Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 11/8/19

Michael Pellerito, November 12, 2019

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Our weekly newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly 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 - 1W
1 LIGHTSQUARED EXIT PIK 2ND LIEN TL 16.41% 33.79 29.03
2 ACCUVANT 2ND LIEN TL 6.69% 54.56 51.14
3 MACDONALD DETTWILER TL A2 4.29% 98.00 93.96
4 KCA DEUTAG TL B 3.99% 64.54 62.07
5 AMMERAAL BELTECH EUR TL B 3.04% 96.36 93.51
6 AKORN TL B 2.17% 92.98 91.00
7 FORTERRA TL 1.97% 95.92 94.06
8 ACADEMY SPORTS TL B 1.59% 68.06 67.00
9 BASS PRO SHOPS TL B 1.37% 97.91 96.58
10 AMERICAN AXLE & MANUFACTURING TL 1.21% 96.83 95.67
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 11/1/19 - 11/8/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SECURUS 2ND LIEN TL -28.08% 48.91 68.01
FIELDWOOD ENERGY EXIT 2ND LIEN TL -15.01% 53.77 63.26
CASA SYSTEMS TL -14.75% 80.19 94.07
PARTY CITY TL B -10.32% 88.77 98.98
TRITON SOLAR TL B -9.08% 82.76 91.03
MURRAY ENERGY TL B3 -7.90% 30.01 32.58
PEABODY ENERGY TL B -7.38% 77.70 83.90
PLANTRONICS TL -5.50% 93.89 99.35
KETER GROUP EUR TL B -4.42% 80.16 83.87
10  GLOBAL TELESYSTEMS TL -3.66% 88.44 91.79
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 11/1/19 - 11/8/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 11/1/19 - 11/8/19
    • 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) between 11/1/19 - 11/8/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 STETSON MIDSTREAM TL B 22 36 14 64%
2 WESTERN DIGITAL TL B4 22 34 12 55%
3 MERLIN ENTERTAINMENTS TL 17 28 11 65%
4 MOTOR FUEL EUR TL B 6 16 10 167%
5 CBAC BORROWER TL B 20 29 9 45%
6 CHROMAFLO TL B2 0 8 8 0%
7 ABC SUPPLY TL B 26 34 8 31%
8 ALKU TL 2 10 8 400%
9 AMERICAN AIRLINES TL B 29 37 8 28%
10 AMERICAN AIRLINES TL B 25 33 8 32%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/1/19 vs. the week ending 11/8/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERISURE MIDHOLDING AB EUR TL B1 15
2 SEADRILL PARTNERS LLC EXT TL B 14
3 MCDERMOTT TL B 14
4 LUMILEDS TL B 13
5 ACTION NEDERLAND EUR TL B 13
6 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 13
7 BELK TL B 13
8 DORNA SPORTS EUR TL B 13
9 NORD ANGLIA EDUCATION FINANC EUR TL B 13
10 ZIGGO EUR TL F 12
  • Ranks the loans that were quoted by the highest number of dealers between 11/1/19 - 11/8/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 11/1/19 - 11/8/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 11/1/19 - 11/8/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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