Syndicated Bank Loan Market Summary - Week Ending 12/15/17

Written by Michael Pellerito | Dec 18, 2017 2:14:42 PM

Solve Advisor's weekly 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 period between Friday, December 8th - Friday, December 15th. 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 - 1W
1	CROSBY 2ND LIEN TL	8.09%	90.98	84.17
2	DIXIE ELECTRIC TL B	3.70%	56.00	54.00
3	AENOVA 2ND LIEN EUR TL	3.53%	84.03	81.16
4	HEALOGICS EXT TL B	3.09%	87.29	84.67
5	FORTERRA TL	3.09%	93.48	90.68
6	IHEART TL D	2.47%	73.50	71.73
7	LONGVIEW POWER EXIT TL B	2.38%	68.58	66.99
8	CPI CARD GROUP TL B	2.35%	73.00	71.32
9	HC STARCK 2ND LIEN EUR TL	2.15%	93.25	91.29
10	UTEX 2ND LIEN TL	1.73%	94.68	93.06

Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 12/8/17 - 12/15/17

TOP 10 LOSERS
Rank	Loan	Chg	Price	Price - 1W
1	PHILLIPS PET 2ND LIEN TL	-38.70%	39.76	64.87
2	PETSMART TL B	-9.90%	77.29	85.79
3	CROSSMARK TL	-9.59%	46.34	51.25
4	PETCO TL B	-8.31%	73.67	80.35
5	SERTA SIMMONS TL	-5.26%	91.23	96.30
6	CHUCK E CHEESE TL B	-5.03%	93.60	98.56
7	SWISSPORT INVESTMENTS SA EUR TL	-2.89%	96.65	99.53
8	ALBANY MOLECULAR RESH INC 2ND LIEN TL	-2.83%	98.24	101.09
9	COMMERCIAL BARGE TL	-1.69%	58.26	59.26
10	GULF FINANCE HOUSE TL B	-1.62%	90.90	92.39

Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 12/8/17 - 12/15/17

Displays the average loan bid price by sector for the period between 12/8/17 - 12/15/17
- Results are based on 5 select industry sectors, however, we offer data across 36 sectors

Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 12/8/17 - 12/15/17

TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK	TRANCHE	PRIOR WEEK	THIS WEEK	INCREASE	% INCREASE
1	TELENET TL A	16	46	30	188%
2	RESEARCH NOW TL B	2	30	28	1400%
3	RACKSPACE HOSTING INC TL B	12	36	24	200%
4	PETSMART TL B	38	60	22	58%
5	REXNORD TL	10	31	21	210%
6	OBERTHUR TECHNOLOGIES SA EUR TL B1	34	50	16	47%
7	PAYSAFE TL B1	9	25	16	178%
8	SEAWORLD TL B2	33	48	15	45%
9	BMC SOFTWARE TL	51	66	15	29%
10	DUFF & PHELPS TL B	14	29	15	107%

Exhibits the loans with the largest increase in quote volume for the week ending 12/8/17 vs. the week ending 12/15/17

MOST QUOTED LOANS
RANK	TRANCHE	DEALERS
1	GRIFOLS WORLDWIDE TL B	11
2	DELL TL B	10
3	INFOR TL B	9
4	ABC SUPPLY TL	9
5	QUIKRETE TL B	9
6	WARNER MUSIC TL	9
7	AXALTA COATING SYSTEMS TL	9
8	JAGUAR HOLDING CO I TL	9
9	GARDNER DENVER TL B	9
10	INEOS FIN TL B	8

Ranks the loans that were quoted by the highest number of dealers for the period between 12/8/17 - 12/15/17

Reveals the total number of quotes by bid and offer for the period between 12/8/17 - 12/15/17

Displays the bid-offer spread by sector between 12/8/17 - 12/15/17
- 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?

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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