Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 2/14/20

Michael Pellerito, February 18, 2020

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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 LIGHTSQUARED EXIT PIK TL 19.14% 64.43 54.08
2 TRANSCENDIA TL B 6.33% 76.48 71.93
3 RIVERBED TL B 6.24% 92.43 87.01
4 ACADEMY SPORTS TL B 5.03% 84.25 80.22
5 ALVOGEN TL B 3.79% 90.19 86.90
6 ALORICA TL B 3.71% 86.90 83.79
7 LSC COMMUNICATIONS TL B 3.02% 66.58 64.63
8 POWER BUYER 2ND LIEN TL 2.79% 82.99 80.73
9 MEMORA EUR TL B3 2.39% 89.81 87.72
10 OGF(POMPES FUNEBRES GENERALE) EUR TL B 1.66% 88.21 86.77
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 2/7/20 - 2/14/20
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
SPEEDCAST TL B -11.31% 71.67 80.81
2 CHIEF POWER TL B -8.80% 47.96 52.59
VIP CINEMA TL -8.12% 55.58 60.50
LUMILEDS TL B -7.78% 52.07 56.46
BOYD CORP 2ND LIEN TL -6.17% 73.00 77.80
REVERE POWER TL B -5.48% 92.89 98.28
CALIFORNIA RESOURCES TL -5.47% 65.21 68.99
TNT CRANE 2ND LIEN TL -4.87% 57.66 60.62
SEADRILL PARTNERS LLC EXT TL B -3.13% 44.73 46.18
10  PERSTORP EUR TL -2.68% 95.48 98.11
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 2/7/20 - 2/14/20
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 2/7/20 - 2/14/20
    • 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 2/7/20 - 2/14/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 BJ'S TL B 32 68 36 113%
2 UPC HOLDING BV TL 3 30 27 900%
3 TRANSDIGM INC. TL E 33 56 23 70%
4 TRANSDIGM INC. TL G 31 54 23 74%
5 TRANSDIGM INC. TL F 14 34 20 143%
6 CALPINE CORP TL B10 44 63 19 43%
7 HUSKY INJECTION MOLDING TL B 55 71 16 29%
8 JEFFERIES FINANCE TL 4 20 16 400%
9 FOCUS FINANCIAL TL B 10 23 13 130%
10 TEMPO ACQUISITION TL B 30 43 13 43%
  • Exhibits the loans with the largest increase in quote volume for the week ending 2/7/20 vs. the week ending 2/14/20
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 WEBHELP EUR TL B 16
2 WEST CORP TL B 16
3 UNITED NATURAL FOODS TL B 16
4 ACTION NEDERLAND EUR TL B 16
5 SIGMA BIDCO EUR TL B 15
6 ASCENA RETAIL TL B 15
7 VERISURE MIDHOLDING AB EUR TL B1 15
8 TRANSDIGM INC. TL F 15
9 DORNA SPORTS EUR TL B 14
10 SEADRILL PARTNERS LLC EXT TL B 14
  • Ranks the loans that were quoted by the highest number of dealers between 2/7/20 - 2/14/20

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 2/7/20 - 2/14/20

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 2/7/20 - 2/14/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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