Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 2/28/20

Michael Pellerito, March 02, 2020

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Our weekly newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.

  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 MALLINCKRODT EXT TL B 5.63% 88.08 83.38
2 RODENSTOCK EUR TL B 5.53% 99.49 94.28
3 TRANSCENDIA TL B 3.71% 80.10 77.23
4 PROGREXION TL 1.74% 48.23 47.41
5 RENTPATH TL 1.08% 77.56 76.74
6 HERA EUR TL 0.86% 99.05 98.20
7 ATNAHS PHARMA UK LTD EUR TL 0.60% 100.05 99.45
8 CHEMOURS EUR TL B 0.53% 99.43 98.91
9 EDMENTUM TL B 0.51% 94.22 93.74
10 VAN HUESEN TL A 0.22% 99.79 99.57
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 2/21/20 - 2/28/20
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
IQOR 2ND LIEN TL -28.20% 36.83 51.30
2 LONGVIEW POWER EXIT TL B -24.14% 37.86 49.91
SEADRILL PARTNERS LLC EXT TL B -20.16% 34.63 43.37
LUMILEDS TL B -16.11% 47.62 56.76
CALIFORNIA RESOURCES TL -11.37% 57.65 65.05
SPEEDCAST TL B -7.88% 64.10 69.58
24 HOUR FITNESS TL B -6.64% 72.63 77.80
DUEMMEN ORANGE EUR TL B -5.97% 56.61 60.21
CINEWORLD TL B -5.45% 92.30 97.62
10  CAMPING WORLD TL B -5.03% 90.67 95.47
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 2/21/20 - 2/28/20
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 2/21/20 - 2/28/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Market Sentiment - Advancers vs. Decliners
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 2/21/20 - 2/28/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 FIRST EAGLE TL B 11 32 21 191%
2 PARTY CITY TL B 39 58 19 49%
3 SIVANTOS EUR TL B 6 24 18 300%
4 TRANSDIGM INC. TL F 22 40 18 82%
5 POWER SOLUTIONS EUR TL B 18 34 16 89%
6 UBER TECHNOLOGIES TL B 11 26 15 136%
7 OXEA EUR TL B1 0 14 14 N/A
8 GETTY IMAGES EUR TL B 0 14 14 N/A
9 CAMPING WORLD TL B 35 48 13 37%
10 PETSMART NON-CONSENTED TL B2 9 22 13 144%
  • Exhibits the loans with the largest increase in quote volume for the week ending 2/21/20 vs. the week ending 2/28/20
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 HARLAND CLARKE TL B7 19
2 SIGMA BIDCO EUR TL B 16
3 VERISURE MIDHOLDING AB EUR TL B1 16
4 GTT COMMUNICATIONS TL B 16
5 WEBHELP EUR TL B 16
6 ACTION NEDERLAND EUR TL B 16
7 RIVERBED TL B 15
8 SEADRILL PARTNERS LLC EXT TL B 15
9 ASCENA RETAIL TL B 15
10 WEST CORP TL B 15
  • Ranks the loans that were quoted by the highest number of dealers between 2/21/20 - 2/28/20

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 2/21/20 - 2/28/20

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 2/21/20 - 2/28/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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