Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 9/6/19

Michael Pellerito, September 09, 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 ACCURIDE TL B 4.36% 85.32 81.76
2 HARLAND CLARKE TL B7 4.09% 80.15 77.00
3 FEECO 2ND LIEN TL 3.18% 100.68 97.57
4 AKZONOBEL SPECIALTY CHEMICALS TL B 2.32% 98.68 96.44
5 LANNET TL B 2.16% 97.50 95.44
6 ASPECT SOFTWARE TL 2.03% 93.16 91.31
7 PLAYCORE TL 1.31% 98.73 97.45
8 SLV GROUP GMBH EUR TL B 1.27% 90.47 89.33
9 ADVANTAGE SALES 2ND LIEN TL 1.22% 86.08 85.05
10 MICHAELS STORES TL B 1.19% 96.04 94.91
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 8/30/19 - 9/6/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
NPC 2ND LIEN TL -11.44% 35.33 39.89
LUMILEDS DD TL -10.58% 53.72 60.07
SPEEDCAST TL B -9.13% 85.13 93.68
COMMERCIAL BARGE TL B -5.68% 55.95 59.32
P.F. CHANG'S TL -5.56% 90.00 95.30
ANASTASIA BEVERLY HILLS TL B -5.52% 76.83 81.31
COLORADO BUYER TL -4.86% 91.33 96.00
POWER BUYER 2ND LIEN TL -4.17% 80.04 83.52
IMAGINE! TL -3.93% 78.11 81.31
10  ACCUVANT TL B -3.75% 79.37 82.46
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 8/30/19 - 9/6/19
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 8/30/19 - 9/6/19
    • 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 8/30/19 - 9/6/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ENQUEST ENERGY SVCS CORP TL A 20 46 26 130%
2 ALBERTSONS TL B7 40 60 20 50%
3 MICRO FOCUS EUR TL B 24 44 20 83%
4 VERISURE MIDHOLDING AB EUR TL B1 44 64 20 45%
5 NETS HOLDING EUR TL C 28 46 18 64%
6 FLYNN RESTAURANT TL 0 18 18 N/A
7 DIVERSEY EUR TL 24 42 18 75%
8 AMER SPORTS EUR TL B 24 40 16 67%
9 FLINT GROUP EUR TL B 38 54 16 42%
10 SAIC TL B 26 42 16 62%
  • Exhibits the loans with the largest increase in quote volume for the week ending 8/30/19 vs. the week ending 9/6/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 EIRCOM FINCO SARL EUR TL B3 12
2 SERTA SIMMONS TL 12
3 LUMILEDS DD TL 10
4 ALLISON TRANSMISSION TL B 10
5 BUCCANEER TL 10
6 MALLINCKRODT TL B 9
7 VERITAS TL B1 9
8 JCREW TL B 9
9 STARS GROUP TL B 9
10 ALTICE FINANCING TL B 9
  • Ranks the loans that were quoted by the highest number of dealers between 8/30/19 - 9/6/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 8/30/19 - 9/6/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 8/30/19 - 9/6/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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