Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 10/13/17

Michael Pellerito, October 16, 2017

Solve Advisor's weekly loan newsletter highlights trends in the Syndicated Bank Loan market.

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, October 6th - Friday, October 13th.  In the tables and charts below, you'll find:

  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 NEIMAN MARCUS TL B 4.09% 77.81 74.76
2 EVERTEC TL B 3.26% 97.99 94.90
3 W/S PACKAGING TL B 2.13% 91.02 89.12
4 GLOBAL EAGLE ENTERTMNT TL B 2.08% 98.00 96.00
5 PARADIGM TL B 2.04% 75.46 73.95
6 COMMUNICATIONS S&L TL B 2.03% 96.24 94.33
7 ACADEMY SPORTS TL B 1.68% 71.31 70.13
8 ASCENA RETAIL TL B 1.50% 85.74 84.47
9 JASON INC TL 1.25% 95.44 94.26
10 BIRCH COMMUNICATIONS TL 1.13% 87.31 86.33
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 10/6/17 - 10/13/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 CHARMING CHARLIE TL B -17.09% 39.79 47.99
2 CROSSMARK TL -3.37% 64.94 67.21
3 JCREW TL B -2.16% 59.00 60.30
4 ACOSTA TL B -2.11% 86.46 88.32
5 FULLBEAUTY TL -1.20% 72.61 73.49
6 MURRAY ENERGY TL B2 -1.04% 91.14 92.10
7 MURRAY ENERGY TL B3 -0.97% 91.19 92.08
8 INOVYN EUR TL B -0.83% 99.89 100.73
9 HORIZON PHARMA TL B -0.79% 100.08 100.88
10 FIRST EAGLE NATL BK HANOVER PK TL B -0.71% 100.27 100.99
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 10/6/17 - 10/13/17
 
 Average Bid PX by Sector.png
  • Displays the average loan bid price by sector for the period between 10/6/17 - 10/13/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
 
Sentiment.png
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 10/6/17 - 10/13/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 WEST CORP TL B 14 57 43 307%
2 ALTICE FINANCING SA TL B 24 65 41 171%
3 COTY INC EUR TL B 8 48 40 500%
4 TELENET TL A 70 103 33 47%
5 UNILABS HOLDINGS SA EUR TL B 38 69 31 82%
6 NTL CABLE PLC TL I 68 98 30 44%
7 OBERTHUR TECHNOLOGIES SA EUR TL B1 34 64 30 88%
8 EIRCOM FDG EUR TL B6 40 69 29 73%
9 ETHYPHARM EUR TL B 22 50 28 127%
10 DAVID'S BRIDAL TL B 18 46 28 156%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/6/17 vs. the week ending 10/13/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 NEIMAN MARCUS TL B 10
2 PETSMART TL B 9
3 VALEANT PHARMACEUTICALS TL F3 9
4 TELENET TL A 9
5 EPICOR SOFTWARE TL B 9
6 MITCHELL TL B 8
7 COMMUNITY HEALTH TL H 8
8 TRANSDIGM INC EXT TL F 8
9 NTL CABLE PLC TL I 8
10 WEST CORP TL B12 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 10/6/17 - 10/13/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 10/6/17 - 10/13/17

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 10/6/17 - 10/13/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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If you would like to see additional information, or if you have any feedback or questions, please feel free to reach out to us at info@solveadvisors.com or 646-699-5041.