Solve Advisors Syndicated Bank Loan Market Summaries

  

Monthly Syndicated Bank Loan Market Summary - September 2019

Michael Pellerito, October 07, 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 DITECH EXIT TL B 46.73% 39.99 27.26
2 SOUTHCROSS PROPCO TL B 7.85% 78.26 72.56
3 DUEMMEN ORANGE EUR TL 7.50% 63.94 59.48
4 HIGHLINE AFTERMARKET ACQUISITION TL 6.16% 89.34 84.16
5 DEOLEO EUR TL B 6.09% 43.42 40.92
6 SONICWALL TL 4.12% 97.02 93.18
7 TRIPLE POINT TL 3.67% 98.74 95.24
8 RGIS TL 3.35% 85.38 82.62
9 EAGLEVIEW TL B 3.26% 96.48 93.43
10 OWENS & MINOR DISTRIBUTION TL B 3.03% 87.24 84.67
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/1/19 - 9/30/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1M
1 JO-ANN STORES 2ND LIEN TL -59.10% 30.00 73.35
2 IMAGINE! 2ND LIEN TL -48.00% 46.28 89.00
3 ACCUVANT 2ND LIEN TL -42.32% 45.76 79.32
4 NPC 2ND LIEN TL -30.65% 27.67 39.89
5 MCDERMOTT TL B -30.44% 63.69 91.56
6 SERTA SIMMONS 2ND LIEN TL -24.37% 32.72 43.26
7 LUMILEDS DD TL -20.48% 47.77 60.07
8 PRAESIDIAD EUR TL -15.92% 72.06 85.71
9 FUSION CONNECT TL B -15.01% 52.74 62.05
10 FORESIGHT ENERGY TL -12.69% 56.89 65.16
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 9/1/19 - 9/30/19
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 9/1/19 - 9/30/19
    • 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 9/1/19 - 9/30/19
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK TRANCHE

PRIOR MONTH

THIS MONTH

INCREASE % INCREASE
1 SIGMA BIDCO GBP TL B 88 220 132 150%
2 SIGMA BIDCO EUR TL B 148 278 130 88%
3 RODENSTOCK EUR TL B 41 164 123 300%
4 KLOECKNER TL B 189 270 81 43%
5 MICRO FOCUS EUR TL B 116 194 78 67%
6 PRAESIDIAD EUR TL 31 108 77 248%
7 CHEPLAPHARM ARZNEIMITTEL EUR TL B3 50 125 75 150%
8 INEOS ENTERPRISES EUR TL A 4 78 74 1850%
9 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 234 306 72 31%
10 ZIGGO EUR TL F 286 358 72 25%
  • Exhibits the loans with the largest increase in quote volume for the month ending 8/31/19 vs. the month ending 9/30/19
  • Includes only loans outstanding
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 LUMILEDS DD TL 13
2 MCDERMOTT TL B 13
3 DELL TL B 13
4 CINEWORLD TL B 12
5 JCREW TL B 11
6 ACADEMY SPORTS TL B 11
7 SERTA SIMMONS TL 11
8 BUCCANEER TL 11
7 ALLISON TRANSMISSION TL B 11
10 PROTECTION1 TL B 11
  • Ranks the loans that were quoted by the highest number of dealers for the period between 9/1/19 - 9/30/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 9/1/19 - 9/30/19

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 9/1/19 - 9/30/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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