TL 1.37% 107.84 106.38
7 JCREW TL B 1.28% 85.09 84.01
8 FIELDWOOD ENERGY EXIT 2ND LIEN TL 1.05% 81.87 81.02
9 US SILICA CO TL B 0.89% 93.98 93.14
10 MCDERMOTT TL B 0.73% 98.33 97.62
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/21/19 - 6/28/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
DITECH EXIT TL B -11.88% 43.18 49.00
SOUTHCROSS PROPCO TL B -8.94% 69.53 76.36
MITEL NETWORKS 2ND LIEN TL -8.18% 87.77 95.59
AIR METHODS TL -5.57% 78.58 83.22
ACOSTA TL B -4.72% 36.30 38.09
SALLY BEAUTY TL B1 -4.56% 94.54 99.05
SECURUS TL -3.19% 92.90 95.96
TEAM HEALTH TL -3.02% 88.79 91.55
SERTA SIMMONS 2ND LIEN TL -2.99% 43.57 44.91
10  AIR MEDICAL TL B2 -2.87% 93.53 96.29
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/21/19 - 6/28/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 6/21/19 - 6/28/19
    • 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) for the period between 6/21/19 - 6/28/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 AMERICAN AXLE & MANUFACTURING TL 14 34 20 143%
2 CROSBY TL 10 29 19 190%
3 FORTERRA TL 48 65 17 35%
4 ACCURIDE TL B 5 21 16 320%
5 ESSENTIAL POWER TL B 14 28 14 100%
6 STENA TL B 14 28 14 100%
7 HERTZ TL 34 46 12 35%
8 MSX INTERNATIONAL EUR TL B3 12 24 12 100%
9 NAVISTAR INTERNATIONAL TL B 0 11 11 N/A
10 PAINTS & CHEM INDS CO S A E EUR TL B 7 18 11 157%
  • Exhibits the loans with the largest increase in quote volume for the week ending 6/21/19 vs. the week ending 6/28/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 HILTON TL B2 12
2 NIDDA HEALTHCARE HOLDING GMBH EUR TL C 12
3 MACDONALD DETTWILER TL B 11
4 EPHIOS BONDCO EUR TL B 11
5 MONITRONICS TL B2 10
6 AIR METHODS TL 10
7 EPICOR SOFTWARE TL B 10
8 BUCCANEER TL 10
9 WEST CORP TL B1 10
10 INTERNET BRANDS TL 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/21/19 - 6/28/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 6/21/19 - 6/28/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 6/21/19 - 6/28/19
    • 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 646-699-5041.