Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 5/4/18

Michael Pellerito, May 07, 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, April 27th - Friday, May 4th.  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 CUMULUS MEDIA TL 3.48% 87.49 84.55
2 MURRAY ENERGY TL B2 2.68% 90.89 88.52
3 WESCO AIRCRAFT TL B 2.13% 99.28 97.21
4 RENTPATH TL 1.86% 91.99 90.31
5 MCDERMOTT TL B 1.45% 100.56 99.13
6 AMERICAN TIRE TL B 1.34% 88.08 86.92
7 PSC TL B 0.89% 100.66 99.77
8 US RENAL CARE TL 0.80% 99.93 99.14
9 UTEX TL B 0.75% 98.99 98.25
10 FIELDWOOD ENERGY EXIT TL 0.70% 100.74 100.04
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 4/27/18 - 5/4/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 BELK TL B -7.61% 78.51 84.97
2 GULF FINANCE TL B -5.71% 85.62 90.81
3 LIGHTSQUARED EXIT 2ND LIEN TL -5.18% 25.08 26.45
4 NBTY 2ND LIEN TL -4.81% 77.21 81.11
5 VERITAS TL B1 -3.29% 95.44 98.68
6 PROGREXION TL -2.50% 97.36 99.86
7 MISYS 2ND LIEN TL -2.23% 96.70 98.90
8 ARBOR CAP INC TL B -2.06% 99.41 101.50
9 CTI FOODS TL -1.49% 89.21 90.56
10 DUEMMEN ORANGE EUR TL -1.44% 91.76 93.11
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 4/27/18 - 5/4/18
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 4/27/18 - 5/4/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Market Sentiment
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 4/27/18 - 5/4/18

 

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

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 BMC SOFTWARE TL B1 0 32 32 N/A
2 NOMAD FOODS TL B 35 61 26 74%
3 JAGUAR HOLDING CO I TL 34 59 25 74%
4 COTY TL B 17 40 23 135%
5 DOLE FOOD TL B 19 40 21 111%
6 MICRO FOCUS TL B3 29 48 19 66%
7 SYNEOS TL B 12 31 19 158%
8 US SILICA CO TL B 2 20 18 900%
9 PRESTIGE BRANDS TL B 13 30 17 131%
10 OBERTHUR TECHNOLOGIES SA TL B1 38 55 17 45%
  • Exhibits the loans with the largest increase in quote volume for the week ending 4/27/18 vs. the week ending 5/4/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DEL MONTE FOODS CO TL 10
2 BMC SOFTWARE TL 10
3 INEOS FIN TL B 10
4 ALLISON TRANSMISSION TL B 10
5 FULLBEAUTY TL 9
6 DELL TL B 9
7 NTL CABLE PLC TL K 9
8 REYNOLDS GROUP TL B 8
9 ALTICE FINANCING TL B 8
10 ALLIANT HLDGS I INC TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 4/27/18 - 5/4/18

 

Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 4/27/18 - 5/4/18

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 4/27/18 - 5/4/18
    • 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.