---
title: Syndicated Bank Loan Market Summary - Week Ending 3/13/20
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/2020-3-9/Avg%20Bid%20PX%20by%20Sector%20-%203.9.20.png
---

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# Solve Advisors Syndicated Bank Loan Market Summaries

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# Syndicated Bank Loan Market Summary - Week Ending 3/13/20

[Michael Pellerito](https://www.linkedin.com/in/michael-pellerito/), March 16, 2020

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---

## Our weekly newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.

1. [Top 10 Loan Price Winners](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/mar-16-2020#winners)
2. [Top 10 Loan Price Losers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/mar-16-2020#Top10Losers)
3. [Average Bid Price](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/mar-16-2020#AvBidPX) (By industry sector)
4. [Market Sentiment](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/mar-16-2020#Sentiment)
5. [Top Quote Volume Movers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/mar-16-2020#Movers)
6. [Most Quoted Loans](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/mar-16-2020#MostQuoted)
7. [Bid and Offer Volume](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/mar-16-2020#BidOfferVolume)
8. [Bid Offer Spread](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/mar-16-2020#Spread) (By industry sector)

 

| **TOP 10 WINNERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1W** |
| **1** | **SKILLSOFT EXT 2ND LIEN TL** | **9.28%** | **24.55** | **22.47** |
| **2** | **ELECTRICAL COMPONENTS TL B** | **2.84%** | **92.14** | **89.60** |
| **3** | **FORT DEARBORN 2ND LIEN TL** | **2.14%** | **95.27** | **93.27** |
| **4** | **WASTEQUIP 2ND LIEN TL** | **1.93%** | **92.79** | **91.03** |
| **5** | **HARGRY TL B** | **1.71%** | **99.59** | **97.91** |
| **6** | **WASTEQUIP TL B** | **1.63%** | **100.00** | **98.40** |
| **7** | **TENSAR 2ND LIEN TL** | **1.51%** | **83.61** | **82.36** |
| **8** | **CERIDIAN TL B** | **1.41%** | **100.37** | **98.98** |
| **9** | **GCI INC TL** | **1.37%** | **98.33** | **97.00** |
| **10** | **AMERICAN TRAFFIC SOLUTIONS TL B** | **1.28%** | **100.07** | **98.81** |

- Showcases the top 10 loan "winners" based on the largest bid price increases between 3/6/20 - 3/13/20

| **TOP 10 LOSERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1W** |
| **1 ** | **CALIFORNIA RESOURCES TL** | **-53.20%** | **24.56** | **52.47** |
| **2** | **SEADRILL PARTNERS LLC EXT TL B** | **-35.87%** | **20.60** | **32.12** |
| **3 ** | **CHESAPEAKE ENERGY TL** | **-35.11%** | **58.81** | **90.62** |
| **4 ** | **MCDERMOTT TL B** | **-29.69%** | **39.31** | **55.91** |
| **5 ** | **FIELDWOOD ENERGY TL** | **-28.52%** | **55.52** | **77.67** |
| **6 ** | **TNT CRANE 2ND LIEN TL** | **-27.22%** | **40.10** | **55.10** |
| **7 ** | **STETSON MIDSTREAM TL B** | **-25.25%** | **67.84** | **90.76** |
| **8 ** | **CENTRAL SECURITY GROUP TL B** | **-24.16%** | **46.57** | **61.40** |
| **9 ** | **PEAK 10 2ND LIEN TL** | **-22.64%** | **43.52** | **56.26** |
| **10 ** | **BISON MIDSTREAM TL B** | **-20.89%** | **64.91** | **82.05** |

- Showcases the top 10 loan "losers" based on the largest bid price decreases between 3/6/20 - 3/13/20

 

 ![Avg PX by Sector](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2020-3-16/Avg%20PX%20by%20Sector%20-%203.16.20.png?width=634&name=Avg%20PX%20by%20Sector%20-%203.16.20.png)

- Displays the average loan bid price by sector between 3/6/20 - 3/13/20 
    - Results are based on 5 select industry sectors, however, we offer data across 36 sectors

  

![Market Sentiment - Advancers vs. Decliners](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2020-3-16/Sentiment%20-%203.16.20.png?width=622&name=Sentiment%20-%203.16.20.png)

- Reveals the percent of loans increasing in price *(advancers)* vs. loans decreasing in price *(decliners)* between 3/6/20 - 3/13/20

| **TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK** |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| **RANK** | **TRANCHE** | **PRIOR WEEK** | **THIS WEEK** | **INCREASE** | **% INCREASE** |
| **1** | **ACTION NEDERLAND EUR TL B** | **20** | **36** | **16** | **80%** |
| **2** | **RCN GRANDE TL B** | **14** | **28** | **14** | **100%** |
| **3** | **ALPHA BIDCO EUR TL B1** | **12** | **24** | **12** | **100%** |
| **4** | **CALPINE CORP TL B9** | **18** | **30** | **12** | **67%** |
| **5** | **ZACAPA LLC TL B** | **1** | **12** | **11** | **1100%** |
| **6** | **AKORN TL B** | **0** | **10** | **10** | **N/A** |
| **7** | **AVANTOR EUR TL B3** | **0** | **10** | **10** | **N/A** |
| **8** | **JACKPOTJOY GBP TL B** | **0** | **10** | **10** | **N/A** |
| **9** | **MASMOVIL IBERCOM SA EUR TL B** | **6** | **16** | **10** | **167%** |
| **10** | **MATCH GROUP INC TL B** | **0** | **9** | **9** | **N/A** |

- Exhibits the loans with the largest increase in quote volume for the week ending 3/6/20 vs. the week ending 3/13/20

| **MOST QUOTED LOANS** |  |  |
| --- | --- | --- |
| **RANK** | **TRANCHE** | **DEALERS** |
| **1** | **GATES GLOBAL TL B** | **16** |
| **2** | **ENVISION HEALTHCARE TL B** | **16** |
| **3** | **SEADRILL PARTNERS LLC EXT TL B** | **16** |
| **4** | **HARLAND CLARKE TL B7** | **15** |
| **5** | **DELL TL B** | **15** |
| **6** | **AMERICAN AIRLINES TL B** | **15** |
| **7** | **VERISURE MIDHOLDING AB EUR TL B1** | **15** |
| **8** | **VISTRA ENERGY TL B3** | **15** |
| **9** | **DORNA SPORTS EUR TL B** | **14** |
| **10** | **RCN GRANDE TL B** | **14** |

- Ranks the loans that were quoted by the highest number of dealers between 3/6/20 - 3/13/20

 

 ![Bid and Offer Volume\\](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2020-3-16/Bid%20and%20Offer%20Volume%20-%203.16.20.png?width=607&name=Bid%20and%20Offer%20Volume%20-%203.16.20.png)

- Reveals the total number of quotes by bid and offer between 3/6/20 - 3/13/20

 

 ![Sector Bid Offer Spread](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2020-3-16/Sector%20Bid%20Offer%20Spread%20-%203.16.20.png?width=613&name=Sector%20Bid%20Offer%20Spread%20-%203.16.20.png)

- Displays the bid-offer spread by sector between 3/6/20 - 3/13/20 
    - Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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