Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 9/20/19

Michael Pellerito, September 23, 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 MCS TL B 5.52% 41.89 39.70
2 DUEMMEN ORANGE EUR TL 5.30% 63.00 59.83
3 ULTRA PETROL CORP EXIT TL 4.78% 68.29 65.17
4 BUCCANEER 2ND LIEN TL 3.87% 78.04 75.13
5 PREMIER OIL TL 2.95% 89.99 87.41
6 VIVINT INC TL B 2.91% 98.26 95.48
7 LUCID ENERGY TL B 2.87% 94.91 92.27
8 AIR METHODS TL 2.45% 82.23 80.26
9 FLINT GROUP EUR TL B 2.06% 84.12 82.42
10 STETSON MIDSTREAM TL B 1.47% 97.39 95.98
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 9/13/19 - 9/20/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
JO-ANN STORES 2ND LIEN TL -31.18% 50.94 74.02
MURRAY ENERGY TL B2 -11.07% 39.70 44.64
IMAGINE! TL -9.92% 66.95 74.32
ANCHOR GLASS 2ND LIEN TL -7.82% 55.73 60.45
FORESIGHT ENERGY TL -6.87% 58.27 62.57
V GROUP TL B -5.63% 78.80 83.50
SERTA SIMMONS TL -5.61% 60.46 64.06
PEABODY ENERGY TL B -4.90% 94.71 99.59
KLOECKNER EUR TL B -3.77% 84.54 87.86
10  GEO GROUP TL B -3.67% 88.81 92.20
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 9/13/19 - 9/20/19
 
 Avg PX by Sector
  • Displays the average loan bid price by sector between 9/13/19 - 9/20/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Market Sentiment
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 9/13/19 - 9/20/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DELL TL B 19 59 40 211%
2 CHEPLAPHARM ARZNEIMITTEL EUR TL B3 9 46 37 411%
3 AVAST SOFTWARE EUR TL B 9 42 33 367%
4 NUMERICABLE EUR TL B11 22 44 22 100%
5 BEFESA EUR TL B 36 56 20 56%
6 WEBHELP EUR TL B 44 64 20 45%
7 BERRY PLASTICS EUR TL V 20 38 18 90%
8 EXACT HOLDING EUR TL B1 10 28 18 180%
9 MONITRONICS TL 8 25 17 213%
10 RENAISSANCE LEARNING TL 35 50 15 43%
  • Exhibits the loans with the largest increase in quote volume for the week ending 9/13/19 vs. the week ending 9/20/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ENVISION HEALTHCARE TL B 16
2 SEADRILL PARTNERS LLC EXT TL B 14
3 DELL TL B 14
4 MALLINCKRODT TL B 12
5 BELK TL B 12
6 PROTECTION1 TL B 12
7 ACADEMY SPORTS TL B 11
8 JCREW TL B 11
9 MACDONALD DETTWILER TL B 11
10 EIRCOM FINCO SARL EUR TL B3 11
  • Ranks the loans that were quoted by the highest number of dealers between 9/13/19 - 9/20/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 9/13/19 - 9/20/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 9/13/19 - 9/20/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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