Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 7/26/19

Michael Pellerito, July 29, 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, July 19th - Friday, July 26th.  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 GNC EXT TL B 5.59% 94.97 89.94
2 ONE CALL EXT TL B 2.93% 86.98 84.51
3 SERTA SIMMONS TL 2.02% 68.45 67.09
4 DIEBOLD TL A 1.88% 97.20 95.40
5 DOUGLAS HOLDING EUR TL B1 1.88% 86.69 85.09
6 JCREW TL B 1.86% 90.20 88.55
7 DEL MONTE TL 1.80% 77.40 76.03
8 KLOECKNER TL B 1.64% 90.23 88.78
9 BOYD CORP TL B 1.36% 96.29 95.00
10 DIVERSITECH TL B 1.16% 97.46 96.37
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 7/19/19 - 7/26/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
INDRA HOLDINGS TL B -23.66% 31.66 41.47
SYNCREON TL B -12.33% 48.34 55.14
RENTPATH TL -6.17% 52.64 56.10
DONCASTERS EXT TL B -3.86% 76.87 79.95
JO-ANN STORES 2ND LIEN TL -3.69% 81.97 85.11
SOUTHERN GRAPHICS TL B -3.06% 80.84 83.39
MALLINCKRODT TL B -2.49% 84.97 87.14
SEADRILL PARTNERS LLC EXT TL B -2.09% 64.89 66.28 
LIBBEY GLASS TL B -1.93% 77.03 78.55
10  HERA EUR TL -1.41% 96.13 97.50
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 7/19/19 - 7/26/19
 
 Avg PX By Sector
  • Displays the average loan bid price by sector for the period between 7/19/19 - 7/26/19
    • 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 7/19/19 - 7/26/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DOLE FOOD TL B 30 57 27 90%
2 BLACKBOARD TL B4 28 54 26 93%
3 TECHEM GMBH EUR TL B 6 32 26 433%
4 VIRTU FINANCIAL TL B 8 32 24 300%
5 ASURION TL B6 44 68 24 55%
6 MEDICAL DEPOT TL 8 32 24 300%
7 NTL CABLE PLC TL K 52 75 23 44%
8 ELEMENT MATERIALS TL B 14 37 23 164%
9 ASURION TL B7 44 66 22 50%
10 SUMMIT MATERIALS TL B 24 46 22 92%
  • Exhibits the loans with the largest increase in quote volume for the week ending 7/19/19 vs. the week ending 7/26/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 FRONERI EUR TL B 12
2 COMMERCIAL BARGE TL B 10
3 COTY EUR TL B 10
4 VANTIV INC TL B4 10
5 ULTRA PETROL CORP EXIT TL 9
6 LUMILEDS DD TL 9
7 INTERNET BRANDS TL 9
8 VANTIV INC TL A5 9
9 APLEONA GMBH EUR TL B 9
10 JCREW TL B 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 7/19/19 - 7/26/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 7/19/19 - 7/26/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 7/19/19 - 7/26/19
    • 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.