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 May 2019 versus April 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 |
BUMI RESOURCES TL |
19.25% |
76.75 |
64.36 |
| 2 |
LDISCOVERY 2ND LIEN TL |
15.28% |
99.71 |
86.50 |
| 3 |
YAK MAT TL B |
8.64% |
93.72 |
86.27 |
| 4 |
NBTY 2ND LIEN TL |
6.71% |
87.96 |
82.42 |
| 5 |
CPI CARD GROUP TL B |
5.71% |
77.84 |
73.64 |
| 6 |
KETER GROUP EUR TL B |
5.22% |
86.77 |
82.47 |
| 7 |
SLV GROUP GMBH EUR TL B |
5.19% |
90.49 |
86.02 |
| 8 |
SAFE FLEET 2ND LIEN TL |
4.59% |
97.02 |
92.76 |
| 9 |
RADIATION THERAPY SERVICES TL B |
4.48% |
87.00 |
83.27 |
| 10 |
BLUESTEM EXT TL B |
4.07% |
75.00 |
72.06 |
- Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 5/1/19 - 5/31/19
| TOP 10 LOSERS |
| Rank |
Loan |
Chg |
Price |
Price - 1M |
| 1 |
DONCASTERS 2ND LIEN TL |
-28.71% |
25.79 |
36.17 |
| 2 |
JOERNS HEALTHCARE TL B |
-13.55% |
73.49 |
85.00 |
| 3 |
DUEMMEN ORANGE EUR TL |
-13.38% |
70.78 |
81.71 |
| 4 |
CONSTELLIS HOLDINGS LLC 2ND LIEN TL |
-11.17% |
83.32 |
93.80 |
| 5 |
NPC 2ND LIEN TL |
-10.02% |
65.00 |
72.24 |
| 6 |
DITECH EXIT TL B |
-9.14% |
57.30 |
63.06 |
| 7 |
DIVERSEY EUR TL |
-8.64% |
90.40 |
98.95 |
| 8 |
RGIS TL |
-7.74% |
76.78 |
83.22 |
| 9 |
CASA SYSTEMS TL |
-7.25% |
90.98 |
98.00 |
| 10 |
PRINCE TL |
-7.23% |
91.38 |
98.50 |
- Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 5/1/19 - 5/31/19
- Displays the average loan bid price by sector for the period between 5/1/19 - 5/31/19
- 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 5/1/19 - 5/31/19
| TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH |
| RANK |
TRANCHE |
PRIOR MONTH
|
THIS MONTH
|
INCREASE |
% INCREASE |
| 1 |
DAE AVIATION TL |
36 |
178 |
142 |
394% |
| 2 |
HYPERION TL B |
137 |
240 |
103 |
75% |
| 3 |
SWISSPORT EUR TL |
80 |
183 |
103 |
129% |
| 4 |
VERISURE MIDHOLDING AB EUR TL B1 |
192 |
287 |
95 |
49% |
| 5 |
EIRCOM FDG EUR TL B5 |
0 |
94 |
94 |
N/A |
| 6 |
CEVA SANTE ANIMALE EUR TL B |
206 |
292 |
86 |
42% |
| 7 |
COHERENT INC EUR TL B |
101 |
187 |
86 |
85% |
| 8 |
DELACHAUX EUR TL B1 |
74 |
158 |
84 |
114% |
| 9 |
INEOS FIN EUR TL B |
233 |
316 |
83 |
36% |
| 10 |
SIVANTOS EUR TL B |
148 |
230 |
82 |
55% |
- Exhibits the loans with the largest increase in quote volume for the month ending 4/30/19 vs. the month ending 5/31/19
- Includes only loans outstanding
| MOST QUOTED LOANS |
| RANK |
TRANCHE |
DEALERS |
| 1 |
NRG ENERGY TL B |
13 |
| 2 |
SS&C TECH TL B3 |
12 |
| 3 |
ALLISON TRANSMISSION TL B3 |
12 |
| 4 |
VF HOLDINGS CORP TL B |
11 |
| 5 |
EPICOR SOFTWARE TL B |
11 |
| 6 |
COMMUNICATIONS S&L TL B |
10 |
| 7 |
APPLIED SYSTEMS TL B |
10 |
| 8 |
MONITRONICS TL B2 |
10 |
| 7 |
BASS PRO SHOPS TL B |
10 |
| 10 |
STAPLES TL |
10 |
- Ranks the loans that were quoted by the highest number of dealers for the period between 5/1/19 - 5/31/19
- Reveals the total number of quotes by bid and offer for the period between 5/1/19 - 5/31/19
- Displays the bid-offer spread by sector between 5/1/19 - 5/31/19
- 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.