Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 6/21/19

Michael Pellerito, June 24, 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 14th - Friday, June 21th.  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 LINER FOODS TL B 4.46% 92.72 88.76
2 MACDONALD DETTWILER TL B 2.56% 89.77 87.54
3 WEST CORP TL B 2.35% 93.45 91.30
4 NATIONAL VET TL B 2.05% 99.87 97.86
5 PACIFIC GAS AND ELECTRIC COMPANY DIP REV 2.01% 94.99 93.12
6 DONCASTERS GBP TL C 1.89% 79.04 77.58
7 CASA SYSTEMS TL 1.32% 93.39 92.17
8 KEANE GROUP HOLDINGS TL B 1.24% 98.53 97.32
9 PIXELLE SPECIALTY SOLUTIONS TL B 1.18% 98.21 97.06
10 MICRO FOCUS TL B 0.89% 98.75 97.88
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/14/19 - 6/21/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
ASCENA RETAIL TL B -12.01% 66.40 75.46
MURRAY ENERGY TL B2 -10.15% 67.92 75.59
DITECH EXIT TL B -9.24% 49.00 53.98
SERTA SIMMONS 2ND LIEN TL -5.79% 44.91 47.67
ONE CALL EXT TL B -3.91% 81.24 84.55
GAVILAN RESOURCES 2ND LIEN TL -3.16% 60.70 62.68
SYNCREON GROUP BV TL B -3.03% 58.38 60.20
MITEL NETWORKS TL -2.93% 95.27 98.14
UNIMIN CORP TL -2.52% 80.34 82.42
10  SEADRILL PARTNERS LLC EXT TL B -2.33% 71.83 73.54
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/14/19 - 6/21/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector for the period between 6/14/19 - 6/21/19
    • 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 6/14/19 - 6/21/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 INTEL EUR TL 16 46 30 188%
2 HARBOR FREIGHT TL B 46 70 24 52%
3 UNIMIN CORP TL 44 68 24 55%
4 VERISURE MIDHOLDING AB EUR TL B1 59 83 24 41%
5 STARS GROUP TL B 60 78 18 30%
6 AHLSELL EXT EUR TL B2 38 56 18 47%
7 AMEDEO MSN 157 EUR TL B 42 60 18 43%
8 BARRACUDA TL 0 17 17 N/A
9 FINANCIAL & RISK US HOLDINGS INC EUR TL B 51 68 17 33%
10 MISYS EUR TL B 41 58 17 41%
  • Exhibits the loans with the largest increase in quote volume for the week ending 6/14/19 vs. the week ending 6/21/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 NEIMAN MARCUS PIK TL 13
2 ACOSTA TL B 12
3 AMEDEO MSN 157 EUR TL B 11
4 AIR METHODS TL 10
5 COMMERCIAL BARGE TL B 10
6 INTEL EUR TL 10
7 JCREW TL B 9
8 SERTA SIMMONS 2ND LIEN TL 9
9 GRANITE ACQUISITION TL B 9
10 FIRST DATA CORP TL A 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/14/19 - 6/21/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 6/14/19 - 6/21/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 6/14/19 - 6/21/19
    • 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.