Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 6/14/19

Michael Pellerito, June 17, 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, June 7th - Friday, June 14th.  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 SKILLSOFT EXT 2ND LIEN TL 11.06% 35.00 31.51
2 DONCASTERS EXT TL B 7.14% 79.81 74.50
3 BEACON HEALTH TL 4.86% 99.91 95.29
4 ADVANTAGE SALES TL B 3.75% 89.91 86.66
5 BELK TL B 2.60% 81.15 79.09
6 TEAM HEALTH TL 2.58% 92.00 89.68
7 HUDSON'S BAY TL B 1.96% 99.75 97.83
8 UNIVERSAL SERVICES TL 1.53% 99.84 98.33
9 VYAIRE MEDICAL TL B 1.43% 90.62 89.34
10 DIVERSEY EUR TL 1.43% 91.02 89.74
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/7/19 - 6/14/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
ASCENA RETAIL TL B -9.59% 75.46 83.46
CEVA GROUP TL B -6.69% 88.25 94.58
JO-ANN STORES TL B -5.52% 91.56 96.92
AT HOME STORES TL B -4.08% 90.62 94.47
FLINT GROUP 2ND LIEN TL -3.69% 78.91 81.93
SEADRILL PARTNERS LLC EXT TL B -3.12% 73.54 75.91
BASS PRO SHOPS TL B -3.08% 93.11 96.07
DITECH EXIT TL B -2.47% 53.98 55.35
HEALOGICS EXT TL B -2.47% 82.77 84.87
10  OBERTHUR TECHNOLOGIES SA EUR TL B1 -2.32% 97.32 99.63
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/7/19 - 6/14/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 6/7/19 - 6/14/19
    • 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 6/7/19 - 6/14/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DIVERSEY TL 41 68 27 66%
2 INEOS FIN EUR TL B 56 78 22 39%
3 PREMIER OIL REV 8 30 22 275%
4 KLOECKNER EUR TL B 26 46 20 77%
5 THOM EUROPE EUR TL B 20 40 20 100%
6 XELLA INTERNATIONAL GMBH EUR TL B 28 47 19 68%
7 AI SIRONA LUXEMBOURG ACQUISITION SARL EUR TL B 56 75 19 34%
8 AKZONOBEL SPECIALTY CHEMICALS TL B 40 59 19 48%
9 AZELIS EUR TL B1 18 37 19 106%
10 BMC SOFTWARE EUR TL B 40 59 19 48%
  • Exhibits the loans with the largest increase in quote volume for the week ending 6/7/19 vs. the week ending 6/14/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ACOSTA TL B 12
2 AMEDEO MSN 157 EUR TL B 12
3 COMMERCIAL BARGE TL B 11
4 JCREW TL B 11
5 MONITRONICS TL B2 10
6 MACDONALD DETTWILER TL B 10
7 MISYS EUR TL B 10
8 WEBHELP EUR TL B2 10
9 SIGMA BIDCO TL B 10
10 AMMERAAL BELTECH EUR TL B 10
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/7/19 - 6/14/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 6/7/19 - 6/14/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 6/7/19 - 6/14/19
    • 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.