Outperformers Spotlight: Week Ending 7/8/22
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Outperformers Spotlight: Week Ending 7/8/22
Top Outperformers from Solve Advisors’ Bank Loan data.
Aerospace & Defense Industry – Sequa Corporation Sequa’s Term Loan outperformed other issuers in the Aerospace & Defense industry by 0.92% last week after announcing the completion of AZZ’s acquisition of Precoat Metals Inc., an independent metal coating solution business, from Sequa Corporation.
Finance – Cowen Inc. Cowen Inc.’s Term Loan outperformed other issuers in the Finance industry by 2.48% last week after discussions surfaced of a possible acquisition of the Wall Street brokerage firm by TD Bank — a move that would expand U.S. operations for TD.
Capital Equipment – TriMark TriMark’s Term Loan outperformed other issuers in the Capital Equipment industry by 3.17% last week after announcing the election of two new board of directors with a premium focus on addressing the current supply chain climate through more distribution efforts.
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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.
