Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 7/21/17

Michael Pellerito, July 24, 2017

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, July 14th - Friday, July 21st.  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)

Want free access to Real-Time Composite pricing for Syndicated Bank Loans?

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Join the Loan Composite Beta

 

TOP 10 WINNERS
Rank Loan Chg Price Price - 1W
1 NINE WEST UNS TL 11.48% 35.67 32.00
2 CORTEFIEL EUR TL B 10.55% 92.47 83.64
3 BLACKHAWK MINING PIK 2ND LIEN TL 8.01% 60.00 55.55
4 GLOBAL EAGLE ENTERTMNT TL B 4.12% 92.93 89.25
5 ECO-BAT PIK EUR TL 3.94% 33.19 31.94
6 SEADRILL PARTNERS LLC EXT TL B 2.28% 63.81 62.39
7 PANDA TEMPLE I TL B 2.26% 73.05 71.44
8 ACADEMY SPORTS TL B 2.17% 79.12 77.44
9 FRAC TECH TL B 2.14% 82.35 80.62
10 AVERYS SA EUR TL B 1.69% 100.42 98.75
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 7/14/17 - 7/21/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 DEOLEO 2ND LIEN EUR TL -12.98% 48.25 55.45
2 SPENCER SPIRIT 2ND LIEN TL -1.54% 68.39 69.46
3 DELACHAUX TL B2 -1.29% 99.88 101.19
4 SPENCER SPIRIT TL B -1.21% 78.50 79.46
5 CUMULUS MEDIA TL -1.15% 79.43 80.36
6 BELK TL B -1.07% 83.12 84.01
7 DEOLEO EUR TL B -1.01% 72.10 72.83
8 DAVID'S BRIDAL TL B -0.98% 74.96 75.70
9 JASON INC TL -0.81% 90.26 91.00
10 PATHEON EUR TL -0.74% 100.38 101.12
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 7/14/17 - 7/21/17
 
Average Bid Price by Sector.png
  • Displays the average loan bid price by sector for the period between 7/14/17 - 7/21/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
 Market Sentiment.png
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 7/14/17 - 7/21/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 FOUR SEASONS TL B 21 56 35 167%
2 CAESARS ENTERTAINMENT EXIT TL B 44 78 34 77%
3 DYNEGY TL C 43 76 33 77%
4 RCN GRANDE DD TL 43 76 33 77%
5 DELL TL B 70 102 32 46%
6 NRG ENERGY TL B 48 78 30 63%
7 BRICKMAN GROUP EXT TL B 48 77 29 60%
8 XPO LOGISTICS INC TL B 34 62 28 82%
9 TRANSUNION HLDG CO INC TL B2 28 55 27 96%
10 SCIENTIFIC GAMES TL B3 40 66 26 65%
  • Exhibits the loans with the largest increase in quote volume for the week ending 7/14/17 vs. the week ending 7/21/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ZIGGO TL E 9
2 DELL TL B 9
3 US RENAL CARE TL 8
4 AVOLON TL B2 8
5 MALLINCKRODT TL B 8
6 AXALTA COATING SYSTEMS TL 8
7 BRICKMAN GROUP EXT TL B 7
8 IHEART TL D 7
9 DTZ TL B 7
10 NTL CABLE PLC TL I 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 7/14/17 - 7/21/17

 

Bid Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 7/14/17 - 7/21/17

 

Sector Bid Offer Spread v2.png

  • Displays the bid-offer spread by sector between 7/14/17 - 7/21/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 

Want free access to Real-Time Composite pricing for Syndicated Bank Loans?

Solve Advisors is launching a free Beta for qualified participants, where you will have unlimited access to Solve's composite loan pricing via the SolveQuotes platform.  Participants will be invited to share feedback and offer suggestions on our product. Click the link below to learn more and become a Beta participant! 

Join the Loan Composite Beta

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.