Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 1/19/18

Michael Pellerito, January 22, 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, January 12th - Friday, January 19th.  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 COLE HAAN TL B 3.98% 97.50 93.77
2 EXPRO HOLDINGS TL B 3.62% 60.31 58.21
3 CHUCK E CHEESE TL B 3.22% 97.11 94.08
4 FULLBEAUTY 2ND LIEN TL 2.18% 27.59 27.00
5 MURRAY ENERGY TL B2 2.10% 91.99 90.09
6 SERTA SIMMONS TL 2.09% 96.77 94.79
7 ONVOY, LLC TL 1.92% 87.05 85.40
8 ASCENA RETAIL TL B 1.92% 86.62 84.99
9 GULF FINANCE TL B 1.78% 91.14 89.54
10 TOWN SPORTS INTL HLDGS INC TL B 1.39% 94.74 93.44
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/12/18 - 1/19/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 DIXIE ELECTRIC TL B -5.36% 53.00 56.00
2 FIELDWOOD ENERGY EXT 2ND LIEN TL -1.85% 29.23 29.78
3 HUDSON'S BAY TL B -1.22% 96.27 97.45
4 WINDSTREAM TL B7 -1.13% 89.03 90.05
5 SWISSPORT INVESTMENTS SA EUR TL -0.76% 97.70 98.45
6 LIGHTSQUARED EXIT 2ND LIEN TL -0.67% 59.97 60.38
7 INTELSAT TL B5 -0.55% 100.83 101.39
8 AMEDEO MSN 157 EUR TL B -0.52% 95.20 95.70
9 HARBOR FREIGHT TL -0.50% 100.25 100.76
10 TNT CRANE TL -0.50% 94.00 94.47
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/12/18 - 1/19/18
 
 Average Bid PX by Sector 2.png
 
  • Displays the average loan bid price by sector for the period between 1/12/18 - 1/19/18
    • 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 1/12/18 - 1/19/18
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 WEX MED CORP TL B 18 37 19 106%
2 ASCENA RETAIL TL B 20 36 16 80%
3 EQUINOX HLDGS INC TL 4 20 16 400%
4 AMERICAN AIRLINES TL B2 8 21 13 163%
5 VISTRA ENERGY TL B 10 20 10 100%
6 TOYS R US DIP TL 0 10 10 0%
7 STADIUM MANAGEMENT TL 10 20 10 100%
8 SONIFI SOLUTIONS INC TL 0 8 8 0%
9 VELOCITY POOLING TL B 0 8 8 0%
10 NOMACORC TL B 0 8 8 0%
  • Exhibits the loans with the largest increase in quote volume for the week ending 1/12/18 vs. the week ending 1/19/18
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 10
2 CUMULUS MEDIA TL 9
3 ABC SUPPLY TL 9
4 TELENET TL A 9
5 BMC SOFTWARE TL 9
6 GARDNER DENVER TL B 9
7 WEX MED CORP TL B 9
8 INFOR TL B 8
9 GRIFOLS WORLDWIDE TL B 8
10 BMC SOFTWARE TL 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 1/12/18 - 1/19/18

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 1/12/18 - 1/19/18

 

Sector Bid Offer Spread.png

  • Displays the bid-offer spread by sector between 1/12/18 - 1/19/18
    • 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.