Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 6/15/18

Michael Pellerito, June 18, 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, June 8th - Friday, June 15th.  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 ACOSTA TL B 4.22% 82.85 79.50
2 SKILLSOFT EXT 2ND LIEN TL 2.86% 83.15 80.84
3 WINDSTREAM TL B7 2.83% 90.95 88.44
4 REVLON TL B 2.66% 78.36 76.33
5 HARVEY GULF TL B 2.17% 41.47 40.59
6 NBTY TL 2.04% 92.47 90.62
7 ACADEMY SPORTS TL B 1.74% 82.59 81.18
8 EASTMAN KODAK EXIT TL 1.48% 93.00 91.64
9 PETCO TL B 1.48% 71.98 70.93
10 CENGAGE TL 1.43% 91.41 90.11
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/8/18 - 6/15/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 LIGHTSQUARED EXIT 2ND LIEN TL -6.02% 29.97 31.89
2 VERITAS TL B1 -2.25% 91.81 93.92
3 HEALTHPORT TL B -2.08% 94.00 95.99
4 STRATEGIC MATERIALS TL -1.90% 97.51 99.40
5 SGB-SMIT EUR TL B -1.84% 90.58 92.28
6 BEACON HEALTH TL -1.78% 94.06 95.77
7 AIR METHODS TL -1.29% 98.01 99.29
8 AFFINITY GAMING TL B -1.23% 99.08 100.31
9 CONCORDIA HEALTHCARE TL -0.82% 89.21 89.95
10 UNILABS EUR TL B -0.75% 98.03 98.77
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/8/18 - 6/15/18
 
 Avg Bid PX by Sector
 
  • Displays the average loan bid price by sector for the period between 6/8/18 - 6/15/18
    • 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 6/8/18 - 6/15/18

 

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

PRIOR WEEK

THIS WEEK

 INCREASE % INCREASE
1 ACOSTA TL B 25 55 30 120%
2 DOUGLAS DYNAMICS EUR TL B1 3 33 30 1000%
3 ALLISON TRANSMISSION TL B 64 89 25 39%
4 CITYCENTER TL B 12 37 25 208%
5 NTL CABLE PLC TL K 66 90 24 36%
6 INOVYN EUR TL B 23 43 20 87%
7 BOYD GAMING CORP TL B 24 44 20 83%
8 EIRCOM FDG EUR TL B6 40 60 20 50%
9 SIG COMBIBLOC GROUP EUR TL B 32 51 19 59%
10 TMF GROUP HOLDING BV TL B 29 47 18 62%
  • Exhibits the loans with the largest increase in quote volume for the week ending 6/8/18 vs. the week ending 6/15/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 ALLISON TRANSMISSION TL B 9
2 VF HOLDINGS CORP TL 8
3 SPRINGER NATURE TL B13 8
4 FORTERRA TL 8
5 DELL TL B 8
6 NTL CABLE PLC TL K 8
7 US FOODS TL B 8
8 ON SEMI TL B 8
9 NEIMAN MARCUS TL B 7
10 INFOR TL B 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 6/8/18 - 6/15/18

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 6/8/18 - 6/15/18

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 6/8/18 - 6/15/18
    • 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?

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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.

 

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