Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 3/6/20

Michael Pellerito, March 09, 2020

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Our weekly newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.

  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 PROGREXION TL 11.02% 53.28 47.99
2 GIVE & GO TL B 1.55% 99.77 98.25
3 CROSSMARK TL 1.18% 95.40 94.30
4 ALVOGEN TL B 1.07% 94.29 93.30
5 EQUITRANS MIDSTREAM TL B 1.04% 99.15 98.13
6 HEALOGICS EXT TL B 0.83% 77.33 76.69
7 ARRAY CANADA TL B 0.58% 72.49 72.08
8 AKORN TL B 0.51% 96.75 96.26
9 DUPAGE MEDICAL GROUP 2ND LIEN TL 0.49% 97.43 96.95
10 CATALINA MARKETING EXIT TL 0.46% 75.34 75.00
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 2/28/20 - 3/6/20
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
WINDSTREAM SERVICES LLC TL B6 -21.06% 74.38 94.23
2 TRAVELPORT 2ND LIEN TL -15.82% 68.61 81.50
PEABODY ENERGY TL B -14.71% 67.55 79.20
PHILADELPHIA ENERGY TL B -13.50% 32.19 37.22
VIVID SEATS TL -11.47% 85.01 96.03
AMC ENTERTAINMENT TL B1 -10.56% 88.17 98.58
LSC COMMUNICATIONS TL B -10.52% 59.69 66.71
AUDIO VISUAL TL B -9.63% 89.84 99.41
KCA DEUTAG TL B -9.25% 62.36 68.71
10  CALIFORNIA RESOURCES TL -8.98% 52.47 57.65
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 2/28/20 - 3/6/20
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 2/28/20 - 3/6/20
    • 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) between 2/28/20 - 3/6/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 NTL CABLE PLC EUR TL O 16 30 14 88%
2 GTT COMMUNICATIONS EUR TL B 8 21 13 163%
3 IFCO EUR TL B 10 22 12 120%
4 FRONERI TL B 4 16 12 300%
5 NTL CABLE PLC GBP TL L 16 28 12 75%
6 JBS USA TL B 33 45 12 36%
7 BOLUDA TOWAGE EUR TL B1 20 32 12 60%
8 MACDERMID TL B 17 28 11 65%
9 NTL CABLE PLC GBP TL M 17 28 11 65%
10 MKS INSTRUMENTS TL B6 18 28 10 56%
  • Exhibits the loans with the largest increase in quote volume for the week ending 2/28/20 vs. the week ending 3/6/20
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 17
2 SIGMA BIDCO EUR TL B 16
3 HARLAND CLARKE TL B7 16
4 SEADRILL PARTNERS LLC EXT TL B 15
5 ELSAN GROUPE EUR TL B 15
6 WEBHELP EUR TL B 15
7 HOMEVI EUR TL B 15
8 SERTA SIMMONS TL 14
9 DORNA SPORTS EUR TL B 14
10 ETHYPHARM EUR TL B 14
  • Ranks the loans that were quoted by the highest number of dealers between 2/28/20 - 3/6/20

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 2/28/20 - 3/6/20

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 2/28/20 - 3/6/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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