Solve Advisors Syndicated Bank Loan Market Summaries

  

Monthly Syndicated Bank Loan Market Summary - November 2019

Michael Pellerito, December 02, 2019

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Our monthly newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a monthly 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 - 1M
1 ACCUVANT 2ND LIEN TL 22.45% 61.23 50.00
2 PHILADELPHIA ENERGY TL B 19.11% 35.73 30.00
3 ASCENA RETAIL TL B 15.72% 60.64 52.40
4 ACADEMY SPORTS TL B 11.52% 74.58 66.88
5 GTT COMMUNICATIONS EUR TL B 9.52% 88.83 81.11
6 CAMPING WORLD TL B 8.60% 89.57 82.48
7 STEINHOFF EUROPE AG 2ND LIEN EUR TL 8.45% 66.16 61.00
8 DEL MONTE 2ND LIEN TL 6.99% 82.53 77.14
9 PETCO TL B 6.09% 79.00 74.47
10 AMMERAAL BELTECH EUR TL B 4.70% 96.51 92.18
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 11/1/19 - 11/30/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 SOUTHERN GRAPHICS 2ND LIEN TL -40.84% 25.11 42.45
2 SECURUS 2ND LIEN TL -33.31% 45.35 68.01
3 IMAGINE! TL -30.30% 43.22 62.01
4 MURRAY ENERGY TL B3 -29.83% 22.86 32.58
5 LONGVIEW POWER EXIT TL B -29.13% 54.22 76.50
6 EXELA TL B -28.78% 38.00 53.36
7 LIGHTSQUARED EXIT PIK TL -25.30% 57.74 77.29
8 UTEX 2ND LIEN TL -24.47% 51.24 67.84
9 HOLLAND & BARRETT GBP TL B -23.41% 47.91 62.56
10 CHIEF POWER TL B -22.96% 54.46 70.70
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 11/1/19 - 11/30/19
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 11/1/19 - 11/30/19
    • 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 11/1/19 - 11/30/19
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 RELIANCE INDUSTRIES TL 2 42 40 2000%
2 INDONESIA EXIMBANK TL A 4 40 36 900%
3 LEONARDO EUR REV 8 42 34 425%
4 OLAM REV 8 42 34 425%
5 CERBA HEALTHCARE EUR TL B2 2 36 34 1700%
6 ANASTASIA BEVERLY HILLS TL B 93 124 31 33%
7 ARCADIS TL 14 42 28 200%
8 CHROMAFLO TL B2 12 40 28 233%
9 MOTOR FUEL EUR TL B 36 64 28 78%
10 PARTNER IN PET FOOD EUR TL B 15 42 27 180%
  • Exhibits the loans with the largest increase in quote volume for the month ending 10/31/19 vs. the month ending 11/30/19
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 16
2 NORD ANGLIA EDUCATION FINANC EUR TL B 15
3 SIGMA BIDCO TL B 15
4 BMC SOFTWARE TL B 14
5 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 14
6 DORNA SPORTS EUR TL B 14
7 VICI PROPERTIES TL B 14
8 ZIGGO EUR TL H 14
7 ENVISION HEALTHCARE TL B 14
10 RCN GRANDE TL B 14
  • Ranks the loans that were quoted by the highest number of dealers for the period between 11/1/19 - 11/30/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 11/1/19 - 11/30/19

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 11/1/19 - 11/30/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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