Monthly Syndicated Bank Loan Market Summary

Solve Advisor's monthly loan newsletter highlights trends in the Syndicated Bank Loan market.

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Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?

Solve has aggregated and organized key trends derived from observable loan price data for the month of February 2019 versus January 2019. In the tables and charts below, you'll find:

Top 10 Loan Price Winners
Top 10 Loan Price Losers
Average Bid Price (By industry sector)
Market Sentiment
Top Quote Volume Movers
Most Quoted Loans
Bid and Offer Volume
Bid Offer Spread (By industry sector)

TOP 10 WINNERS
Rank	Loan	Chg	Price	Price - 1M
1	LIGHTSQUARED EXIT PIK 2ND LIEN TL	34.49%	29.07	21.61
2	LANNET TL B	10.35%	91.97	83.35
3	CENGAGE TL	9.19%	92.11	84.36
4	WINDSTREAM SERVICES LLC TL B7	8.08%	93.08	86.12
5	UNIMIN CORP TL	7.58%	85.50	79.47
6	DIEBOLD TL B	6.97%	93.00	86.94
7	MONEYGRAM EXT TL B	6.90%	92.46	86.49
8	KLOECKNER TL B	5.99%	90.91	85.77
9	SAVE A LOT TL B	5.71%	57.31	54.22
10	IQOR 2ND LIEN TL	5.64%	76.97	72.87

Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 2/1/19 - 2/28/19

TOP 10 LOSERS
Rank	Loan	Chg	Price	Price - 1M
1	CTI FOODS TL	-23.13%	50.10	65.17
2	SKILLSOFT EXT 2ND LIEN TL	-17.89%	40.52	49.34
3	RENTPATH 2ND LIEN TL	-14.52%	39.30	45.97
4	SGB-SMIT EUR TL B	-11.03%	72.59	81.59
5	AFFINION GROUP TL B	-7.49%	90.10	97.40
6	RADIATION THERAPY SERVICES EXIT TL B	-5.44%	83.22	88.01
7	SERTA SIMMONS 2ND LIEN TL	-4.96%	66.92	70.41
8	WEIGHT WATCHERS TL B	-4.22%	95.21	99.41
9	VIP CINEMA TL	-4.20%	94.60	98.74
10	MEDICAL DEPOT TL	-4.07%	87.65	91.37

Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 2/1/19 - 2/28/19

Displays the average loan bid price by sector for the period between 2/1/19 - 2/28/19
- 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 2/1/19 - 2/28/19

TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK	TRANCHE	PRIOR MONTH	THIS MONTH	INCREASE	% INCREASE
1	NORMID TL B	8	195	187	2338%
2	POST HOLDINGS TL B	100	218	118	118%
3	GFL ENVIRONMENTAL CORP TL B	60	162	102	170%
4	MCDERMOTT TL B	114	214	100	88%
5	KOFAX TL	10	102	92	920%
6	ROCKET SOFTWARE TL	10	102	92	920%
7	RACKSPACE HOSTING TL B	111	186	75	68%
8	HILEX POLY EXT TL	126	192	66	52%
9	FLEETPRIDE TL	4	70	66	1650%
10	AVANTOR TL B	134	196	62	46%

Exhibits the loans with the largest increase in quote volume for the month ending 1/31/19 vs. the month ending 2/28/19
Includes only loans outstanding

MOST QUOTED LOANS
RANK	TRANCHE	DEALERS
1	NEIMAN MARCUS TL B	11
2	MURRAY ENERGY TL B2	11
3	ESH HOSPITALITY TL B	11
4	INEOS FIN TL B	10
5	AVAYA TL B	10
6	IQOR TL B	9
7	EAGLECLAW TL B	9
8	AMEOS EUR TL B	9
7	CINEWORLD TL B	9
10	NTL CABLE PLC GBP TL M	9

Ranks the loans that were quoted by the highest number of dealers for the period between 2/1/19 - 2/28/19

Bid and Offer Volume

Reveals the total number of quotes by bid and offer for the period between 2/1/19 - 2/28/19

Sector Bid Offer Spread

Displays the bid-offer spread by sector between 2/1/19 - 2/28/19
- 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?

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.

Solve Advisors Syndicated Bank Loan Market Summaries

Monthly Syndicated Bank Loan Market Summary - February 2019

Solve has aggregated and organized key trends derived from observable loan price data for the month of February 2019 versus January 2019. In the tables and charts below, you'll find: