Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 10/27/17

Michael Pellerito, October 30, 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 20th - Friday, October 27th.  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 CONCORDIA HEALTHCARE GBP TL B 5.81% 84.51 79.87
2 BIRCH COMMUNICATIONS TL 3.45% 90.31 87.29
3 WALTER INVESTMENT TL 3.06% 94.24 91.44
4 EDDIE BAUER TL B 2.58% 56.42 55.00
5 ACADEMY SPORTS TL B 2.02% 73.58 72.12
6 DAVID'S BRIDAL TL B 2.00% 82.16 80.55
7 LONGVIEW POWER EXIT TL B 1.91% 63.12 61.94
8 SKILLSOFT EXT 2ND LIEN TL 1.83% 84.07 82.56
9 IPC SYSTEMS 2ND LIEN TL 1.16% 87.00 86.00
10 FLEETPRIDE 2ND LIEN TL 1.07% 95.02 94.01
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 10/20/17 - 10/27/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 DEOLEO 2ND LIEN EUR TL -9.41% 41.67 46.00
2 SMS SYSTEMS TL -5.37% 90.71 95.86
3 STAPLES TL -3.97% 95.25 99.19
4 99 CENTS ONLY STORES TL B -3.86% 91.33 95.00
5 CATALINA MARKETING 2ND LIEN TL -2.73% 53.16 54.66
6 EXPRO HOLDINGS TL B -1.63% 64.10 65.17
7 JCREW TL B -1.39% 56.98 57.78
8 ACCUVANT 2ND LIEN TL -1.09% 91.00 92.00
9 ACCUVANT TL B -1.05% 93.99 94.98
10 COMMUNICATIONS S&L TL B -0.97% 95.77 96.71
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 10/20/17 - 10/27/17
 
Average Bid PX by Sector.png
 
  • Displays the average loan bid price by sector for the period between 10/20/17 - 10/27/17
    • 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 10/20/17 - 10/27/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DELL TL B 16 102 86 538%
2 RIVERBED TL B 53 92 39 74%
3 TRAVELPORT TL 60 97 37 62%
4 ZEBRA TECHNOLOGIES CORP TL 53 88 35 66%
5 AUDATEX NORTH AMER INC TL B 57 92 35 61%
6 BEACON ROOFING TL B 21 55 34 162%
7 VANTIV INC TL B4 34 68 34 100%
8 KRONOS TL B 70 104 34 49%
9 SOLARWINDS INC TL 58 90 32 55%
10 WEX MED CORP TL B 60 91 31 52%
  • Exhibits the loans with the largest increase in quote volume for the week ending 10/20/17 vs. the week ending 10/27/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 WIND ACQUISITION FIN S A EUR TL B 9
2 VALEANT PHARMACEUTICALS TL F1 9
3 UNIVISION TL C5 9
4 NIELSEN FINANCE TL B4 9
5 KRONOS TL B 9
6 MULTIPLAN TL B 9
7 TRAVELPORT TL 9
8 DELL TL B 9
9 INFORMATICA TL B 8
10 REXNORD TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 10/20/17 - 10/27/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 10/20/17 - 10/27/17

 

Sector Bid Offer Spread v2.png

  • Displays the bid-offer spread by sector between 10/20/17 - 10/27/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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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.