Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 6/22/18

Michael Pellerito, June 25, 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 15th - Friday, June 22nd.  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 BLACKBOARD TL B4 2.47% 94.61 92.32
2 AMERICAN TIRE TL B 1.42% 88.35 87.11
3 GULF FINANCE TL B 1.40% 86.92 85.72
4 ACADEMY SPORTS TL B 0.62% 83.11 82.59
5 SEADRILL PARTNERS LLC EXT TL B 0.55% 88.65 88.17
6 TIERPOINT TL 0.54% 98.17 97.65
7 ASCENA RETAIL TL B 0.52% 88.46 88.00
8 NBTY TL 1.90% 94.23 92.47
9 TNT CRANE TL 0.24% 96.09 95.86
10 GENESYS TELECOMMUNICATIONS EUR TL B 0.16% 100.47 100.31
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/15/18 - 6/22/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 ACOSTA TL B -7.71% 76.47 82.85
2 CATALINA MARKETING 2ND LIEN TL -3.30% 25.63 26.50
3 SGB-SMIT EUR TL B -3.22% 87.66 90.58
4 RENTPATH TL -3.16% 90.20 93.15
5 SMS SYSTEMS TL -2.83% 79.24 81.54
6 BLACKHAWK MINING TL B1 -2.54% 71.00 72.85
7 ASURION 2ND LIEN TL -1.20% 100.54 101.76
8 DOUGLAS DYNAMICS EUR TL B1 -2.16% 90.53 92.53
9 DIGICEL TL -1.69% 97.13 98.80
10 AIR METHODS TL -1.57% 96.48 98.01
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/15/18 - 6/22/18
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 6/15/18 - 6/22/18
    • 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 6/15/18 - 6/22/18

 

TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DOUGLAS DYNAMICS TL B 17 42 25 147%
2 ON SEMI TL B 34 54 20 59%
3 SGB-SMIT EUR TL B 39 55 16 41%
4 ASHLAND GLOBAL TL B 10 26 16 160%
5 SIVANTOS TL B 21 36 15 71%
6 ODYSSEY LOGISTICS & TECHNOLOGY TL 8 22 14 175%
7 INFORMATICA EUR TL B 24 38 14 58%
8 FRONERI EUR TL B 42 56 14 33%
9 HES BEHEER NV EUR TL B 16 30 14 88%
10 EPIQ SYSTEMS TL B 32 45 13 41%
  • Exhibits the loans with the largest increase in quote volume for the week ending 6/15/18 vs. the week ending 6/22/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ALLISON TRANSMISSION TL B 9
2 PETCO TL B 8
3 INFOR TL B 8
4 CEVA SANTE ANIMALE EUR TL B 8
5 UPC TL 8
6 SPRINGER NATURE TL B13 8
7 NTL CABLE PLC TL K 8
8 GENESYS TELECOMMUNICATIONS TL B 8
9 COOPER STANDARD TL B 8
10 SOLERA TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/15/18 - 6/22/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 6/15/18 - 6/22/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 6/15/18 - 6/22/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

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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.