Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 10/4/19

Michael Pellerito, October 07, 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 DITECH EXIT TL B 9.88% 39.09 35.58
2 JO-ANN STORES 2ND LIEN TL 6.79% 32.04 30.00
3 MALLINCKRODT TL B 5.24% 76.46 72.65
4 HILDING ANDERS EUR TL 1.97% 79.17 77.64
5 THOR INDUSTRIES EUR TL B 1.66% 98.20 96.60
6 DUEMMEN ORANGE EUR TL 1.54% 64.76 63.78
7 RGIS TL 1.17% 85.20 84.21
8 TOTAL SAFETY TL 0.65% 94.59 93.98
9 INFINITAS EUR TL B 0.58% 99.68 99.11
10 JC PENNEY TL B 0.49% 87.36 86.93
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 9/27/19 - 10/4/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SERTA SIMMONS 2ND LIEN TL -12.65% 29.47 33.73
UNITED NATURAL FOODS TL B -11.11% 74.21 83.48
SGB-SMIT EUR TL B -10.69% 56.23 62.97
LUMILEDS TL B -10.18% 42.82 47.67
FORESIGHT ENERGY TL -9.63% 51.86 57.39
JORDAN HEALTH TL -7.31% 83.79 90.40
AMNEAL PHARMACEUTIAL TL B -5.87% 80.88 85.92
BELK TL B -5.83% 68.83 73.09
PEAK 10 2ND LIEN TL -5.20% 72.40 76.37
10  ELECTRONICS FOR IMAGING TL -4.74% 90.25 94.74
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 9/27/19 - 10/4/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 9/27/19 - 10/4/19
    • 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 9/27/19 - 10/4/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 PARQUES REUNIDOS SA EUR TL B 2 36 34 1700%
2 AVERYS EUR TL B 18 40 22 122%
3 BELRON INTERNATIONAL EUR TL B 20 40 20 100%
4 HOTELBEDS EUR TL B 49 67 18 37%
5 HOTELBEDS EUR TL C 36 54 18 50%
6 JACOBS DOUWE EUR TL B 42 60 18 43%
7 CARIBE EUR TL B 24 40 16 67%
8 COTY EUR TL A 16 32 16 100%
9 COTY EUR TL B 37 52 15 41%
10 TECHNICOLOR EUR TL B 32 47 15 47%
  • Exhibits the loans with the largest increase in quote volume for the week ending 9/27/19 vs. the week ending 10/4/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 MCDERMOTT TL B 13
2 FORESIGHT ENERGY TL 12
3 LUMILEDS TL B 12
4 SHUTTERFLY TL B2 12
5 SERTA SIMMONS TL 11
6 CABLEVISION TL B 11
7 ADVANTAGE SALES TL B 10
8 JCREW TL B 10
9 GO DADDY DD TL 10
10 MONITRONICS TL 10
  • Ranks the loans that were quoted by the highest number of dealers between 9/27/19 - 10/4/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 9/27/19 - 10/4/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 9/27/19 - 10/4/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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