---
title: Syndicated Bank Loan Market Summary - Week Ending 2/9/18
description: Solve's Bank Loan Market Summary provides insight into trends within the overall market as well as certain sectors, ranks loan winners and losers, & more!
image: https://blog.solvefixedincome.com/hubfs/Loan%20Summaries/2018-2-12/Average%20Bid%20PX%20By%20Sector.png
---

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# Solve Advisors Syndicated Bank Loan Market Summaries

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# Syndicated Bank Loan Market Summary - Week Ending 2/9/18

[Michael Pellerito](https://www.linkedin.com/in/michael-pellerito/), February 12, 2018

Solve Advisor's **weekly loan newsletter** highlights trends in the Syndicated Bank Loan market.

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---

## Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, February 2nd - Friday, February 9th.  In the tables and charts below, you'll find:

1. [Top 10 Loan Price Winners](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/feb-12-2018#winners)
2. [Top 10 Loan Price Losers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/feb-12-2018#Top10Losers)
3. [Average Bid Price](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/feb-12-2018#AvBidPX) (By industry sector)
4. [Market Sentiment](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/feb-12-2018#Sentiment)
5. [Top Quote Volume Movers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/feb-12-2018#Movers)
6. [Most Quoted Loans](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/feb-12-2018#MostQuoted)
7. [Bid and Offer Volume](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/feb-12-2018#BidOfferVolume)
8. [Bid Offer Spread ](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/feb-12-2018#Spread) (By industry sector)

 

| **TOP 10 WINNERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1W** |
| **1** | **PHILADELPHIA ENERGY TL B** | **5.88%** | **74.38** | **70.25** |
| **2** | **CONCORDIA HEALTHCARE GBP TL B** | **4.12%** | **88.28** | **84.79** |
| **3** | **LONGVIEW POWER EXIT TL B** | **2.53%** | **82.30** | **80.27** |
| **4** | **CONCORDIA HEALTHCARE TL** | **2.27%** | **88.92** | **86.94** |
| **5** | **LIVINGSTON TL B** | **2.53%** | **99.11** | **96.67** |
| **6** | **BRITAX CHILD SAFETY INC TL B** | **0.98%** | **85.88** | **85.05** |
| **7** | **COTY TL B** | **0.97%** | **100.33** | **99.36** |
| **8** | **ADVANCED COMPUTER 2ND LIEN TL** | **0.96%** | **98.26** | **97.32** |
| **9** | **LIBBEY GLASS TL B** | **0.96%** | **96.98** | **96.06** |
| **10** | **CIRQUE DE SOLEIL 2ND LIEN TL** | **0.89%** | **99.63** | **98.75** |

- Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 2/2/18 - 2/9/18

| **TOP 10 LOSERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1W** |
| **1** | **VELOCITY POOLING TL B** | **-33.33%** | **30.00** | **45.00** |
| **2** | **HOUSE OF FRASER GBP TL** | **-10.38%** | **77.19** | **86.13** |
| **3** | **COLT DEFENSE EXIT TL** | **-5.45%** | **52.00** | **55.00** |
| **4** | **ISOLA TL B** | **-3.91%** | **50.05** | **52.09** |
| **5** | **CENGAGE TL** | **-3.45%** | **93.48** | **96.82** |
| **6** | **MURRAY ENERGY TL B2** | **-2.92%** | **88.94** | **85.18** |
| **7** | **AENOVA 2ND LIEN EUR TL** | **-2.02%** | **83.46** | **76.61** |
| **8** | **IHEART TL D** | **-1.91%** | **75.14** | **79.61** |
| **9** | **REVLON GROUP INC TL B** | **-1.64%** | **78.21** | **79.51** |
| **10** | **SERTA SIMMONS 2ND LIEN TL** | **-1.51%** | **90.86** | **92.26** |

- Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 2/2/18 - 2/9/18

 

 ![Average Bid PX By Sector.png](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-2-12/Average%20Bid%20PX%20By%20Sector.png?width=640&name=Average%20Bid%20PX%20By%20Sector.png)

 

- Displays the average loan bid price by sector for the period between 2/2/18 - 2/9/18 
    - Results are based on 5 select industry sectors, however, we offer data across 36 sectors

  

![Sentiment.png](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-2-12/Sentiment.png?width=640&name=Sentiment.png)

- Reveals the percent of loans increasing in price *(advancers)* vs. loans decreasing in price *(decliners)* for the period between 2/2/18 - 2/9/18

 

| **TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK** |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| **RANK** | **TRANCHE** | **PRIOR WEEK** | **THIS WEEK** | **INCREASE** | **% INCREASE** |
| **1** | **VISTRA ENERGY TL B2** | **24** | **52** | **28** | **117%** |
| **2** | **CERAMTEC EUR TL B** | **8** | **34** | **26** | **325%** |
| **3** | **ALLISON TRANSMISSION TL** | **55** | **78** | **23** | **42%** |
| **4** | **ALTICE FINANCING TL B** | **17** | **35** | **18** | **106%** |
| **5** | **AVANTOR EUR TL** | **10** | **28** | **18** | **180%** |
| **6** | **ELSAN GROUPE EUR TL B** | **14** | **30** | **16** | **114%** |
| **7** | **STYROLUTION EUR TL B** | **6** | **22** | **16** | **267%** |
| **8** | **LINXENS EUR TL B** | **12** | **27** | **15** | **125%** |
| **9** | **ALTICE FINANCING TL B** | **50** | **65** | **15** | **30%** |
| **10** | **CREATIVE ARTISTS TL B** | **16** | **30** | **14** | **88%** |

- Exhibits the loans with the largest increase in quote volume for the week ending 2/2/18 vs. the week ending 2/9/18

 

| **MOST QUOTED LOANS** |  |  |
| --- | --- | --- |
| **RANK** | **TRANCHE** | **DEALERS** |
| **1** | **AXALTA COATING SYSTEMS TL** | **11** |
| **2** | **DELL TL B** | **10** |
| **3** | **DAVID'S BRIDAL TL B** | **9** |
| **4** | **NUMERICABLE TL B11** | **9** |
| **5** | **NUMERICABLE TL B12** | **9** |
| **6** | **GRIFOLS WORLDWIDE TL B** | **9** |
| **7** | **INEOS FIN TL B** | **9** |
| **8** | **TELENET TL A** | **9** |
| **9** | **GARDNER DENVER TL B** | **9** |
| **10** | **DEL MONTE FOODS CO TL** | **8** |

- Ranks the loans that were quoted by the highest number of dealers for the period between 2/2/18 - 2/9/18

 

![Bid and Offer Volume.png](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-2-12/Bid%20and%20Offer%20Volume.png?width=640&name=Bid%20and%20Offer%20Volume.png)

- Reveals the total number of quotes by bid and offer for the period between 2/2/18 - 2/9/18

 

![Sector Bid Offer Spread.png](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-2-12/Sector%20Bid%20Offer%20Spread.png?width=640&name=Sector%20Bid%20Offer%20Spread.png)

- Displays the bid-offer spread by sector between 2/2/18 - 2/9/18 
    - Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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