Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 7/27/18

Michael Pellerito, July 30, 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 20th - Friday, July 27th.  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 PREZZO PLC GBP TL 10.50% 69.62 63.00
2 AMERICAN TIRE TL B 6.92% 68.81 64.36
3 CATALINA MARKETING 2ND LIEN TL 3.80% 25.69 24.75
4 EASTMAN KODAK EXIT TL 1.90% 97.32 95.50
5 ALERIS TL 1.35% 100.71 99.37
6 SEADRILL PARTNERS LLC EXT TL B 0.90% 92.82 92.00
7 WORLDSTRIDES TL 0.89% 100.38 99.50
8 STADA ARZNEIMITTEL EUR TL C 0.84% 99.38 98.55
9 NETS HOLDING EXT EUR TL B 0.78% 99.87 99.10
10 GENERAC POWER TL B 0.61% 99.81 99.21
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 7/20/18 - 7/27/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 RENTPATH 2ND LIEN TL -4.70% 82.19 86.24
2 AIR METHODS TL -1.35% 92.13 93.38
3 MONITRONICS TL -1.31% 93.48 94.72
4 FLAKT WOODS EUR TL B -1.04% 87.20 88.11
5 VERITAS TL B1 -0.69% 92.58 93.22
6 ACADEMY SPORTS TL B -0.64% 82.27 82.80
7 NIELSEN FINANCE TL B -0.43% 99.51 99.93
8 NUMERICABLE EUR TL B11 -0.38% 96.19 96.56
9 NEIMAN MARCUS TL B -0.31% 88.18 88.45
10 UNILABS EUR TL B -0.22% 98.00 98.22
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 7/20/18 - 7/27/18
 
 Avg Bid PX By Sector
 
  • Displays the average loan bid price by sector for the period between 7/20/18 - 7/27/18
    • 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 7/20/18 - 7/27/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 FORTERRA TL 46 73 27 59%
2 HARBOURVEST TL B 6 28 22 367%
3 BMC SOFTWARE EUR TL B 6 26 20 333%
4 BMC SOFTWARE TL B 51 68 17 33%
5 NUMERICABLE TL B13 8 24 16 200%
6 IMS HEALTH EUR TL B2 4 19 15 375%
7 HB FULLER TL B 52 66 14 27%
8 ABC SUPPLY TL B 50 64 14 28%
9 ALLFLEX TL B 24 38 14 58%
10 NETS HOLDING EXT EUR TL B 24 38 14 58%
  • Exhibits the loans with the largest increase in quote volume for the week ending 7/20/18 vs. the week ending 7/27/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 10
2 MISYS TL B 9
3 SS&C TECH TL B3 9
4 INEOS FIN TL B 9
5 UPC TL 9
6 SOLARWINDS TL 8
7 TRAVELPORT TL B 8
8 TRANSDIGM INC TL F 8
9 RIVERBED TL B 8
10 INFOR TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 7/20/18 - 7/27/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 7/20/18 - 7/27/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 7/20/18 - 7/27/18
    • 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.