Solve Advisors Syndicated Bank Loan Market Summaries

  

Monthly Syndicated Bank Loan Market Summary - January 2020

Michael Pellerito, February 03, 2020

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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 IMAGINE! TL 20.85% 41.07 33.98
2 HOLLAND & BARRETT EUR TL B 19.59% 69.39 58.02
3 JORDAN HEALTH TL 17.29% 84.99 72.46
4 UTEX TL B 17.23% 85.14 72.63
5 RODAN & FIELDS TL B 15.77% 68.45 59.13
6 ACCUVANT 2ND LIEN TL 11.41% 70.05 62.88
7 FIELDWOOD ENERGY EXIT 2ND LIEN TL 10.86% 60.97 55.00
8 NEIMAN MARCUS EXT TL 9.32% 85.00 77.75
9 MOXIE LIBERTY LLC TL B1 9.21% 95.88 87.80
10 SKILLSOFT EXT TL 8.56% 83.14 76.59
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/1/20 - 1/31/20
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 CONSTELLIS HOLDINGS LLC TL -52.48% 23.21 48.83
2 SAVE A LOT TL B -40.85% 20.76 35.10
3 HORNBECK OFFSHORE SVCS INC NEW 2ND LIEN TL -27.07% 51.05 70.00
4 ISAGENIX TL -19.53% 55.72 69.25
5 IQOR 2ND LIEN TL -12.62% 53.48 61.20
6 ARRAY CANADA TL B -12.54% 69.80 79.80
7 LIBBEY GLASS TL B -8.51% 74.11 81.00
8 IMPERVA 2ND LIEN TL -6.85% 85.59 91.88
9 SUNGARD AVAIL SERV CAP EXIT DD TL -6.75% 89.99 96.50
10 FEECO TL -6.46% 93.26 99.70
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/1/20 - 1/31/20
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 1/1/20 - 1/31/20
    • 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) for the period between 1/1/20 - 1/31/20
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 ENVISION HEALTHCARE TL B 140 257 117 84%
2 UNITED NATURAL FOODS TL B 87 200 113 130%
3 VERITAS TL B1 25 135 110 440%
4 JBS USA TL B 46 154 108 235%
5 GTT COMMUNICATIONS TL B 152 255 103 68%
6 COOPER STANDARD TL B 154 254 100 65%
7 PARTY CITY TL B 174 274 100 57%
8 VISTRA ENERGY TL B3 146 243 97 66%
9 HARLAND CLARKE TL B7 133 230 97 73%
10 RACKSPACE HOSTING TL B 144 239 95 66%
  • Exhibits the loans with the largest increase in quote volume for the month ending 12/31/19 vs. the month ending 1/31/20
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 15
2 WEBHELP EUR TL B 15
3 SERTA SIMMONS TL 14
4 DORNA SPORTS EUR TL B 14
5 LUMILEDS TL B 14
6 SIGMA BIDCO EUR TL B 14
7 CEVA SANTE ANIMALE EUR TL B 14
8 FRONERI EUR TL B 14
7 GRIFOLS WORLDWIDE EUR TL B 13
10 SEADRILL PARTNERS LLC EXT TL B 13
  • Ranks the loans that were quoted by the highest number of dealers for the period between 1/1/20 - 1/31/20

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 1/1/20 - 1/31/20

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 1/1/20 - 1/31/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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