Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 5/11/18

Michael Pellerito, May 14, 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, May 4th - Friday, May 11th.  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 CATALINA MARKETING 2ND LIEN TL 10.68% 22.37 20.21
2 KLOECKNER TL B 2.92% 96.90 94.15
3 CHUCK E CHEESE TL B 2.81% 91.24 88.75
4 RENTPATH TL 2.16% 93.97 91.99
5 FORTERRA TL 2.08% 93.89 91.97
6 SEADRILL PARTNERS LLC EXT TL B 2.01% 87.47 85.74
7 SCHUMACHER GROUP TL 1.80% 99.54 97.78
8 SOLENIS 2ND LIEN TL 1.74% 98.70 97.01
9 WENCOR GROUP 2ND LIEN TL 1.59% 95.50 94.00
10 PETCO TL B 1.56% 68.97 67.91
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 5/4/18 - 5/11/18
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 NBTY 2ND LIEN TL -6.52% 72.18 77.21
2 WINEBOW TL B -2.35% 95.42 97.71
3 TOYS R US PROPCO TL B -2.25% 82.26 84.15
4 REVLON TL B -1.88% 75.54 76.99
5 ANCHOR GLASS 2ND LIEN TL -1.19% 94.48 95.62
6 UNIVISION TL C5 -0.97% 97.51 98.47
7 MCGRAW-HILL GLOBAL TL -0.97% 95.85 96.79
8 HARLAND CLARKE TL B7 -0.91% 99.83 100.75
9 QUORUM HEALTH TL -0.90% 101.25 102.16
10 CIRQUE DE SOLEIL 2ND LIEN TL -0.89% 97.52 98.40
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 5/4/18 - 5/11/18
 
 Average Bid PX By Sector
 
  • Displays the average loan bid price by sector for the period between 5/4/18 - 5/11/18
    • 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) for the period between 5/4/18 - 5/11/18

 

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

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 BMC SOFTWARE TL B1 32 70 38 119%
2 FULLBEAUTY TL 17 38 21 124%
3 PETSMART TL B 33 50 17 52%
4 CATALINA MARKETING 2ND LIEN TL 4 20 16 400%
5 CHEMOURS TL B 20 36 16 80%
6 YUM BRANDS INC TL B 10 26 16 160%
7 PETCO TL B 36 51 15 42%
8 COMMERCIAL BARGE TL 22 36 14 64%
9 WEST CORP TL 32 46 14 44%
10 AMERICAN AIRLINES TL B 20 33 13 65%
  • Exhibits the loans with the largest increase in quote volume for the week ending 5/4/18 vs. the week ending 5/11/18

 

MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 BMC SOFTWARE TL 10
2 TRANSDIGM INC TL E 9
3 BERRY PLASTICS TL Q 9
4 SKILLSOFT EXT TL 8
5 DELL TL B 8
6 AVOLON TL B2 8
7 ALLISON TRANSMISSION TL B 8
8 INTELSAT TL B3 8
9 COOPER STANDARD TL B 8
10 CATALINA MARKETING TL B 7
  • Ranks the loans that were quoted by the highest number of dealers for the period between 5/4/18 - 5/11/18

 

Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 5/4/18 - 5/11/18

 

Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 5/4/18 - 5/11/18
    • 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.