Solve Advisors Syndicated Bank Loan Market Summaries

  

Monthly Syndicated Bank Loan Market Summary - October 2019

Michael Pellerito, November 04, 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 DEL MONTE 2ND LIEN TL 12.26% 77.14 68.71
2 BELK TL B 8.68% 78.72 72.43
3 ONE CALL EXT TL B 7.83% 85.55 79.33
4 MALLINCKRODT EXT TL B 7.66% 80.55 74.81
5 DUEMMEN ORANGE EUR TL B 5.69% 67.57 63.94
6 ALM MEDIA TL 4.79% 96.81 92.39
7 INVICTUS TL B 2.40% 97.31 95.03
8 RADIATION THERAPY SERVICES TL B 2.22% 91.10 89.12
9 COTY EUR TL B 1.49% 97.96 96.52
10 DHX MEDIA TL B 1.26% 97.69 96.47
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 10/1/19 - 10/31/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 INDRA HOLDINGS TL B -37.99% 23.74 38.29
2 TNT CRANE 2ND LIEN TL -23.39% 62.36 81.40
3 SECURUS 2ND LIEN TL -22.38% 67.61 87.10
4 LIGHTSQUARED EXIT PIK 2ND LIEN TL -21.42% 28.34 36.07
5 SERTA SIMMONS 2ND LIEN TL -21.34% 25.74 32.72
6 UTEX 2ND LIEN TL -20.76% 67.84 85.62
7 COLORADO BUYER 2ND LIEN TL -20.32% 65.67 82.41
8 CHIEF POWER TL B -15.96% 70.71 84.15
9 SECURUS TL -14.06% 78.07 90.84
10 FIELDWOOD ENERGY EXIT 2ND LIEN TL -13.99% 63.60 73.95
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 10/1/19 - 10/31/19
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 10/1/19 - 10/31/19
    • 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 10/1/19 - 10/31/19
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 HOTELBEDS EUR TL B 40 175 135 338%
2 NORD ANGLIA EDUCATION FINANC EUR TL B 34 164 130 382%
3 AMERICAN TIRE EXIT PIK FLLO 6 128 122 2033%
4 DOMIDEP EUR TL B 67 160 93 139%
5 CLEAR CHANNEL OUTDOOR TL B 104 182 78 75%
6 EXACT HOLDING EUR TL B 86 162 76 88%
7 SIG COMBIBLOC GROUP EUR TL A 64 138 74 116%
8 MONITRONICS TL 77 150 73 95%
9 NETS HOLDINGS EUR TL B1 0 68 68 N/A
10 TECHNICOLOR EUR TL B 103 171 68 66%
  • Exhibits the loans with the largest increase in quote volume for the month ending 9/30/19 vs. the month ending 10/31/19
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 15
2 BELK TL B 15
3 MCDERMOTT TL B 15
4 SEADRILL PARTNERS LLC EXT TL B 14
5 CERAMTEC EUR TL B 14
6 NOVAFR EUR TL B 13
7 LUMILEDS TL B 13
8 CHARTER COMMUNICATIONS TL B 13
7 BAUSCH HEALTH COMPANIES INC. TL B 12
10 AI SIRONA LUXEMBOURG ACQUISITION SARL EUR TL B 12
  • Ranks the loans that were quoted by the highest number of dealers for the period between 10/1/19 - 10/31/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 10/1/19 - 10/31/19

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 10/1/19 - 10/31/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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