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, November 3rd- Friday, November 10th. 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 |
FORTERRA TL |
8.18% |
90.10 |
83.29 |
| 2 |
LONGVIEW POWER EXIT TL B |
4.26% |
64.97 |
62.31 |
| 3 |
CHANNELVIEW TL B |
1.86% |
95.34 |
93.59 |
| 4 |
STENA TL B |
1.53% |
94.84 |
93.41 |
| 5 |
THT HEAT TRANSFER TL B |
1.17% |
93.98 |
92.90 |
| 6 |
SKILLSOFT EXT 2ND LIEN TL |
1.15% |
85.99 |
85.01 |
| 7 |
SEARS TL B |
1.14% |
99.74 |
98.61 |
| 8 |
LONESTAR GENERATION EXT TL B |
0.84% |
96.48 |
95.68 |
| 9 |
BUCCANEER TL B |
0.80% |
98.37 |
97.59 |
| 10 |
EDELMAN FINANCIAL TL B |
0.74% |
100.74 |
100.00 |
- Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 11/3/17 - 11/10/17
| TOP 10 LOSERS |
| Rank |
Loan |
Chg |
Price |
Price - 1W |
| 1 |
CPI CARD GROUP TL B |
-8.89% |
65.69 |
72.10 |
| 2 |
PHILLIPS PET 2ND LIEN TL |
-5.79% |
72.78 |
77.25 |
| 3 |
REVLON GROUP INC TL B |
-5.11% |
77.38 |
81.55 |
| 4 |
PHILLIPS PET TL |
-4.04% |
84.13 |
87.68 |
| 5 |
CTI FOODS TL |
-3.43% |
84.29 |
87.29 |
| 6 |
NINE WEST UNS TL |
-3.29% |
32.01 |
33.10 |
| 7 |
EASTMAN KODAK EXIT TL |
-2.10% |
94.51 |
96.54 |
| 8 |
COMMUNICATIONS S&L TL B |
-1.46% |
95.02 |
96.43 |
| 9 |
MURRAY ENERGY TL B3 |
-1.42% |
88.67 |
89.95 |
| 10 |
MICHAELS STORES TL B |
-1.00% |
98.86 |
99.86 |
- Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 11/3/17 - 11/10/17
- Displays the average loan bid price by sector for the period between 11/3/17 - 11/10/17
- 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 11/3/17 - 11/10/17
| TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK |
| RANK |
TRANCHE |
PRIOR WEEK
|
THIS WEEK
|
INCREASE |
% INCREASE |
| 1 |
HARLAND CLARKE TL B7 |
8 |
58 |
50 |
625% |
| 2 |
DELL TL B |
71 |
115 |
44 |
62% |
| 3 |
PHARMERICA TL B |
4 |
48 |
44 |
1100% |
| 4 |
SOLARWINDS INC TL |
58 |
101 |
43 |
74% |
| 5 |
UPC TL |
40 |
80 |
40 |
100% |
| 6 |
VANTIV INC TL A4 |
4 |
42 |
38 |
950% |
| 7 |
AMERICAN AIRLINES TL B |
49 |
87 |
38 |
78% |
| 8 |
AUDATEX NORTH AMER INC TL B |
58 |
96 |
38 |
66% |
| 9 |
STAPLES TL |
57 |
94 |
37 |
65% |
| 10 |
JAGUAR HOLDING CO I TL |
68 |
104 |
36 |
53% |
- Exhibits the loans with the largest increase in quote volume for the week ending 11/3/17 vs. the week ending 11/10/17
| MOST QUOTED LOANS |
| RANK |
TRANCHE |
DEALERS |
| 1 |
INEOS FIN TL B |
11 |
| 2 |
STAPLES TL |
10 |
| 3 |
DELL TL B |
10 |
| 4 |
INEOS FIN TL B |
10 |
| 5 |
WIND ACQUISITION FIN S A EUR TL B |
9 |
| 6 |
UNIVAR TL B2 |
9 |
| 7 |
UPC TL |
9 |
| 8 |
GRIFOLS WORLDWIDE TL B |
9 |
| 9 |
WESTERN DIGITAL TL B2 |
9 |
| 10 |
TELENET TL A |
9 |
- Ranks the loans that were quoted by the highest number of dealers for the period between 11/3/17 - 11/10/17
- Reveals the total number of quotes by bid and offer for the period between 11/3/17 - 11/10/17
- Displays the bid-offer spread by sector between 11/3/17 - 11/10/17
- 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.