Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 11/15/19

Michael Pellerito, November 18, 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 AIR MEDICAL TL B1 5.34% 94.39 89.61
2 GTT COMMUNICATIONS EUR TL B 5.13% 85.00 80.85
3 AIR MEDICAL TL B2 4.91% 93.13 88.77
4 IQOR TL B 4.84% 86.50 82.50
5 RIVERBED TL B 3.86% 78.51 75.60
6 DIVERSEY TL 3.73% 95.45 92.02
7 ACADEMY SPORTS TL B 2.19% 69.55 68.06
8 TENNECO TL B 2.16% 93.49 91.51
9 HOUSTON FOODS INC TL B 1.99% 93.07 91.25
10 GLOBAL EAGLE ENTERTMNT TL B 1.69% 88.28 86.81
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 11/8/19 - 11/15/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
ACOSTA TL B -12.40% 24.90 28.42
EXELA TL B -10.87% 46.71 52.41
SOUTHCROSS PROPCO TL B -9.23% 69.01 76.02
RENTPATH TL -8.19% 45.14 49.17
MURRAY ENERGY TL B2 -7.63% 27.53 29.80
NPC TL -7.13% 50.23 54.09
BUCCANEER 2ND LIEN TL -6.73% 70.15 75.21
WINDSTREAM SERVICES LLC TL B6 -6.72% 93.69 100.44
MCDERMOTT TL B -6.50% 53.37 57.08
10  STETSON MIDSTREAM TL B -4.96% 87.04 91.58
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 11/8/19 - 11/15/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 11/8/19 - 11/15/19
    • 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 11/8/19 - 11/15/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 GENESEE & WYOMING TL 12 28 16 133%
2 NTL CABLE PLC GBP TL M 12 24 12 100%
3 GRIFOLS WORLDWIDE EUR TL A 0 10 10 N/A
4 EXCLUSIVE GROUP EUR TL B 2 10 8 400%
5 NTL CABLE PLC GBP TL L 12 20 8 67%
6 LES DERIVES RESINIQUES EUR TL B 0 8 8 N/A
7 KANTAR EUR TL 24 30 6 25%
8 MISTER CAR WASH DD TL 2 8 6 300%
9 INSPIRED FINCO HOLDINGS EUR TL B 0 6 6 N/A
10 ANASTASIA BEVERLY HILLS TL B 24 30 6 25%
  • Exhibits the loans with the largest increase in quote volume for the week ending 11/8/19 vs. the week ending 11/15/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 MCDERMOTT TL B 15
2 VERISURE MIDHOLDING AB EUR TL B1 15
3 SEADRILL PARTNERS LLC EXT TL B 14
4 NORD ANGLIA EDUCATION FINANC EUR TL B 14
5 INEOS FIN EUR TL B 13
6 LUMILEDS TL B 13
7 GRIFOLS WORLDWIDE TL B 13
8 ACTION NEDERLAND EUR TL B 13
9 AKZONOBEL SPECIALTY CHEMICALS EUR TL B 13
10 WEBHELP EUR TL B 13
  • Ranks the loans that were quoted by the highest number of dealers between 11/8/19 - 11/15/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 11/8/19 - 11/15/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 11/8/19 - 11/15/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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