Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 7/6/18

Michael Pellerito, July 09, 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, June 29th- Friday, July 6th.  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 DEOLEO EUR TL B 4.86% 74.66 71.20
2 INDEPENDENT CLINICAL SERVI GBP TL B 2.75% 98.22 95.59
3 SEADRILL PARTNERS LLC EXT TL B 2.38% 91.74 89.61
4 SGB-SMIT EUR TL B 1.11% 89.24 88.26
5 IPC SYSTEMS TL B 1.02% 98.00 97.01
6 ASURION 2ND LIEN TL 0.82% 101.39 100.56
7 LIFE TIME TL B 0.73% 100.24 99.51
8 PETCO TL B 0.57% 72.06 71.65
9 WENCOR GROUP 2ND LIEN TL 0.53% 96.00 95.49
10 ACCUVANT TL B 0.43% 97.44 97.02
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/29/18 - 7/6/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 DOUGLAS DYNAMICS TL B -4.41% 87.51 91.54
2 CATALINA MARKETING 2ND LIEN TL -2.42% 24.06 24.65
3 REVLON TL B -1.89% 76.17 77.64
4 AMERICAN TIRE TL B -1.53% 63.28 64.26
5 KALLE EUR TL -1.17% 87.94 88.98
6 FLINT GROUP EUR TL B -0.99% 95.03 95.99
7 AMEOS EUR TL B -0.85% 99.15 100.00
8 KINOVE EUR TL B -0.78% 97.55 98.31
9 INVICTUS 2ND LIEN TL -0.76% 99.77 100.54
10 KLOECKNER EUR TL B -0.72% 93.56 94.23
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/29/18 - 7/6/18
 
 Avg Big PX by Sector
 
  • Displays the average loan bid price by sector for the period between 6/29/18 - 7/6/18
    • 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 6/29/18 - 7/6/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DEOLEO EUR TL B 6 40 34 567%
2 CEVA GROUP TL B 8 27 19 238%
3 CARIBE EUR TL B 22 38 16 73%
4 TECTUM HOLDINGS INC TL 2 17 15 750%
5 TELENET TL A 42 56 14 33%
6 BWAY HOLDING TL 0 13 13 N/A
7 ALL 3 MEDIA GBP TL B 24 36 12 50%
8 DOUGLAS DYNAMICS TL B 32 44 12 38%
9 TIPICO EUR TL B 42 54 12 29%
10 HSN INC DEL EUR TL B 24 34 10 42%
  • Exhibits the loans with the largest increase in quote volume for the week ending 6/29/18 vs. the week ending 7/6/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ACOSTA TL B 11
2 COMMUNITY HEALTH TL G 9
3 DTZ TL B 9
4 AVANTOR TL 8
5 NTL CABLE PLC TL K 8
6 UPC TL 8
7 SOLERA TL B 7
8 CLUB CORP TL B 7
9 DELL TL B 7
10 SPRINGER NATURE TL B13 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/29/18 - 7/6/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 6/29/18 - 7/6/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 6/29/18 - 7/6/18
    • 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.