Syndicated Bank Loan Market Summary - Week Ending 2/16/18

Written by Michael Pellerito | Feb 20, 2018 1:54:49 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, February 9th - Friday, February 16th. 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	PHILADELPHIA ENERGY TL B	5.88%	74.38	70.25
2	CONCORDIA HEALTHCARE GBP TL B	4.12%	88.28	84.79
3	LONGVIEW POWER EXIT TL B	2.53%	82.30	80.27
4	CONCORDIA HEALTHCARE TL	2.27%	88.92	86.94
5	LIVINGSTON TL B	2.53%	99.11	96.67
6	BRITAX CHILD SAFETY INC TL B	0.98%	85.88	85.05
7	COTY TL B	0.97%	100.33	99.36
8	ADVANCED COMPUTER 2ND LIEN TL	0.96%	98.26	97.32
9	LIBBEY GLASS TL B	0.96%	96.98	96.06
10	CIRQUE DE SOLEIL 2ND LIEN TL	0.89%	99.63	98.75

Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 2/9/18 - 2/16/18

TOP 10 LOSERS
Rank	Loan	Chg	Price	Price - 1W
1	VELOCITY POOLING TL B	-33.33%	30.00	45.00
2	HOUSE OF FRASER GBP TL	-10.38%	77.19	86.13
3	COLT DEFENSE EXIT TL	-5.45%	52.00	55.00
4	ISOLA TL B	-3.91%	50.05	52.09
5	CENGAGE TL	-3.45%	93.48	96.82
6	MURRAY ENERGY TL B2	-2.92%	88.94	85.18
7	AENOVA 2ND LIEN EUR TL	-2.02%	83.46	76.61
8	IHEART TL D	-1.91%	75.14	79.61
9	REVLON GROUP INC TL B	-1.64%	78.21	79.51
10	SERTA SIMMONS 2ND LIEN TL	-1.51%	90.86	92.26

Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 2/9/18 - 2/16/18

Displays the average loan bid price by sector for the period between 2/9/18 - 2/16/18
- 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 2/9/18 - 2/16/18

TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK	TRANCHE	PRIOR WEEK	THIS WEEK	INCREASE	% INCREASE
1	SIG COMBIBLOC GROUP TL	33	54	21	64%
2	AMERICAN ENERGY MARCELLUS TL	14	34	20	143%
3	CEVA GROUP TL B	0	16	16	N/A
4	MISYS EUR TL B	24	40	16	67%
5	BWAY HOLDING TL	35	50	15	43%
6	EURO GARAGES LTD TL B1	41	56	15	37%
7	COMPUWARE TL B3	4	18	14	350%
8	PLATFORM SPECIALTY TL B6	18	32	14	78%
9	VERITAS TL B1	34	48	14	41%
10	NORD ANGLIA EDUCATION FINANC TL	9	22	13	144%

Exhibits the loans with the largest increase in quote volume for the week ending 2/9/18 vs. the week ending 2/16/18

MOST QUOTED LOANS
RANK	TRANCHE	DEALERS
1	REVLON GROUP INC TL B	12
2	COMMUNITY HEALTH TL G	9
3	GARDNER DENVER TL B	9
4	COMMUNITY HEALTH TL H	9
5	LIGHTSTONE GENERATION LLC TL B	9
6	BERRY PLASTICS TL M	9
7	DELL TL B	9
8	INFOR TL B	8
9	BMC SOFTWARE TL	8
10	TRAVELPORT TL	8

Ranks the loans that were quoted by the highest number of dealers for the period between 2/9/18 - 2/16/18

Reveals the total number of quotes by bid and offer for the period between 2/9/18 - 2/16/18

Displays the bid-offer spread by sector between 2/9/18 - 2/16/18
- 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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