Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 7/12/19

Michael Pellerito, July 15, 2019

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

Want to receive Solve's Bank Loan summaries in your inbox directly?

 Subscribe to Solve's Market Summaries...

Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes


Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, July 5th - Friday, July 12th.  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 LIGHTSQUARED EXIT PIK 2ND LIEN TL 12.99% 30.99 27.43
2 YORK RISK SERVICES TL B 5.73% 99.73 94.32
3 DEL MONTE TL 4.24% 73.07 70.10
4 AIR METHODS TL 2.21% 82.03 80.26
5 UNIVISION TL C5 2.08% 97.59 95.60
6 MITEL NETWORKS TL 1.75% 97.37 95.69
7 TRIMARK TL 1.74% 84.58 83.13
8 PACIFIC GAS AND ELECTRIC COMPANY DIP REV 1.64% 98.52 96.93
9 AIR MEDICAL TL B2 1.54% 95.33 93.89
10 SERTA SIMMONS TL 1.49% 65.76 64.80
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 7/5/19 - 7/12/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
4L TECHNOLOGIES INC. TL B -35.83% 62.52 97.43
RENTPATH TL -7.73% 54.61 59.19
AMNEAL PHARMACEUTIAL TL B -6.41% 92.76 99.11
ACOSTA TL B -5.60% 33.92 35.93
FORESIGHT ENERGY TL -3.18% 76.04 78.54
CHEMOURS TL B -3.00% 96.77 99.76
JASON INC TL -2.68% 91.08 93.59
OWENS & MINOR DISTRIBUTION TL B -2.30% 81.38 83.30
GLOBAL TELESYSTEMS TL -2.14% 95.01 97.08
10  JILL TL B -1.70% 94.23 95.86
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 7/5/19 - 7/12/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 7/5/19 - 7/12/19
    • 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 7/5/19 - 7/12/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 FLINT GROUP EUR TL B 10 60 50 500%
2 ADVANTAGE SALES TL B 36 61 25 69%
3 MCDERMOTT TL B 24 48 24 100%
4 4L TECHNOLOGIES INC. TL B 0 23 23 N/A
5 CALPINE CORP TL B5 42 65 23 55%
6 SOLERA TL B 38 61 23 61%
7 KINDERCARE LEARNING CENTER TL 16 38 22 138%
8 MCGRAW-HILL GLOBAL TL 34 54 20 59%
9 CAESARS ENTERTAINMENT TL 46 66 20 43%
10 BAUSCH HEALTH COMPANIES INC. TL B 43 62 19 44%
  • Exhibits the loans with the largest increase in quote volume for the week ending 7/5/19 vs. the week ending 7/12/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 BRAND ENERGY TL 13
2 US SILICA CO TL B 12
3 ABC SUPPLY TL B 12
4 MACDONALD DETTWILER TL B 11
5 EPHIOS BONDCO EUR TL B 11
6 COMMERCIAL BARGE TL B 11
7 SKILLSOFT EXT TL 11
8 MONITRONICS TL B2 11
9 BLACKBOARD TL B4 10
10 SMS SYSTEMS TL 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 7/5/19 - 7/12/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 7/5/19 - 7/12/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 7/5/19 - 7/12/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes

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.