Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 10/25/19

Michael Pellerito, October 28, 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 STEINHOFF INTERNATIONAL TL B2 18.87% 56.26 47.33
2 LUMILEDS TL B 11.22% 49.31 44.34
3 DEL MONTE TL 6.67% 84.59 79.30
4 RADIATION THERAPY SERVICES TL B 5.19% 91.23 86.72
5 UNITED NATURAL FOODS TL B 4.49% 79.33 75.92
6 TRAVELPORT TL B 3.53% 90.60 87.51
7 GNC EXT TL B 2.26% 94.66 92.57
8 IMPERVA TL 2.06% 95.94 94.00
9 BWAY HOLDING TL B 1.67% 97.26 95.67
10 LAIRD TL B 1.55% 95.44 93.98
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 10/18/19 - 10/25/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SECURUS TL -13.57% 79.91 92.46
CHIEF POWER TL B -10.92% 70.47 79.10
HOLLAND & BARRETT EUR TL B -10.46% 61.62 68.82
MOXIE PATRIOT TL B -8.34% 82.58 90.09
ROCKET SOFTWARE 2ND LIEN TL B -5.73% 84.98 90.14
COLORADO BUYER 2ND LIEN TL -5.64% 66.27 70.22
TECHNICOLOR TL B -4.04% 84.68 88.25
UNIMIN CORP TL -3.55% 73.51 76.22
ALBEA TL B -2.74% 96.47 99.19
10  FIELDWOOD ENERGY EXIT 2ND LIEN TL -2.63% 68.27 70.11
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 10/18/19 - 10/25/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 10/18/19 - 10/25/19
    • 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 10/18/19 - 10/25/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ADVANTAGE SALES TL 0 45 45 N/A
2 LANDRY'S TL B 29 61 32 110%
3 NETS HOLDINGS EUR TL B2 6 37 31 517%
4 ADVANTAGE SALES 2ND LIEN TL 38 67 29 76%
5 ESH HOSPITALITY TL B 28 55 27 96%
6 ALLIANT HLDGS I INC TL B 50 75 25 50%
7 ASCENA RETAIL TL B 34 58 24 71%
8 NETS HOLDINGS EUR TL B1 6 30 24 400%
9 NTL CABLE PLC EUR TL 36 60 24 67%
10 MONITRONICS TL 24 48 24 100%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/18/19 vs. the week ending 10/25/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 MCDERMOTT TL B 14
2 SEADRILL PARTNERS LLC EXT TL B 13
3 CHARTER COMMUNICATIONS TL B 13
4 ACOSTA TL B 12
5 AHLSELL EXT EUR TL B2 11
6 GLOBAL TELESYSTEMS TL 11
7 REVLON TL B 11
8 NTL CABLE PLC TL K 11
9 BERRY PLASTICS TL Q 11
10 SERTA SIMMONS TL 11
  • Ranks the loans that were quoted by the highest number of dealers between 10/18/19 - 10/25/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 10/18/19 - 10/25/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 10/18/19 - 10/25/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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