Monthly Syndicated Bank Loan Market Summary - June 2019

Written by Michael Pellerito | Jul 1, 2019 2:55:31 PM

Solve Advisor's monthly 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 month of June 2019 versus May 2019. In the tables and charts below, you'll find:

TOP 10 WINNERS
Rank	Loan	Chg	Price	Price - 1M
1	DEOLEO EUR TL B	22.78%	37.25	30.34
2	SKILLSOFT EXT 2ND LIEN TL	14.28%	34.71	30.37
3	CELSA GROUP EUR TL	6.95%	80.21	75.00
4	99 CENTS ONLY EXT PIK TL B	6.27%	91.19	85.81
5	ADVANTAGE SALES 2ND LIEN TL	6.15%	79.10	74.52
6	IEA TL	4.65%	92.14	88.04
7	PACIFIC GAS AND ELECTRIC COMPANY DIP REV	4.38%	97.15	93.08
8	CONCORDIA HEALTHCARE TL	4.02%	96.98	93.22
9	WINEBOW TL B	3.95%	89.51	86.11
10	MACDONALD DETTWILER TL B	3.51%	89.81	86.76

Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 6/1/19 - 6/30/19

TOP 10 LOSERS
Rank	Loan	Chg	Price	Price - 1M
1	HEALOGICS 2ND LIEN TL	-44.37%	34.86	62.66
2	DITECH EXIT TL B	-24.64%	43.18	57.30
3	ASCENA RETAIL TL B	-21.43%	66.52	84.66
4	GAVILAN RESOURCES 2ND LIEN TL	-20.32%	58.97	74.01
5	ACOSTA TL B	-13.01%	36.30	41.73
6	SOUTHCROSS PROPCO TL B	-12.96%	69.53	79.88
7	MURRAY ENERGY TL B2	-12.20%	68.16	77.63
8	MITEL NETWORKS 2ND LIEN TL	-10.45%	87.77	98.01
9	KCA DEUTAG TL B	-10.36%	75.33	84.04
10	JO-ANN STORES TL B	-10.31%	88.57	98.75

Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 6/1/19 - 6/30/19

Displays the average loan bid price by sector for the period between 6/1/19 - 6/30/19
- 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 6/1/19 - 6/30/19

TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH
RANK	TRANCHE	PRIOR MONTH	THIS MONTH	INCREASE	% INCREASE
1	EIRCOM FDG EUR TL B5	94	202	108	115%
2	USI HOLDINGS TL B	85	170	85	100%
3	HARLAND CLARKE TL B7	160	243	83	52%
4	JOHNSON CONTROLS INTERNATIONAL PUBLIC LIMITED COMPANY TL	107	186	79	74%
5	PREMIER OIL REV	42	109	67	160%
6	VERIFONE TL B	83	149	66	80%
7	NATIONAL VET TL B	50	114	64	128%
8	JBS USA TL B	211	274	63	30%
9	NETS HOLDINGS EUR TL B	4	66	62	1550%
10	DAE AVIATION TL	50	111	61	122%

Exhibits the loans with the largest increase in quote volume for the month ending 5/31/19 vs. the month ending 6/30/19
Includes only loans outstanding

MOST QUOTED LOANS
RANK	TRANCHE	DEALERS
1	HILTON TL B2	12
2	NIDDA HEALTHCARE HOLDING GMBH EUR TL C	12
3	EPHIOS BONDCO EUR TL B	11
4	MACDONALD DETTWILER TL B	11
5	EPICOR SOFTWARE TL B	10
6	BUCCANEER TL	10
7	MONITRONICS TL B2	10
8	AIR METHODS TL	10
7	WEST CORP TL B1	10
10	INTERNET BRANDS TL	10

Ranks the loans that were quoted by the highest number of dealers for the period between 6/1/19 - 6/30/19

Reveals the total number of quotes by bid and offer for the period between 6/1/19 - 6/30/19

Displays the bid-offer spread by sector between 6/1/19 - 6/30/19
- 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.

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