Market Summary
July 2022

Outperformers Spotlight: Week Ending 7/15/22

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Outperformers Spotlight: Week Ending 7/15/22

Top Outperformers from Solve Advisors’ Bank Loan data.

Energy: Oil & Gas Industry – PGS PGS’s Term Loan outperformed other issuers in the Energy Industry by 2.95% last week after announcing it has entered into its first subscription agreement with Australia’s deepC Store Limited (DCS) in order to explore the co-development of commercial-sale carbon capture and storage (CCS) projects.

Hotel, Gaming & Leisure Industry – Royal Caribbean Cruises Royal Caribbean Cruises’ Term Loan outperformed other issuers in the Hotel, Gaming & Leisure Industry by 3.35% last week after entering an agreement to acquire a Crystal Cruises ship as demand for ultra-luxury expedition cruising grows.

Media: Advertising, Printing & Publishing Industry – Clear Channel Outdoor Clear Channel Outdoor’s Term Loan outperformed other issuers in the Advertising, Printing & Publishing Industry by 2.39% last week after announcing that it was moving forward with strategic alternatives for its European business, and is said to be close to selling its British and European units to a private equity firm.

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SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.