Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 5/25/18

Michael Pellerito, May 29, 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, May 18th - Friday, May 25th.  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 LONGVIEW POWER EXIT TL B 4.08% 87.49 84.06
2 AENOVA 2ND LIEN EUR TL 3.96% 90.73 87.28
3 LIGHTSQUARED EXIT 2ND LIEN TL 2.13% 26.27 25.72
4 HARVEY GULF TL A 1.93% 41.28 40.50
5 DAVID'S BRIDAL TL B 1.16% 88.31 87.29
6 PETCO TL B 1.02% 69.99 69.29
7 TNT CRANE TL 0.97% 95.27 94.36
8 IHEART TL D 0.76% 78.61 78.02
9 COMDATA SPA EUR TL B 0.69% 100.24 99.55
10 DUEMMEN ORANGE EUR TL 0.65% 93.00 92.40
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 5/18/18 - 5/25/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 PHILLIPS PET TL -4.93% 59.90 63.00
2 DAYTON SUPERIOR TL -3.02% 78.40 80.84
3 MRP GENERATION HOLDINGS LLC TL B -2.73% 93.05 95.66
4 JC PENNEY TL B -2.38% 94.70 97.01
5 SKILLSOFT EXT 2ND LIEN TL -1.96% 81.25 82.88
6 NBTY 2ND LIEN TL -1.40% 72.00 73.02
7 FLOATEL TL B -1.15% 85.00 85.99
8 SLV GROUP GMBH EUR TL B -1.09% 94.12 95.16
9 SMS SYSTEMS TL -1.03% 82.74 83.60
10 MOHEGAN TL B -1.03% 98.50 97.61
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between  5/18/18 - 5/25/18
 
 Average Bid PX By Sector
 
  • Displays the average loan bid price by sector for the period between 5/18/18 - 5/25/18
    • 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 5/18/18 - 5/25/18

 

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

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 HB FULLER TL B 36 60 24 67%
2 APLEONA GMBH EUR TL B 20 38 18 90%
3 KINOVE EUR TL B 13 30 17 131%
4 ION TRADING EUR TL B 20 36 16 80%
5 ALTICE FINANCING EUR TL B 23 39 16 70%
6 APLEONA GMBH GBP TL B 16 30 14 88%
7 COTY EUR TL B 20 34 14 70%
8 NORD ANGLIA EDUCATION FINANC EUR TL B 30 44 14 47%
9 PROAMPAC 2ND LIEN TL 4 18 14 350%
10 STENA TL B 24 38 14 58%
  • Exhibits the loans with the largest increase in quote volume for the week ending 5/18/18 vs. the week ending 5/25/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ALLISON TRANSMISSION TL B 12
2 ABC SUPPLY TL B 10
3 VALEANT PHARMACEUTICALS TL F 9
4 DEL MONTE FOODS CO TL 9
5 SEADRILL PARTNERS LLC EXT TL B 9
6 AMERICAN TIRE TL B 9
7 DIAVERUM EUR TL B 9
8 HAMILTON SUNDSTRAND TL B 9
9 DTZ TL B 9
10 COMMERCIAL BARGE TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 5/18/18 - 5/25/18

 

Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 5/18/18 - 5/25/18

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 5/18/18 - 5/25/18
    • 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.