Solve Advisors Syndicated Bank Loan Market Summaries

  

Monthly Syndicated Bank Loan Market Summary - December 2019

Michael Pellerito, January 06, 2020

Subscribe to Solve's Market Summaries... Request a Free Trial of SolveQuotes


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 CALIFORNIA RESOURCES TL 27.12% 74.07 58.27
2 LUMILEDS TL B 24.36% 58.35 46.92
3 SEADRILL PARTNERS LLC EXT TL B 24.18% 49.64 39.97
4 AMNEAL PHARMACEUTIAL TL B 16.95% 89.76 76.75
5 PANDA HUMMEL TL B1 16.23% 88.33 76.00
6 SGB-SMIT EUR TL B 14.58% 57.86 50.50
7 DONCASTERS EXT TL B 14.06% 78.74 69.04
8 TEAM HEALTH TL 13.05% 80.04 70.79
9 SERTA SIMMONS TL 12.46% 64.65 57.49
10 NEIMAN MARCUS TL 11.33% 81.92 73.58
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 12/1/19 - 12/31/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 SOUTHCROSS PROPCO TL B -51.89% 30.29 62.95
2 4L TECHNOLOGIES INC. TL B -42.33% 30.53 52.94
3 FUSION CONNECT TL B -21.63% 40.36 51.50
4 IMAGINE! TL -21.37% 33.98 43.22
5 AMERICAN ADDICTION TL -18.22% 69.50 84.98
6 MURRAY ENERGY TL B2 -17.60% 20.07 24.36
7 IQOR 2ND LIEN TL -16.07% 61.20 72.92
8 TMF GROUP HOLDING BV 2ND LIEN EUR TL -14.75% 69.65 81.70
9 PEAK 10 2ND LIEN TL -11.78% 61.34 69.53
10 MEMORA EUR TL B1 -9.92% 84.00 93.25
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 12/1/19 - 12/31/19
 
 Avg Bid Px by Sector
 
  • Displays the average loan bid price by sector for the period between 12/1/19 - 12/31/19
    • 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 12/1/19 - 12/31/19
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 TRANSUNION TL B5 70 193 123 176%
2 ASURION 2ND LIEN TL 34 120 86 253%
3 GRIFOLS WORLDWIDE TL B 68 153 85 125%
4 SS&C TECH TL B5 143 208 65 45%
5 AMERICAN AIRLINES TL B 163 223 60 37%
6 STATION CASINO TL B 163 221 58 36%
7 CINEWORLD EXT TL B 87 144 57 66%
8 ANCESTRY.COM TL B 28 83 55 196%
9 ADVANTAGE SALES TL B2 83 137 54 65%
10 EG GROUP TL B 66 120 54 82%
  • Exhibits the loans with the largest increase in quote volume for the month ending 11/30/19 vs. the month ending 12/31/19
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B 13
2 NORD ANGLIA EDUCATION FINANC EUR TL B 13
3 ASCENA RETAIL TL B 12
4 SOLERA TL B 12
5 FINANCIAL & RISK US HOLDINGS INC EUR TL B 12
6 NOVAFR EUR TL B 11
7 NTL CABLE PLC GBP TL L 11
8 OGF(POMPES FUNEBRES GENERALE) EUR TL B 11
7 CASINO GUICHARD EUR TL B 11
10 NPC TL 11
  • Ranks the loans that were quoted by the highest number of dealers for the period between 12/1/19 - 12/31/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 12/1/19 - 12/31/19

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 12/1/19 - 12/31/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 Request a Free Trial of SolveQuotes

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 +1 646-699-5041.