Solve Advisors Syndicated Bank Loan Market Summaries

  

Monthly Syndicated Bank Loan Market Summary - June 2018

Michael Pellerito, July 02, 2018

Solve Advisor's monthly 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 month of June 2018 versus May 2018.  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 - 1M
1 EDDIE BAUER TL B 10.64% 79.06 71.45
2 PETSMART TL B 6.69% 82.62 77.44
3 NBTY TL 5.46% 93.24 88.42
4 HARVEY GULF TL B 3.80% 42.33 40.78
5 HOMER CITY TL B 3.53% 92.85 89.69
6 SEADRILL PARTNERS LLC EXT TL B 2.97% 89.61 87.02
7 PETCO TL B 2.36% 71.65 69.99
8 MURRAY ENERGY TL B3 2.04% 94.25 92.36
9 SHERIDAN PRODUCTION PARTNERS II TL B 1.76% 89.87 88.32
10 CTI FOODS 2ND LIEN TL 2.12% 75.57 74.00
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/1/18 - 6/30/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 AMERICAN TIRE TL B -26.10% 64.26 86.96
2 SERTA SIMMONS 2ND LIEN TL -12.61% 66.21 75.76
3 ACOSTA TL B -6.97% 74.08 79.63
4 CATALINA MARKETING TL B -6.83% 63.42 68.07
5 SGB-SMIT EUR TL B -6.47% 88.26 94.37
6 VERITAS EUR TL B -6.30% 91.44 97.58
7 SYNARC BIOCORE 2ND LIEN TL -4.79% 94.50 99.25
8 SOUTHCROSS ENERGY LLC PROPCO TL B -3.85% 94.95 98.75
9 RENTPATH TL -3.82% 90.78 94.39
10 AIR METHODS TL -3.62% 95.79 99.39
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/1/18 - 6/30/18
 
 Average Bid PX By Sector
 
  • Displays the average loan bid price by sector for the period between 6/1/18 - 6/30/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Sentiment
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 6/1/18 - 6/30/18
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 LABORATORIOS EUR TL B 8 146 138 1725%
2 EPHIOS BONDCO EUR TL B 8 141 133 1663%
3 DIAVERUM 2ND LIEN EUR TL 12 120 108 900%
4 BERLIN PACKAGING TL B 104 188 84 81%
5 AVOLON TL B3 165 240 75 45%
6 ACOSTA TL B 100 170 70 70%
7 UNITY MEDIA GMBH EUR TL C 126 195 69 55%
8 CITYCENTER TL B 59 127 68 115%
9 SIVANTOS EUR TL B 48 104 56 117%
10 EDGEWOOD PARTNERS TL B 1 54 53 5300%
  • Exhibits the loans with the largest increase in quote volume for the month ending 5/31/18 vs. the month ending 6/30/18
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 CLARIVATE ANALYTICS TL 11
2 ENGILITY TL B2 10
3 ZAYO TL B1 9
4 VANTIV INC TL B4 9
5 WEX MED CORP TL B 9
6 AMWINS 2ND LIEN TL 8
7 FLINT GROUP EUR TL B 8
8 RACKSPACE HOSTING TL B 8
9 NUMERICABLE TL B12 8
10 SPRINGER NATURE TL B13 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/1/18 - 6/30/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 6/1/18 - 6/30/18

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 6/1/18 - 6/30/18
    • 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.