Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 2/21/20

Michael Pellerito, February 24, 2020

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Our weekly newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.

  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 STEAK N SHAKE TL 12.61% 80.29 71.29
2 TECHNICOLOR EUR TL B 5.73% 93.00 87.97
3 DOUGLAS HOLDING EUR TL B8 4.30% 92.74 88.92
4 ADVANTAGE SALES 2ND LIEN TL 3.00% 94.78 92.02
5 DIEBOLD TL A1 2.92% 108.64 105.56
6 TRITECH SOFTWARE SYSTEMS 2ND LIEN TL 2.35% 95.56 93.37
7 EXELA TL B 2.17% 41.31 40.43
8 ADVANTAGE SALES TL 2.10% 98.84 96.81
9 PROGREXION TL 2.07% 47.41 46.45
10 ALVOGEN TL B 2.01% 92.01 90.19
  • Showcases the top 10 loan "winners" based on the largest bid price increases between 2/14/20 - 2/21/20
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
ALLIANCE HEALTH TL B -9.21% 88.64 97.63
2 CONSOL MINING TL B -6.31% 79.65 85.01
SPEEDCAST TL B -5.07% 70.91 74.69
SERTA SIMMONS TL -4.46% 59.75 62.54
SIVANTOS TL B -4.36% 95.18 99.53
TIVITY HEALTH TL B -3.77% 96.16 99.93
KETTLE CUISINE TL -3.09% 94.98 98.00
PERSTORP TL -2.47% 95.67 98.08
LIGHTSTONE GENERATION LLC TL C -2.26% 89.88 91.96
10  REVLON TL B -2.04% 73.94 75.48
  • Showcases the top 10 loan "losers" based on the largest bid price decreases between 2/14/20 - 2/21/20
 
 Avg Bid PX by Sector
  • Displays the average loan bid price by sector between 2/14/20 - 2/21/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Market Sentiment - Advancers vs. Decliners
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 2/14/20 - 2/21/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 MISTER CAR WASH TL B 12 30 18 150%
2 AMER SPORTS EUR TL B 14 26 12 86%
3 RPI INTERMEDIATE FINANCE TL B 8 20 12 150%
4 BERRY PLASTICS TL W 20 30 10 50%
5 COMPASS IV LTD EUR TL B 14 24 10 71%
6 DELACHAUX EUR TL B1 14 24 10 71%
7 MESSER INDUSTRIES EUR TL B 18 28 10 56%
8 WHATABURGER TL B 14 23 9 64%
9 WINDSTREAM SERVICES LLC TL B7 12 21 9 75%
10 WINDSTREAM SERVICES LLC DIP REV 0 8 8 N/A
  • Exhibits the loans with the largest increase in quote volume for the week ending 2/14/20 vs. the week ending 2/21/20
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 WEBHELP EUR TL B 17
2 ACTION NEDERLAND EUR TL B 17
3 VERISURE MIDHOLDING AB EUR TL B1 16
4 SIGMA BIDCO EUR TL B 16
5 UNITED NATURAL FOODS TL B 16
6 ASCENA RETAIL TL B 15
7 ALPHA BIDCO EUR TL B1 15
8 CEVA SANTE ANIMALE EUR TL B 15
9 ELSAN GROUPE EUR TL B 15
10 TECHEM EUR TL B 15
  • Ranks the loans that were quoted by the highest number of dealers between 2/14/20 - 2/21/20

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer between 2/14/20 - 2/21/20

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 2/14/20 - 2/21/20
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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