The Week s Biggest Winners (August 4, 2017)
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1 The Week s Biggest Winners (August 4, 2017) Biggest Winners among widely-quoted syndicated loans in secondary trading. Par: Average Bid >=90; Distressed: Average Bid <90 Non Institutional Par Winners Ceva Group LC Caa1/B- L+550 3/13/ York Risk Services Holding Delay Draw TL B3/B- L /1/ Coinmach Service Corp Delay Draw TL B2/B /14/ Idera Inc Delay Draw TL B2/B L+500 6/27/ Hyland Software Incremental TL B1/B L+325 7/1/ Institutional Par Winners Acosta Inc TLB B2/B L+325 9/26/ Cents Only Stores TLB Caa1/CCC+ L+350 1/13/ Endemol Entertainment Holding NV TLB B3/CCC+ L+675 8/12/ General Nutrition TLB Ba3/BB L+250 3/2/ Walter Investment Management Corp TLB Caa1/CCC- L /18/ Non Institutional Distressed Winners NO RECORDS Institutional Distressed Winners Camaieu SA TLB1 N.R.*/N.R.* E /22/ Arrium Finance Pty Ltd TL N.R.*/N.R.* L+ 5/28/ MMA Offshore Ltd TL N.R.*/N.R.* L+375 9/30/ MMA Offshore Ltd TL N.R.*/N.R.* L+375 9/30/ Dubai Drydocks World LLC TL N.R.*/N.R.* E+ 8/29/ 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 4, 2017) Biggest Losers among widely-quoted syndicated loans in secondary trading. Par: Average Bid >=90; Distressed: Average Bid <90 Non Institutional Par Losers EP Energy RC N.R.*/N.R.* L+175 5/24/ Windstream Corp Delay Draw TL N.R.*/N.R.* L+400 3/16/ SuperValu Delay Draw TL Ba3/BB- L+350 6/1/ AMC Entertainment TL1 Ba1/BB L /20/ Advantage Sales & Marketing Incremental TL B1/B L+325 7/11/ Institutional Par Losers Cengage Learning TL B2/B+ L+425 5/27/ Oberthur Card Systems SA TLB1 B2/B- E /15/ Petsmart Inc TLB Ba3/B+ L+300 3/10/ Delachaux SA TLB N.R.*/N.R.* L+350 9/24/ Kindred Healthcare TLB Ba3/BB- L+350 4/9/ Non Institutional Distressed Losers NO RECORDS Institutional Distressed Losers Noble Group Ltd TLB N.R.*/N.R.* L+ 5/18/ Catalina Marketing Corp 2nd Lien TL Caa1/CCC- L+675 3/31/ Deoleo SA TLB Caa1/B- E+350 5/12/ Premier Oil Plc TL N.R.*/N.R.* L Pescanova SA [Acuinova] TLA N.R.*/N.R.* E+300 4/30/ Awal Bank BSC TL N.R.*/N.R.* L 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 4, 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 Avolon Ltd TLB2 Ba2/BBB- L+275 1/19/ MEG Energy Corp TLB Ba3/BB+ L /1/ Lightstone Generation LLC TLB Ba3/BB- L+450 1/30/ Walter Investment Management Corp TLB Caa1/CCC- L /18/ Tele Columbus GmbH & Co KG TLB B2/B E /31/ Diaverum AB [Ex-Gambro Healthcare] TLB N.R.*/N.R.* E+375 6/8/ Oberthur Card Systems SA TLB1 B2/B- E /15/ Petsmart Inc TLB Ba3/B+ L+300 3/10/ Ortho-Clinical Diagnostics TL B1/B- L+375 5/30/ Total # of inst. loans with at least 1 bid change during the prior 2 weeks 1294 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/ CSC Holdings Inc Delay Draw TL Ba1/BB L+225 7/15/ Coinmach Service Corp Delay Draw TL B2/B /14/ York Risk Services Holding Delay Draw TL B3/B- L /1/ Allied Universal Delay Draw TL N.R.*/N.R.* L+375 7/11/ AMC Entertainment TL1 Ba1/BB L /20/ Avaya Inc DIP WR/NR L+750 1/20/ SuperValu Delay Draw TL Ba3/BB- L+350 6/1/ Transdigm Delay Draw TL Ba2/B+ L+300 6/2/ Ceva Group LC Caa1/B- L+550 3/13/ 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 4, 2017) Newest deals among widely-quoted syndicated loans in secondary trading. Dexko Global Euro TLB B1/B E+450 7/13/ Dexko Global TLB N.R.*/N.R.* E+450 7/12/ Diversey Inc Euro TLB B1/B E+325 7/26/ Douglas Holding AG Euro TLB B1/B E+325 8/9/ Douglas Holding AG Euro TLB B1/B E+350 8/9/ IFS Euro TLB N.R.*/N.R.* E+350 7/25/ Mergermarket Group TLB (P)B2/B L+450 7/25/ Peak 10 Inc 1st Lien TL B2/B L+400 7/26/ Sky Bet TLB N.R.*/N.R.* L+350 7/26/ Sky Bet TLB N.R.*/N.R.* L+425 7/26/ StandardAero TLB B2/B- L+375 7/7/ StandardAero TLB N.R.*/N.R.* L+375 7/25/ Swissport International Ltd Euro TLB B1/N.R.* E+375 2/26/ THOM Europe SAS Euro TLB B2/B E+450 7/25/ 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 4, 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) ADT Corp Ba3/BB- L+275 5/2/ Air Medical Group Holdings B3/B L+350 4/15/ CEC Entertainment Inc B2/B L+325 2/18/ Coinmach Service Corp B2/B L /14/ Endo Pharmaceuticals Ba2/BB L+425 4/5/ Energy Transfer Equity LP Ba2/BB- L+275 2/2/ Frontier Communications B1/BB L+350 6/1/ Hamilton Sundstrand Industrial Ba3/B L /10/ Hyland Software B1/B L+325 7/1/ Hyperion Insurance Group Ltd B1/B L+400 4/29/ KIK Custom Products B1/B- L+450 8/24/ Level 3 Financing Inc Ba1/BBB- L+225 2/15/ Lightstone Generation LLC Ba3/BB- L+450 1/30/ MEG Energy Corp Ba3/BB+ L /1/ Neiman Marcus Group Inc Caa1/CCC L /16/ Petsmart Inc Ba3/B+ L+300 3/10/ Sabre Holdings Corp Ba2/BB- L+275 2/14/ ServiceMaster Co Ba2/BB+ L /9/ Syniverse Technologies B3/B L+300 4/23/ Syniverse Technologies N.R.*/N.R.* L+300 4/20/ Trinseo Materials Operating SCA [ex-styron]ba2/bb+ L /27/ Varsity Brands N.R.*/N.R.* L /21/ Walter Investment Management Corp Caa1/CCC- L /18/ Wilsonart LLC B2/B+ L /12/ York Risk Services Holding B3/B- L+375 9/18/ Total loans with at least one bid: 3848 Average change in bids: Change.01 percentage points Decliners 328 Advancers 627 Unchanged 2893 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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