Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 8/10/18

Michael Pellerito, August 13, 2018

Solve Advisor's weekly loan newsletter highlights trends in the Syndicated Bank Loan market.

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, August 3rd - Friday, August 10th.  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 EDDIE BAUER TL B 5.38% 89.47 84.90
2 NEIMAN MARCUS TL B 2.84% 91.26 88.74
3 BELK TL B 1.28% 79.81 78.80
4 KINOVE EUR TL B 0.86% 98.59 97.75
5 MALLINCKRODT EXT TL B 0.74% 99.91 99.18
6 ASURION 2ND LIEN TL 0.68% 102.17 101.48
7 NEUSTAR 2ND LIEN TL 0.63% 97.74 97.12
8 BIOGROUP EUR TL B 0.61% 99.33 98.73
9 JCREW TL B 0.57% 85.73 85.24
10 COMMUNICATIONS S&L TL B 0.52% 96.42 95.92
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 8/3/18 - 8/10/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 DIEBOLD EUR TL B -15.67% 83.45 98.65
2 CATALINA MARKETING 2ND LIEN TL -15.32% 20.50 24.21
3 SGB-SMIT EUR TL B -4.78% 83.99 88.20
4 RENTPATH TL -4.19% 85.47 89.21
5 SLV GROUP GMBH EUR TL B -3.30% 87.03 90.00
6 MACDONALD DETTWILER TL B -1.60% 98.33 99.93
7 SERTA SIMMONS TL -1.33% 82.47 83.58
8 DUEMMEN ORANGE EUR TL -1.14% 85.50 86.48
9 HILDING ANDERS EUR TL -0.78% 97.94 98.71
10 MCGRAW-HILL GLOBAL TL -0.77% 97.48 98.24
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 8/3/18 - 8/10/18
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 8/3/18 - 8/10/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Sentiment
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 8/3/18 - 8/10/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 ALTICE FINANCING TL B 30 56 26 87%
2 CERAMTEC EUR TL B 26 49 23 88%
3 ALTICE FINANCING EUR TL B 0 22 22 N/A
4 ACADIA HEALTHCARE TL B4 8 28 20 250%
5 NUMERICABLE TL B12 30 50 20 67%
6 KINETIC CONCEPTS TL B 27 43 16 59%
7 GOODPACK 2ND LIEN TL 19 34 15 79%
8 FONCIA GROUPE EUR TL B 10 24 14 140%
9 ACADIA HEALTHCARE TL B3 2 16 14 700%
10 ALL 3 MEDIA GBP TL B 38 52 14 37%
  • Exhibits the loans with the largest increase in quote volume for the week ending 8/3/18 vs. the week ending 8/10/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 MISYS TL B 8
2 ALLISON TRANSMISSION TL B 8
3 CEVA SANTE ANIMALE EUR TL B 7
4 AMEDEO MSN 157 EUR TL B 7
5 MEDIQ INC EUR TL B 7
6 REYNOLDS GROUP TL B 7
7 STATION CASINO TL B 7
8 FORTERRA TL 7
9 FIRST DATA CORP TL 7
10 GARDNER DENVER TL B 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 8/3/18 - 8/10/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 8/3/18 - 8/10/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 8/3/18 - 8/10/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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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.