Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 2/16/18

Michael Pellerito, February 20, 2018

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

Want to receive Solve's Bank Loan summaries in your inbox directly?

 Subscribe to Solve's Market Summaries...

Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 REQUEST A FREE TRIAL


Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, February 9th - Friday, February 16th.  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 PHILADELPHIA ENERGY TL B 5.88% 74.38 70.25
2 CONCORDIA HEALTHCARE GBP TL B 4.12% 88.28 84.79
3 LONGVIEW POWER EXIT TL B 2.53% 82.30 80.27
4 CONCORDIA HEALTHCARE TL 2.27% 88.92 86.94
5 LIVINGSTON TL B 2.53% 99.11 96.67
6 BRITAX CHILD SAFETY INC TL B 0.98% 85.88 85.05
7 COTY TL B 0.97% 100.33 99.36
8 ADVANCED COMPUTER 2ND LIEN TL 0.96% 98.26 97.32
9 LIBBEY GLASS TL B 0.96% 96.98 96.06
10 CIRQUE DE SOLEIL 2ND LIEN TL 0.89% 99.63 98.75
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 2/9/18 - 2/16/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 VELOCITY POOLING TL B -33.33% 30.00 45.00
2 HOUSE OF FRASER GBP TL -10.38% 77.19 86.13
3 COLT DEFENSE EXIT TL -5.45% 52.00 55.00
4 ISOLA TL B -3.91% 50.05 52.09
5 CENGAGE TL -3.45% 93.48 96.82
6 MURRAY ENERGY TL B2 -2.92% 88.94 85.18
7 AENOVA 2ND LIEN EUR TL -2.02% 83.46 76.61
8 IHEART TL D -1.91% 75.14 79.61
9 REVLON GROUP INC TL B -1.64% 78.21 79.51
10 SERTA SIMMONS 2ND LIEN TL -1.51% 90.86 92.26
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 2/9/18 - 2/16/18
 
 Average Bid PX By Sector.png
 
  • Displays the average loan bid price by sector for the period between 2/9/18 - 2/16/18
    • 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 2/9/18 - 2/16/18

 

TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 SIG COMBIBLOC GROUP TL 33 54 21 64%
2 AMERICAN ENERGY MARCELLUS TL 14 34 20 143%
3 CEVA GROUP TL B 0 16 16 N/A
4 MISYS EUR TL B 24 40 16 67%
5 BWAY HOLDING TL 35 50 15 43%
6 EURO GARAGES LTD TL B1 41 56 15 37%
7 COMPUWARE TL B3 4 18 14 350%
8 PLATFORM SPECIALTY TL B6 18 32 14 78%
9 VERITAS TL B1 34 48 14 41%
10 NORD ANGLIA EDUCATION FINANC TL 9 22 13 144%
  • Exhibits the loans with the largest increase in quote volume for the week ending 2/9/18 vs. the week ending 2/16/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 REVLON GROUP INC TL B 12
2 COMMUNITY HEALTH TL G 9
3 GARDNER DENVER TL B 9
4 COMMUNITY HEALTH TL H 9
5 LIGHTSTONE GENERATION LLC TL B 9
6 BERRY PLASTICS TL M 9
7 DELL TL B 9
8 INFOR TL B 8
9 BMC SOFTWARE TL 8
10 TRAVELPORT TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 2/9/18 - 2/16/18

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 2/9/18 - 2/16/18

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 2/9/18 - 2/16/18
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

 REQUEST A FREE TRIAL

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.