Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 10/11/19

Michael Pellerito, October 15, 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 ACCUVANT 2ND LIEN TL 4.87% 46.75 44.58
2 DUEMMEN ORANGE EUR TL 3.82% 67.23 64.76
3 ALM MEDIA TL 3.71% 95.81 92.39
4 JO-ANN STORES TL B 2.38% 71.60 69.93
5 MALLINCKRODT EXT TL B 2.32% 76.64 74.90
6 DHX MEDIA TL B 0.85% 96.50 95.69
7 WINEBOW TL B 0.82% 92.68 91.93
8 THOR INDUSTRIES EUR TL B 0.73% 98.92 98.20
9 HILDING ANDERS EUR TL 0.61% 79.65 79.17
10 AVAYA TL B 0.39% 95.71 95.34
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 10/4/19 - 10/11/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
INDRA HOLDINGS TL B -44.64% 21.08 38.08
LIGHTSQUARED EXIT PIK 2ND LIEN TL -18.12% 29.01 35.43
SOUTHERN GRAPHICS TL B -11.96% 70.07 79.59
FORESIGHT ENERGY TL -7.07% 52.59 56.59
24 HOUR FITNESS TL B -6.32% 89.53 95.57
MURRAY ENERGY TL B3 -5.93% 34.15 36.30
CIRQUE DE SOLEIL TL B -5.40% 89.77 94.89
SERTA SIMMONS 2ND LIEN TL -5.24% 27.92 29.47
WEST CORP TL B -4.54% 84.70 88.73
10  IMPERVA TL -3.57% 93.54 97.00
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 10/4/19 - 10/11/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 10/4/19 - 10/11/19
    • 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 10/4/19 - 10/11/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 HOTELBEDS EUR TL B 10 40 30 300%
2 AMERICAN TIRE EXIT PIK FLLO 16 38 22 138%
3 NTL CABLE PLC GBP TL J 0 20 20 N/A
4 BOLUDA TOWAGE EUR TL B1 24 42 18 75%
5 B&G FOODS INC TL B 24 40 16 67%
6 AMERICAN TIRE EXIT TL 10 26 16 160%
7 INTEL EUR TL 30 46 16 53%
8 NORD ANGLIA EDUCATION FINANC EUR TL B 14 29 15 107%
9 ON SEMI TL B 21 35 14 67%
10 MEHILAINEN EUR TL B 26 40 14 54%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/4/19 vs. the week ending 10/11/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 VERALLIA EUR TL B4 13
2 MCDERMOTT TL B 13
3 MACDONALD DETTWILER TL B 12
4 SEADRILL PARTNERS LLC EXT TL B 11
5 VERALLIA EUR TL C 11
6 CINEWORLD EXT TL B 11
7 HOTELBEDS EUR TL B 10
8 JCREW TL B 10
9 NORD ANGLIA EDUCATION FINANC EUR TL B 10
10 MONITRONICS TL 10
  • Ranks the loans that were quoted by the highest number of dealers between 10/4/19 - 10/11/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 10/4/19 - 10/11/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 10/4/19 - 10/11/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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