Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 6/23/17

Michael Pellerito, June 26, 2017

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 16th - Friday, June 23rd.  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 PARADIGM 2ND LIEN TL 13.70% 74.42 65.45
2 PARADIGM TL B 6.82% 85.60 80.13
3 SYNCHRONOSS TECHNOLOGIES TL 4.43% 97.11 92.99
4 CROSBY 2ND LIEN TL 2.77% 82.00 79.79
5 LIGHTSQUARED EXIT 2ND LIEN TL 2.57% 70.98 69.20
6 GNC TL B 2.41% 92.34 90.17
7 THT HEAT TRANSFER TL B 1.88% 87.98 86.36
8 ENDEMOL TL 1.56% 91.39 89.99
9 TENSAR TL 1.38% 92.64 91.38
10 EVERGREEN ACQCO 1 LP TL C 1.36% 91.33 90.10
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/16/17 - 6/23/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 GYMBOREE TL B -18.14% 35.69 43.59
2 CATALINA MARKETING TL B -9.17% 82.48 90.80
3 SEADRILL PARTNERS LLC EXT TL B -5.53% 62.13 65.76
4 LANDS END TL B -4.57% 80.34 84.19
5 STENA TL B  -4.44% 86.36 90.37
6 ACADEMY SPORTS TL B -4.00% 78.84 82.13
7 BJ'S 2ND LIEN TL -3.00% 96.98 99.99
8 PETSMART TL B -2.46% 90.62 92.91
9 DAVID'S BRIDAL TL B -2.38% 76.05 77.90
10 NEIMAN MARCUS TL B -2.22% 75.32 77.03
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/16/17 - 6/23/17
 
Average Bid Price by Sector v3.png
  • Displays the average loan bid price by sector for the period between 6/16/17 - 6/23/17
    • 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 6/16/17 - 6/23/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 AXALTA COATING SYSTEMS TL 36 88 52 144%
2 DELL TL B 77 117 40 52%
3 SEAWORLD TL B5 56 92 36 64%
4 SYNCHRONOSS TECHNOLOGIES TL 29 59 30 103%
5 TRONOX PIGMENTS TL B 60 90 30 50%
6 BRAND ENERGY TL B 38 68 30 79%
7 AMERICAN AIRLINES TL B 47 77 30 64%
8 HARGRY TL 27 56 29 107%
9 FEDERAL-MOGUL TL C 31 59 28 90%
10 FORMULA ONE TL B 80 107 27 34%
  • Exhibits the loans with the largest increase in quote volume for the week ending 6/16/17 vs. the week ending 6/23/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ELLUCIAN / SOPHIA TL B 10
2 DELL TL B 10
3 COMMUNITY HEALTH TL H 9
4 INFORMATICA TL B 9
5 GRIFOLS WORLDWIDE TL B 9
6 INFOR TL B 9
7 INEOS FIN TL B 9
8 FORMULA ONE TL B 9
9 AXALTA COATING SYSTEMS TL 9
10 COMMUNITY HEALTH TL G 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/16/17 - 6/23/17

 

Bid Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 6/16/17 - 6/23/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 6/16/17 - 6/23/17
    • 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.