Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 8/11/17

Michael Pellerito, August 14, 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, August 4th  - Friday, August 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 FULLBEAUTY 2ND LIEN TL 9.64% 44.89 40.95
2 FRAC TECH TL B 6.33% 90.45 85.06
3 CATALINA MARKETING TL B 5.94% 86.39 81.55
4 LONESTAR GENERATION EXT TL B 3.30% 82.99 80.34
5 FULLBEAUTY TL 3.22% 65.44 63.40
6 AMERICAN ENERGY MARCELLUS TL 2.02% 65.21 63.92
7 FLAKT WOODS EUR TL B 1.23% 97.49 96.31
8 US RENAL CARE 2ND LIEN TL 0.77% 97.95 97.20
9 SPRINT INDUSTRIAL TL 0.69% 86.71 86.11
10 REVLON GROUP INC TL B 0.67% 90.27 89.67
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 8/4/17 - 8/11/17
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
1 FORTERRA TL -12.07% 84.30 95.87
2 SEADRILL PARTNERS LLC EXT TL B -5.63% 63.22 66.99
3 FERRARA CANDY TL B -4.45% 94.11 98.49
4 COMMUNICATIONS S&L TL B -3.72% 96.28 100.01
5 PETSMART TL B -2.91% 90.99 93.71
6 ACADEMY SPORTS TL B -2.57% 73.97 75.93
7 ADVANTAGE SALES EXT TL -2.36% 97.13 99.48
8 PGS TL B -2.21% 81.26 83.10
9 GLOBAL EAGLE ENTERTMNT TL B -2.01% 95.50 97.46
10 VIVID SEATS TL -1.61% 99.13 100.75
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 8/4/17 - 8/11/17
 
Average Bid PX By Sector v4.png
  • Displays the average loan bid price by sector for the period between 8/4/17 - 8/11/17
    • 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 8/4/17 - 8/11/17
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

 INCREASE % INCREASE
1 GRIFOLS WORLDWIDE TL B 31 97 66 213%
2 KRONOS TL B 50 90 40 80%
3 TRAVELPORT TL 4 40 36 900%
4 WESTERN DIGITAL TL B2 54 90 36 67%
5 DELL TL B 77 112 35 45%
6 THOMSON REUTERS CORP TL 32 66 34 106%
7 QUORUM HEALTH CORP TL 34 67 33 97%
8 TELENET TL A 69 101 32 46%
9 VERTAFORE, INC. TL 36 68 32 89%
10 LANDESK TL 34 66 32 94%
  • Exhibits the loans with the largest increase in quote volume for the week ending 8/4/17 vs. the week ending 8/11/17
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 GRIFOLS WORLDWIDE TL B 13
2 AVAYA EXT TL B3 10
3 KRATON POLYMERS LLC / KRATON TL 10
4 ZEBRA TECHNOLOGIES CORP TL B 9
5 TRAVELPORT TL C 9
6 AVAYA DIP TL 9
7 DELL TL B 9
8 TELENET TL A 9
9 LONESTAR GENERATION EXT TL B 8
10 DAVID'S BRIDAL TL B 8
  • Ranks the loans that were quoted by the highest number of dealers for the period between 8/4/17 - 8/11/17

 

Bid and Offer Volume.png

  • Reveals the total number of quotes by bid and offer for the period between 8/4/17 - 8/11/17

 

Sector Bid Offer Spread v3.png

  • Displays the bid-offer spread by sector between 8/4/17 - 8/11/17
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

 

Want free access to Real-Time Composite pricing for Syndicated Bank Loans?

Solve Advisors is launching a free Beta for qualified participants, where you will have unlimited access to Solve's composite loan pricing via the SolveQuotes platform.  Participants will be invited to share feedback and offer suggestions on our product. Click the link below to learn more and become a Beta participant! 

Join the Loan Composite Beta

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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