The Week s Biggest Winners (August 18, 2017)
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1 The Week s Biggest Winners (August 18, 2017) Biggest Winners among widely-quoted syndicated loans in secondary trading. Par: Average Bid >=90; Distressed: Average Bid <90 Non Institutional Par Winners MotorCity Casino Incremental TL B1/BB- L+325 8/23/ AMC Entertainment TL1 Ba1/BB L /20/ Coinmach Service Corp Delay Draw TL B2/B /14/ Kenan Advantage Group Inc Delay Draw TL N.R.*/N.R.* L+300 8/1/ Kenan Advantage Group Inc Delay Draw TL B1/NR L+300 8/1/ Institutional Par Winners PT Bayan Resources TL N.R.*/N.R.* L+ 12/31/ PT Bayan Resources TL N.R.*/N.R.* L+ 12/31/ Quality Distribution TL N.R.*/N.R.* L+550 8/23/ Enviromental Resources Management TLB B2/B L+400 5/12/ Doncasters Plc TLC B3/B L+375 3/27/ Non Institutional Distressed Winners NO RECORDS Institutional Distressed Winners Gymboree Corp TLB WR/NR L+350 2/23/ OneStopPlus 2nd Lien TL Caa2/CCC- L /15/ Premier Oil Plc TL N.R.*/N.R.* L Addison Lee Plc TLB1 N.R.*/N.R.* L+475 4/16/ Endemol Entertainment Holding NV 2nd Lien TL Caa3/CCC- L+900 7/29/ Not Rated percentage point over Libor, the benchmark London Interbank Offered Rate. All ratings are for specific loans and not for the company itself except as noted with an (a). These prices do not represent actual trades nor are they offers to trade; rather they are estimated values provided by dealers.
2 The Week s Biggest Losers (August 18, 2017) Biggest Losers among widely-quoted syndicated loans in secondary trading. Par: Average Bid >=90; Distressed: Average Bid <90 Non Institutional Par Losers Advantage Sales & Marketing Incremental TL B1/B L+325 7/11/ USI Holdings Incremental TL N.R.*/N.R.* L+300 5/4/ Windstream Corp Delay Draw TL N.R.*/N.R.* L+400 3/16/ Hyland Software Incremental TL B1/B L+325 7/1/ Ceva Group LC Caa1/B- L+550 3/13/ Institutional Par Losers Petsmart Inc TLB Ba3/B+ L+300 3/10/ Monitronics International TLB2 B2/B- L+550 9/22/ Freedom Group TLB Caa1/CCC+ L+425 4/17/ Murray Energy TLB2 B2/B- L+725 4/15/ Flint Group TLB N.R.*/B E+300 5/19/ Non Institutional Distressed Losers NO RECORDS Institutional Distressed Losers Gymboree Corp TL N.R.*/N.R.* L /12/ Forterra Building Products Ltd TL B1/B L /28/ Petco Animal Supplies TLB NR/B L+325 1/26/ Neiman Marcus Group Inc TLB Caa1/CCC L /16/ J. Crew TLB Caa2/CCC L+300 2/27/ NR - Not Rated percentage point over Libor, the benchmark London Interbank Offered Rate. All ratings are for specific loans and not for the company itself except as noted with an (a). These prices do not represent actual trades nor are they offers to trade; rather they are estimated values provided by dealers.
3 Most Actively Marked (August 18, 2017) Top 20 Loans with the most frequent average bid change during the prior 2 weeks among widely-quoted syndicated loans in secondary trading. Institutional Loans Loan Rating # of changes Tranche Moody s/s&p Coupon Maturity prior 2 weeks Dell Inc TLA2 Baa3/BBB- L+225 6/2/ CenturyLink Inc TLB Ba3/BBB- L+275 1/18/ Pinnacle Foods Finance LLC TL Ba2/BB+ L+200 1/27/ Energy Transfer Equity LP TLB Ba2/BB- L+275 2/2/ Communications Sales & Leasing Inc TL B1/BB- L /24/ Air Medical Group Holdings TLB B3/B L+350 4/15/ Frontier Communications TLB B1/BB- L+350 6/1/ Tele Columbus GmbH & Co KG TLB B2/B E /31/ Infinitas Learning NV [ex-wolters Kluwer Education] TLB N.R.*/N.R.* E+375 5/2/ Change Healthcare Holdings LLC TL Ba3/B+ L+275 2/3/ Total # of inst. loans with at least 1 bid change during the prior 2 weeks 1279 Non Institutional Loans Loan Rating # of changes Tranche Moody s/s&p Coupon Maturity prior 2 weeks Advantage Sales & Marketing Incremental TL B1/B L+325 7/11/ AMC Entertainment TL1 Ba1/BB L /20/ Hyland Software Incremental TL B1/B L+325 7/1/ Transdigm Delay Draw TL Ba2/B+ L+300 6/2/ Caliber Collision Delay Draw TL B1/N.R.* L+300 1/25/ Go Daddy Group Delay Draw TL Ba3/BB- L+250 2/3/ SuperValu Delay Draw TL Ba3/BB- L+350 6/1/ Allied Universal Delay Draw TL N.R.*/N.R.* L+375 7/11/ CSC Holdings Inc Delay Draw TL Ba1/BB L+225 7/15/ Energy Future Intermediate Holding Company LLCDelay Draw TL N.R.*/NR L+300 6/23/ Not Rated percentage point over Libor, the benchmark London Interbank Offered Rate. All ratings are for specific loans and not for the company itself except as noted with an (a). These prices do not represent actual trades nor are they offers to trade; rather they are estimated values provided by dealers.
4 The Week s Newest Deals (August 18, 2017) Newest deals among widely-quoted syndicated loans in secondary trading. Carestream Dental Equipment Inc TL N.R.*/N.R.* L+325 8/4/ Delos Finance SA TLB N.R.*/N.R.* L /4/ Dummen Orange Euro TLB N.R.*/N.R.* E+350 5/19/ Dummen Orange Euro TLB N.R.*/N.R.* L+ 5/19/ Kraton Polymers LLC TLB N.R.*/N.R.* L+300 1/7/ PQ Corp TLB B2/B+ L /4/ Sabre Holdings Corp TLB1 N.R.*/N.R.* L+225 2/22/ Springer Nature Euro TLB N.R.*/N.R.* L Techem AG TL (P)Ba3/BB- L+300 8/2/ USI Holdings Incremental TL N.R.*/N.R.* L+300 5/4/ Valeo Foods Ltd Euro TLB N.R.*/N.R.* L+ 8/15/ All ratings are for specific loans and not for the company itself except as noted with an (a). These prices do not represent actual trades nor are they offers to trade; rather they are estimated values provided by dealers.
5 The Week s Biggest Movers (August 18, 2017) Biggest gainers and losers among widely-quoted syndicated loans in secondary trading, in the week ended Friday. Listed are the biggest movers among the 247 loans with at least five bids. All loans are B-term, or sold to institutional investors. Facility Size Name Moody's/S&P Coupon Maturity (pct. pts.) (pct. pts.) ($Mils) Acosta Inc B2/B L+325 9/26/ Air Medical Group Holdings B3/B L+350 4/15/ Ascend Learning Inc N.R.*/N.R.* L+325 6/28/ Caesars Entertainment Inc B1/BB- L+300 5/17/ CenturyLink Inc Ba3/BBB- L+275 1/18/ Club Corp International Ba3/BB- L /26/ Consolidated Communications Ba3/BB- L /5/ Endo Pharmaceuticals Ba2/BB- L+425 4/5/ Endurance International Group Inc B1/N.R.* L+400 2/3/ Fortress Investment Fund LLC N.R.*/N.R.* L+275 6/8/ Frontier Communications B1/BB- L+350 6/1/ Grocery Outlet Inc B2/B- L /9/ Hub International LTD B1/B+ L /2/ Hyperion Insurance Group Ltd B1/B L+400 4/29/ Informatica Corp B2/B L+350 6/1/ Kraton Polymers LLC N.R.*/N.R.* L+300 1/7/ Level 3 Financing Inc Ba1/BBB- L+225 2/15/ Lightstone Generation LLC Ba3/BB- L+450 1/30/ Petsmart Inc Ba3/B+ L+300 3/10/ Pharmaceutical Product Development Ba3/B L+275 8/18/ Quikrete Holdings B1/N.R.* L /15/ Syniverse Technologies B3/B L+300 4/23/ Syniverse Technologies N.R.*/N.R.* L+300 4/20/ Tempo Acquisition LLC B1/B L+300 4/20/ Walter Investment Management Corp Caa2/CCC- L /18/ Total loans with at least one bid: 3888 Average change in bids: Change.01 percentage points Decliners 855 Advancers 193 Unchanged 2840 percentage point over Libor, the benchmark London Interbank Offered Rate. All ratings are for specific loans and not for the company itself except as noted with an (a). These prices do not represent actual trades nor are they offers to trade; rather they are estimated values provided by dealers.
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