Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 9/8/17

Michael Pellerito, September 11, 2017

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, September 1st - Friday, September 8th.  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 AMERICAN ENERGY MARCELLUS TL 8.95% 72.49 66.54
2 ACADEMY SPORTS TL B 7.92% 71.63 66.37
3 HC STARCK 2ND LIEN EUR TL 2.77% 90.93 88.48
4 BLACKHAWK MINING TL 1.86% 92.50 90.81
5 CSM N V TL B 1.74% 97.62 95.95
6 SYNCREON GROUP BV TL B 1.72% 86.00 84.55
7 ALTISOURCE TL B 1.68% 89.16 87.69
8 THT HEAT TRANSFER TL B 1.66% 89.72 88.26
9 SEADRILL PARTNERS LLC EXT TL B 1.54% 65.23 64.25
10 CSM N V 2ND LIEN TL 1.14% 87.99 87.00
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/1/17 - 9/8/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 TOYS R US TL B3 -9.60% 85.88 95.00
2 TOYS R US EXT TL B2 -9.33% 86.13 95.00
3 LIGHTSQUARED EXIT 2ND LIEN TL -5.95% 61.11 64.97
4 BASS PRO SHOPS TL B -4.02% 92.27 96.14
5 FORTERRA TL -3.31% 79.99 82.73
6 ACOSTA TL B -2.09% 87.70 89.58
7 VISKASE COS INC TL B -1.55% 95.00 96.50
8 LIBERTY CABLE EXT TL -1.00% 98.80 99.81
9 CABLE & WIRELESS TL B3 -0.79% 98.61 99.39
10 REGAL CINEMAS CORP TL B -0.73% 99.06 99.79
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 9/1/17 - 9/8/17
 
Av Bid PX By Sector v2.png
  • Displays the average loan bid price by sector for the period between 9/1/17 - 9/8/17
    • 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 9/1/17 - 9/8/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 SKY BET GBP TL B 37 74 37 100%
2 TIPICO EUR TL B 29 65 36 124%
3 NTL CABLE PLC GBP TL J 32 67 35 109%
4 CEVA SANTE ANIMALE EUR TL B 36 71 35 97%
5 COMMUNITY HEALTH TL G 40 75 35 88%
6 INEOS FIN TL B 48 82 34 71%
7 ZIGGO EUR TL F 24 58 34 142%
8 VERITAS EUR TL B 28 60 32 114%
9 SIG COMBIBLOC GROUP EUR TL 38 70 32 84%
10 REYNOLDS GROUP TL B 29 61 32 110%
  • Exhibits the loans with the largest increase in quote volume for the week ending 9/1/17 vs. the week ending 9/8/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ZIGGO TL E 9
2 VERISURE EUR TL B 9
3 NTL CABLE PLC TL I 9
4 COMPUTER PATENT EUR TL B 9
5 UNIVAR INC TL B2 9
6 INFOR TL B 9
7 INEOS FIN TL B 9
8 VERITAS EUR TL B 8
9 PETSMART TL B 8
10 ELLUCIAN / SOPHIA TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 9/1/17 - 9/8/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 9/1/17 - 9/8/17

 

Sector Bid Offer Spread v2.png

  • Displays the bid-offer spread by sector between 9/1/17 - 9/8/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 

Want free access to Real-Time Composite pricing for Syndicated Bank Loans?

Solve Advisors is launching a free Beta for qualified participants, where you will have unlimited access to Solve's composite loan pricing via the SolveQuotes platform.  Participants will be invited to share feedback and offer suggestions on our product. Click the link below to learn more and become a Beta participant! 

Join the Loan Composite Beta

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.