Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 7/13/18

Michael Pellerito, July 16, 2018

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, July 6th- Friday, July 13th.  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 ECO-BAT PIK EUR TL 3.69% 36.82 35.51
2 VERITAS TL B1 3.59% 94.87 91.58
3 SHERIDAN PRODUCTION PARTNERS I TL B2 1.66% 88.95 87.50
4 EASTMAN KODAK EXIT TL 1.63% 95.24 93.72
5 HEALOGICS EXT TL B 1.47% 93.35 92.00
6 BELK TL B 1.36% 78.00 76.95
7 JCREW TL B 1.17% 84.24 83.27
8 CENGAGE TL 0.94% 92.47 91.60
9 ST. GEORGE LOGISTICS TL B 0.82% 100.32 99.50
10 HUDSON'S BAY TL B 0.75% 93.70 93.00
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 7/6/18 - 7/13/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 AMERICAN TIRE TL B -3.41% 61.12 63.28
2 LONGVIEW POWER EXIT TL B -2.30% 85.00 87.00
3 AIR METHODS TL -2.26% 93.29 95.45
4 SLV GROUP GMBH EUR TL B -2.16% 90.58 92.58
5 DOUGLAS DYNAMICS EUR TL B8 -1.85% 85.51 87.12
6 LUCID ENERGY TL B -1.77% 96.76 98.50
7 CSM N V 2ND LIEN TL -1.03% 92.04 93.00
8 REVLON TL B -0.88% 75.49 76.17
9 KLOECKNER EUR TL B -0.83% 92.78 93.56
10 PDC BRANDS TL B -0.62% 99.75 100.37
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 7/6/18 - 7/13/18
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 7/6/18 - 7/13/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Sentiment
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 7/6/18 - 7/13/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DELL TL B 57 92 35 61%
2 SBA COMMUNICATIONS CORP TL B 28 63 35 125%
3 GO DADDY DD TL 31 65 34 110%
4 AMERICAN ENERGY MARCELLUS EXIT TL 10 40 30 300%
5 ON SEMI TL B 30 60 30 100%
6 INTEL TL 28 56 28 100%
7 SKILLSOFT EXT TL 31 59 28 90%
8 ACOSTA TL B 14 42 28 200%
9 AVAYA TL B 8 36 28 350%
10 FEDERAL-MOGUL TL C 20 48 28 140%
  • Exhibits the loans with the largest increase in quote volume for the week ending 7/6/18 vs. the week ending 7/13/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 9
2 COMMUNITY HEALTH TL G 9
3 INFOR TL B 8
4 GENESYS TELECOMMUNICATIONS TL B 8
5 TRAVELPORT TL B 8
6 ALLISON TRANSMISSION TL B 8
7 NTL CABLE PLC TL K 8
8 JAGUAR HOLDING CO I TL 8
9 WEST CORP TL B 8
10 ELLUCIAN / SOPHIA TL B 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 7/6/18 - 7/13/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 7/6/18 - 7/13/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 7/6/18 - 7/13/18
    • 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.