Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 10/20/17

Michael Pellerito, October 23, 2017

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, October 13th - Friday, October 20th.  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 PARADIGM TL B 30.40% 98.40 75.46
2 CONCORDIA HEALTHCARE TL 7.61% 82.27 76.45
3 PHOTONIS TL 4.28% 84.60 81.13
4 WINDSTREAM TL B7 2.87% 89.87 87.36
5 IPC SYSTEMS 2ND LIEN TL  1.78% 86.00 84.50
6 STENA TL B 1.70% 91.87 90.34
7 NEIMAN MARCUS TL B 1.55% 79.02 77.81
8 EPIC HEALTH 2ND LIEN TL 1.52% 100.50 99.00
9 SYNCHRONOSS TECHNOLOGIES 1.46% 99.88 98.45
10 VISKASE COS INC TL B 1.46% 96.38 95.00
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 10/13/17 - 10/20/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 AVAYA TL B7 -24.39% 30.09 39.79
2 ADVANTAGE SALES 2ND LIEN TL -1.80% 85.58 87.14
3 SERTA SIMMONS 2ND LIEN TL -1.53% 94.83 96.31
4 EASTMAN KODAK EXIT TL -1.02% 97.00 98.00
5 JCREW TL B -0.97% 57.78 58.35
6 EFS COGEN TL -0.94% 100.33 101.27
7 AVAYA TL B7 -0.71% 83.50 84.10
8 COMMERCIAL BARGE TL -0.66% 78.48 79.00
9 BELK TL B -0.60% 83.01 83.52
10 STYROLUTION TL B -0.58% 100.01 100.59
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 10/13/17 - 10/20/17
 
Avg Bid PX by Sector v2.png
 
  • Displays the average loan bid price by sector for the period between 10/13/17 - 10/20/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Sentiment v2.png 
 
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 10/13/17 - 10/20/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

 INCREASE % INCREASE
1 UPC TL 43 101 58 135%
2 NUMERICABLE TL B12 30 84 54 180%
3 CONCORDIA HEALTHCARE TL 20 69 49 245%
4 GRIFOLS WORLDWIDE TL B 66 114 48 73%
5 BRAND ENERGY TL 44 90 46 105%
6 WARNER MUSIC TL 38 84 46 121%
7 UNIVAR TL B2 56 101 45 80%
8 KRONOS TL B 50 94 44 88%
9 IMS HEALTH TL B2 14 58 44 314%
10 INFOR TL B 50 94 44 88%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/13/17 vs. the week ending 10/20/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 UPC TL 10
2 ACADEMY SPORTS TL B 8
3 CONCORDIA HEALTHCARE TL 8
4 PETSMART TL B 8
5 RIVERBED TL B 8
6 WEST CORP TL B12 8
7 INFOR TL B 8
8 AUDATEX NORTH AMER INC TL B 8
9 KRONOS TL B 8
10 WEX MED CORP TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 10/13/17 - 10/20/17

 

Bid and Offer Volume v2.png

  • Reveals the total number of quotes by bid and offer for the period between 10/13/17 - 10/20/17

 

Sector Bid Offer Spread v2.png

  • Displays the bid-offer spread by sector between 10/13/17 - 10/20/17
    • 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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