Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 5/18/18

Michael Pellerito, May 21, 2018

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, May 11th - Friday, May 18th.  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 CATALINA MARKETING TL B 7.69% 66.90 62.12
2 TENSAR 2ND LIEN TL 7.12% 87.64 81.81
3 PREMIER OIL TL 4.50% 88.58 84.77
4 HEALOGICS EXT TL B 3.92% 92.00 88.54
5 HARVEY GULF TL B 2.71% 40.42 39.35
6 CENGAGE TL 2.54% 90.95 88.70
7 JCREW TL B 2.52% 76.47 74.59
8 CHUCK E CHEESE TL B 2.09% 93.15 91.24
9 SEADRILL PARTNERS LLC EXT TL B 1.93% 89.16 87.47
10 SYNCREON GROUP BV TL B 1.62% 93.55 92.06
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 5/11/18 - 5/18/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 ANCHOR GLASS 2ND LIEN TL -6.86% 88.00 94.48
2 DAYTON SUPERIOR TL -4.95% 80.84 85.05
3 NBTY TL -4.62% 84.78 88.88
4 CTI FOODS TL -4.31% 85.37 89.22
5 ANCHOR GLASS TL B -3.73% 93.49 97.12
6 SERTA SIMMONS 2ND LIEN TL -2.92% 77.56 79.89
7 AMERICAN TIRE TL B -2.35% 85.71 87.77
8 TOYS R US PROPCO TL B -2.22% 80.43 82.26
9 GNC TL B -2.21% 95.36 97.51
10 EPIC HEALTH TL B -1.90% 95.75 97.61
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between  5/11/18 - 5/18/18
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 5/11/18 - 5/18/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Sentiment - Advancers vs. Decliners
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 5/11/18 - 5/18/18

 

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

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 STADA ARZNEIMITTEL EUR TL B1 26 61 35 135%
2 STADA ARZNEIMITTEL GBP TL B1 16 42 26 163%
3 AVOLON TL B3 29 52 23 79%
4 CALPINE CORP TL B6 24 46 22 92%
5 LANDRY'S TL B 39 61 22 56%
6 GTT COMMUNICATIONS TL B 30 50 20 67%
7 HILTON TL B2 20 38 18 90%
8 FLAKT WOODS EUR TL B 28 46 18 64%
9 FLINT GROUP EUR TL B 48 66 18 38%
10 EMI GROUP TL B 40 57 17 43%
  • Exhibits the loans with the largest increase in quote volume for the week ending 5/11/18 vs. the week ending 5/18/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 FORTERRA TL 9
2 DELL TL B 9
3 TRANSDIGM INC TL F 9
4 INEOS FIN TL B 9
5 COMMERCIAL BARGE TL 8
6 INFOR TL B 8
7 BMC SOFTWARE TL B1 8
8 ZAYO TL B2 8
9 GARDNER DENVER TL B 8
10 NTL CABLE PLC TL K 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 5/11/18 - 5/18/18

 

Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 5/11/18 - 5/18/18

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 5/11/18 - 5/18/18
    • 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.