Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 6/2/17

Michael Pellerito, June 05, 2017

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, May 26th - Friday, June 2nd.  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)

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TOP 10 WINNERS
Rank Loan Chg Price Price - 1W
1 ACADEMY SPORTS TL B 12.13% 82.99 74.02
2 FIRST ADVANTAGE CORP TL B 4.55% 90.96 87.00
3 AENOVA 2ND LIEN EUR TL 3.20% 88.99 86.23
4 HC STARCK 2ND LIEN EUR TL 3.11% 72.18 70.00
5 HOMER CITY TL B 2.21% 90.89 88.93
6 CUNNINGHAM LINDSEY TL B 1.65% 89.48 88.03
7 ADVANTAGE SALES 2ND LIEN TL 1.50% 98.05 96.60
8 CACTUS WELLHEAD TL B 1.48% 96.01 94.61
9 INFOPRO DIGITAL EUR TL B 1.38% 99.10 97.75
10 99 CENTS ONLY STORES TL B 1.32% 93.08 91.86
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 5/26/17 - 6/2/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 HEALOGICS EXT TL B -5.61% 75.25 79.72
2 GULF FINANCE HOUSE TL B -3.24% 95.66 98.86
3 SEADRILL PARTNERS LLC EXT TL B -1.49% 67.38 68.40
4 STENA TL B -1.00% 90.04 90.95
5 NEIMAN MARCUS TL B -0.97% 78.02 78.78
6 PETSMART TL B -0.94% 95.77 96.68
7 CALIFORNIA RESOURCES CRP TL B -0.90% 109.50 110.50
8 MULTIPLAN TL B -0.89% 100.00 100.90
9 SIX FLAGS TL B -0.86% 100.16 101.03
10 BAKERCORP TL B -0.80% 96.07 96.85
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 5/26/17 - 6/2/17
 
Average Bid Price By Sector.png
  • Displays the average loan bid price by sector for the period between 5/26/17 - 6/2/17
    • Note: 5/29 was excluded in the chart due to a bank holiday
  • 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 5/26/17 - 6/2/17
    • Note: 5/29 was excluded in the chart due to a bank holiday
 
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 UPC TL 38 87 49 129%
2 INEOS FIN EUR TL B 0 48 48 0%
3 VERITAS AG EUR TL B 0 46 46 0%
4 VISTRA ENERGY TL B 21 67 46 0%
5 INEOS FIN TL B 35 79 44 219%
6 NUMERICABLE TL B11 36 80 44 122%
7 ZIGGO TL E 30 74 44 147%
8 WESTERN DIGITAL TL B2 34 75 41 141%
9 TELENET TL A 29 70 41 141%
10 HYPERION TL B 5 46 41 820%
  • Exhibits the loans with the largest increase in quote volume for the week ending 5/26/17 vs. the week ending 6/2/17

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 DELL TL B 10
2 UPC TL 10
3 FORMULA ONE TL B 10
4 RIVERBED TL B 9
5 ELLUCIAN / SOPHIA TL B 9
6 INFOR TL B 9
7 INEOS FIN TL B 9
8 UNIVISION TL C5 9
9 WESTERN DIGITAL TL B2 9
10 NUMERICABLE TL B11 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 5/26/17 - 6/2/17

 

Bid and Offer Volumne.png

  • Reveals the total number of quotes by bid and offer for the period between 5/26/17 - 6/2/17
    • Note: 5/29 was excluded in the chart due to a bank holiday

 

Sector Bid-Offer Spread.png

  • Displays the bid-offer spread by sector between 5/26/17 - 6/2/17
    • Note: 5/29 was excluded in the chart due to a bank holiday
  • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 

If you would like to evaluate our real-time composite pricing and the SolveQuotes platform:

 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.