Solve Advisor's monthly 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 month of March 2019 versus February 2019. 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 - 1M |
1 |
SGB-SMIT EUR TL B |
17.44% |
85.25 |
72.59 |
2 |
BLUESTEM EXT TL B |
11.07% |
70.89 |
63.82 |
3 |
CPI CARD GROUP TL B |
7.77% |
66.95 |
62.13 |
4 |
WINDSTREAM SERVICES LLC TL B7 |
5.78% |
98.46 |
93.08 |
5 |
FIELDWOOD ENERGY TL |
5.64% |
95.66 |
90.55 |
6 |
PETSMART TL B |
5.40% |
89.65 |
85.06 |
7 |
COMMUNICATIONS S&L TL B |
5.37% |
97.46 |
92.49 |
8 |
SPENCER SPIRIT 2ND LIEN TL |
3.65% |
94.80 |
91.47 |
9 |
SAVERS TL C |
3.49% |
99.11 |
95.77 |
10 |
MATTRESS FIRM EXIT PIK TL |
3.29% |
101.22 |
97.99 |
- Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 3/1/19 - 3/31/19
TOP 10 LOSERS |
Rank |
Loan |
Chg |
Price |
Price - 1M |
1 |
IPC SYSTEMS 2ND LIEN TL |
-46.49% |
30.00 |
56.07 |
2 |
DEOLEO EUR TL B |
-29.92% |
30.00 |
42.18 |
3 |
SERTA SIMMONS 2ND LIEN TL |
-27.02% |
48.84 |
66.92 |
4 |
GOLD STANDARD BAKING TL |
-20.27% |
44.60 |
55.94 |
5 |
SYNCREON GROUP BV TL B |
-17.42% |
64.39 |
77.79 |
6 |
ACCURIDE TL B |
-9.43% |
82.67 |
91.27 |
7 |
JCREW TL B |
-9.11% |
66.47 |
73.13 |
8 |
MACDONALD DETTWILER TL B |
-8.68% |
77.67 |
85.06 |
9 |
ACOSTA TL B |
-7.67% |
46.19 |
50.03 |
10 |
SKILLSOFT EXT 2ND LIEN TL |
-7.59% |
37.44 |
40.52 |
- Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 3/1/19 - 3/31/19
- Displays the average loan bid price by sector for the period between 3/1/19 - 3/31/19
- 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 3/1/19 - 3/31/19
TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH |
RANK |
TRANCHE |
PRIOR MONTH
|
THIS MONTH
|
INCREASE |
% INCREASE |
1 |
HOLLAND & BARRETT EUR TL B |
4 |
130 |
126 |
3150% |
2 |
HOLLAND & BARRETT GBP TL B |
63 |
180 |
117 |
186% |
3 |
INEOS FIN TL B |
120 |
234 |
114 |
95% |
4 |
STAPLES TL |
148 |
261 |
113 |
76% |
5 |
SERTA SIMMONS TL |
102 |
188 |
86 |
84% |
6 |
HARBOR FREIGHT TL B |
176 |
259 |
83 |
47% |
7 |
HILTON TL B2 |
176 |
256 |
80 |
45% |
8 |
PACIFIC GAS AND ELECTRIC COMPANY DIP REV |
12 |
86 |
74 |
617% |
9 |
PENN NATIONAL GAMING TL B |
116 |
185 |
69 |
59% |
10 |
DIGICEL TL |
90 |
157 |
67 |
74% |
- Exhibits the loans with the largest increase in quote volume for the month ending 2/28/19 vs. the month ending 3/31/19
- Includes only loans outstanding
MOST QUOTED LOANS |
RANK |
TRANCHE |
DEALERS |
1 |
JCREW TL B |
14 |
2 |
NEIMAN MARCUS TL B |
13 |
3 |
MURRAY ENERGY TL B2 |
12 |
4 |
MONITRONICS TL |
11 |
5 |
REVLON TL B |
11 |
6 |
COMMUNICATIONS S&L TL B |
11 |
7 |
CAESARS RESORT COLLECTION TL |
10 |
8 |
ENDO HEALTH TL B |
10 |
7 |
GLOBAL BLUE EUR TL B |
10 |
10 |
CALPINE CORP TL B8 |
10 |
- Ranks the loans that were quoted by the highest number of dealers for the period between 3/1/19 - 3/31/19
- Reveals the total number of quotes by bid and offer for the period between 3/1/19 - 3/31/19
- Displays the bid-offer spread by sector between 3/1/19 - 3/31/19
- 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.