Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 7/7/17

Michael Pellerito, July 10, 2017

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 30th - Friday, July 7th.  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)

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TOP 10 WINNERS
Rank Loan Chg Price Price - 1W
1 TRUE RELIGION APPAREL INC TL 21.11% 26.46 21.85
2 HUDSON PRODUCTS TL B 11.34% 98.01 88.03
3 HC STARCK 2ND LIEN EUR TL 7.88% 86.57 80.24
4 BLACKHAWK MINING TL 3.85% 88.36 85.09
5 SOURCEHOV TL B 3.09% 99.00 96.03
6 HC STARCK 2ND LIEN TL 3.06% 86.36 83.79
7 BPA LABORATORIES INC TL 2.25% 89.98 88.00
8 HILANDER FIN L L C EXT EUR TL 1.98% 99.64 97.71
9 US RENAL CARE 2ND LIEN TL 1.81% 95.70 94.00
10 GOODPACK 2ND LIEN TL 1.73% 94.20 92.60
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/30/17 - 7/7/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 FRAC TECH TL B -8.28% 78.40 85.47
2 DONCASTERS 2ND LIEN TL -5.57% 90.18 95.50
3 DEL MONTE FOODS CO TL -2.27% 80.13 81.99
4 LANDS END TL B -2.23% 82.06 83.93
5 CORTEFIEL EUR TL B4 -1.78% 83.21 84.71
6 NEIMAN MARCUS TL B -1.47% 73.86 74.96
7 SURVITEC EUR TL -1.27% 97.00 98.25
8 STENA TL B -1.20% 84.92 85.95
9 DIEBOLD INC TL B -1.17% 99.39 100.57
10 DIEBOLD INC EUR TL B -1.10% 99.81 100.91
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/30/17 - 7/7/17
 
Average Bid Price by Sector.png
  • Displays the average loan bid price by sector for the period between 6/30/17 - 7/7/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
 Sentiment.png
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 6/30/17 - 7/7/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 BARTEC EUR TL C1 8 44 36 450%
2 NORD ANGLIA EDUCATION FINANC TL 32 64 32 100%
3 TELENET TL A 61 89 28 46%
4 UNITED BISCUITS EUR TL B 43 71 28 65%
5 PGS TL B 24 51 27 113%
6 ZIGGO TL E 71 98 27 38%
7 ZIGGO EUR TL F 47 73 26 55%
8 INFINITAS EUR TL B 26 52 26 100%
9 ALL 3 MEDIA GBP TL B 33 58 25 76%
10 DONCASTERS GBP TL C 22 46 24 109%
  • Exhibits the loans with the largest increase in quote volume for the week ending 6/30/17 vs. the week ending 7/7/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 GRIFOLS WORLDWIDE TL B 10
2 NTL CABLE PLC TL I 10
3 NUMERICABLE TL B11 9
4 DAVID'S BRIDAL TL B 9
5 ZIGGO TL E 9
6 TELENET TL A 9
7 NRG ENERGY TL B 9
8 NEXSTAR BROADCASTING TL B 9
9 DELL TL B 9
10 INEOS FIN TL B 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/30/17 - 7/7/17

 

Bid Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 6/30/17 - 7/7/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 6/30/17 - 7/7/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 

If you would like to evaluate our real-time composite pricing and the SolveQuotes platform:

 Request a Free Trial

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.