Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 6/30/17

Michael Pellerito, July 03, 2017

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, June 23rd - Friday, June 30th.  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)

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TOP 10 WINNERS
Rank Loan Chg Price Price - 1W
1 HC STARCK 2ND LIEN TL 19.70% 83.79 70.00
2 HC STARCK 2ND LIEN EUR TL 11.40% 80.24 72.03
3 MURRAY ENERGY TL B3 3.83% 97.73 94.12
4 MURRAY ENERGY TL B2 2.95% 97.79 94.99
5 SEADRILL PARTNERS LLC EXT TL B 2.63% 63.76 62.13
6 CATALINA MARKETING TL B 2.51% 84.55 82.48
7 PETSMART TL B 2.39% 92.78 90.62
8 SAVERS TL C 2.11% 93.26 91.33
9 ENDEMOL GBP TL 2.05% 91.84 89.99
10 FCC ENVIRONMENT (UK) LTD GBP TL B 2.04% 91.98 90.14
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/23/17 - 6/30/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1  FULLBEAUTY TL  -7.30%  61.46  66.30
2  LONGVIEW POWER EXIT TL B  -6.46% 70.57  75.44 
3  BLACKHAWK MINING TL -5.57%  85.09  90.11 
4  GYMBOREE TL B -4.62%  34.04  35.69 
5  TOYS R US TL B3 -2.85%  92.11  94.82 
6  TOYS R US EXT TL B2 -2.85%  92.11  94.82 
7  FAIRMOUNT SANTROL TL B1 -2.72%  94.29  96.93 
8  FAIRMOUNT SANTROL TL B2 -2.57%  94.29  96.77 
9  AMF BOWLMOR 2ND LIEN TL -2.13%  100.32  102.50 
10  PHOTOBOX EUR TL B  -1.67% 96.34  97.97 
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/23/17 - 6/30/17
 
Average Bid by Sector.png
  • Displays the average loan bid price by sector for the period between 6/23/17 - 6/30/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
 Sentiment.png
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 6/23/17 - 6/30/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ENDEMOL TL 44 92 48 109%
2 QUORUM HEALTH CORP TL 52 98 46 88%
3 ZIGGO TL E 57 102 45 79%
4 NORD ANGLIA EDUCATION FINANC TL 0 44 44 N/A
5 COMMUNITY HEALTH TL H 60 102 42 70%
6 AXALTA COATING SYSTEMS TL 66 107 41 62%
7 GRIFOLS WORLDWIDE TL B 62 103 41 66%
8 PROTECTION1 TL B 10 51 41 410%
9 VALEANT PHARMACEUTICALS TL F3 54 95 41 76%
10 VERITAS TL B1 11 51 40 364%
  • Exhibits the loans with the largest increase in quote volume for the week ending 6/23/17 vs. the week ending 6/30/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ZIGGO TL E 9
2 WEX MED CORP TL B 9
3 BERRY PLASTICS TL I 9
4 GRIFOLS WORLDWIDE TL B 9
5 JCREW TL B 8
6 PETCO TL B 8
7 GYMBOREE TL B 8
8 COMMUNITY HEALTH TL G 8
9 COMMUNITY HEALTH TL H 8
10 GARDNER DENVER TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/23/17 - 6/30/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 6/23/17 - 6/30/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 6/23/17 - 6/30/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 

If you would like to evaluate our real-time composite pricing and the SolveQuotes platform:

 Request a Free Trial

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.