Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 11/1/19

Michael Pellerito, November 04, 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 DEL MONTE 2ND LIEN TL 10.35% 81.10 73.50
2 LIGHTSQUARED EXIT PIK 2ND LIEN TL 4.90% 29.03 27.67
3 BELK TL B 3.11% 78.85 76.47
4 PREMIER OIL TL 2.96% 92.26 89.61
5 LUMILEDS TL B 2.77% 50.68 49.31
6 ENDEMOL 2ND LIEN TL 2.19% 100.48 98.33
7 JO-ANN STORES TL B 1.99% 74.81 73.35
8 AMERICAN TIRE EXIT TL 1.96% 89.48 87.76
9 ENDEMOL TL 1.93% 100.13 98.23
10 TRAVELPORT TL B 1.53% 91.99 90.60
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 10/25/19 - 11/1/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
24 HOUR FITNESS TL B -12.88% 75.29 86.42
PACIFIC GAS AND ELECTRIC COMPANY TL -9.87% 88.88 98.61
PEABODY ENERGY TL B -8.49% 83.90 91.68
FIELDWOOD ENERGY EXIT 2ND LIEN TL -7.69% 63.26 68.53
PANDA HUMMEL TL B1 -7.21% 77.86 83.91
GLOBAL EAGLE ENTERTMNT TL B -5.88% 85.97 91.35
MITEL NETWORKS 2ND LIEN TL -5.33% 75.88 80.15
EPIC HEALTH TL -4.70% 87.47 91.79
US SILICA CO TL B -4.03% 82.18 85.62
10  EXGEN RENEWABLES I TL B -3.01% 94.16 97.08
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 10/25/19 - 11/1/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 10/25/19 - 11/1/19
    • 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 10/25/19 - 11/1/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 AVAST SOFTWARE EUR TL B 14 32 18 129%
2 EIRCOM FINCO SARL EUR TL B3 4 22 18 450%
3 SRS DISTRIBUTION TL B 48 65 17 35%
4 WITTUR EUR TL B 14 29 15 107%
5 UFC TL B 40 54 14 35%
6 TELENET EUR TL A3 12 26 14 117%
7 ALLISON TRANSMISSION TL B 56 70 14 25%
8 KRONOS 2ND LIEN TL 32 46 14 44%
9 KRONOS TL B 53 67 14 26%
10 NEXSTAR BROADCASTING TL B 40 54 14 35%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/25/19 vs. the week ending 11/1/19
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 ZIGGO EUR TL F 13
7 DIAVERUM EUR TL B 13
8 NOVAFR EUR TL B 13
9 INEOS FIN EUR TL B 13
10 LUMILEDS TL B 13
  • Ranks the loans that were quoted by the highest number of dealers between 10/25/19 - 11/1/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 10/25/19 - 11/1/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 10/25/19 - 11/1/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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