Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 7/20/18

Michael Pellerito, July 23, 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 13th - Friday, July 20th.  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 AMERICAN TIRE TL B 5.30% 64.36 61.12
2 DEL MONTE FOODS CO TL 4.15% 86.47 83.03
3 COMMERCIAL BARGE TL 3.70% 73.03 70.43
4 ACOSTA TL B 3.28% 77.99 75.52
5 SKILLSOFT EXT 2ND LIEN TL 1.89% 85.49 83.90
6 CSM N V 2ND LIEN TL 1.86% 93.75 92.04
7 AMEOS EUR TL B 1.51% 100.25 98.76
8 VF HOLDINGS CORP 2ND LIEN TL 1.09% 101.09 100.00
9 RGIS TL 0.96% 94.11 93.21
10 DOUGLAS DYNAMICS EUR TL B3 0.86% 86.23 85.50
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 7/13/18 - 7/20/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 FLAKT WOODS EUR TL B -5.16% 88.11 92.91
2 SALLY BEAUTY TL B1 -2.66% 97.34 100.01
3 MONTREIGN RESORT CASINO TL -1.80% 95.25 97.00
4 NAVIOS MARITIME TL -1.60% 96.68 98.25
5 SMS SYSTEMS TL -1.48% 76.99 78.14
6 NUMERICABLE TL B12 -1.04% 96.44 97.45
7 LANNETT CO INC TL A -0.99% 98.76 99.75
8 ALTRAN TL B -0.89% 98.78 99.66
9 MONITRONICS TL -0.81% 94.72 95.50
10 ALTICE FINANCING TL B -0.81% 97.42 98.21
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 7/13/18 - 7/20/18
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 7/13/18 - 7/20/18
    • 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 7/13/18 - 7/20/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 STARS GROUP TL B 8 49 41 513%
2 TRANSUNION TL B2 10 30 20 200%
3 REYNOLDS GROUP TL B 52 70 18 35%
4 MURRAY ENERGY TL B2 15 33 18 120%
5 NEXSTAR BROADCASTING TL B 10 28 18 180%
6 CINEWORLD TL B 69 87 18 26%
7 ALLISON TRANSMISSION TL B 75 90 15 20%
8 BMC SOFTWARE TL B 37 51 14 38%
9 HELP SYSTEMS TL  10 24 14 140%
10 SS&C TECH TL B4 44 58 14 32%
  • Exhibits the loans with the largest increase in quote volume for the week ending 7/13/18 vs. the week ending 7/20/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 9
2 INFOR TL B 8
3 EIRCOM FDG EUR TL B6 8
4 APPLIED SYSTEMS TL B 8
5 ALLISON TRANSMISSION TL B 8
6 INEOS FIN TL B 8
7 CINEWORLD TL B 8
8 AXALTA COATING SYSTEMS TL B 8
9 BMC SOFTWARE TL B 8
10 SKILLSOFT EXT TL 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 7/13/18 - 7/20/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 7/13/18 - 7/20/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 7/13/18 - 7/20/18
    • 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.