---
title: Syndicated Bank Loan Market Summary - Week Ending 5/18/18
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/2018-5-21/Sector%20Bid%20Offer%20Spread.png
---

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# Solve Advisors Syndicated Bank Loan Market Summaries

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# Syndicated Bank Loan Market Summary - Week Ending 5/18/18

[Michael Pellerito](https://www.linkedin.com/in/michael-pellerito/), May 21, 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, May 11th - Friday, May 18th.  In the tables and charts below, you'll find:

1. [Top 10 Loan Price Winners](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/may-21-2018#winners)
2. [Top 10 Loan Price Losers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/may-21-2018#Top10Losers)
3. [Average Bid Price](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/may-21-2018#AvBidPX) (By industry sector)
4. [Market Sentiment](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/may-21-2018#Sentiment)
5. [Top Quote Volume Movers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/may-21-2018#Movers)
6. [Most Quoted Loans](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/may-21-2018#MostQuoted)
7. [Bid and Offer Volume](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/may-21-2018#BidOfferVolume)
8. [Bid Offer Spread ](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/may-21-2018#Spread) (By industry sector)

 

| **TOP 10 WINNERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1W** |
| **1** | **CATALINA MARKETING TL B** | **7.69%** | **66.90** | **62.12** |
| **2** | **TENSAR 2ND LIEN TL** | **7.12%** | **87.64** | **81.81** |
| **3** | **PREMIER OIL TL** | **4.50%** | **88.58** | **84.77** |
| **4** | **HEALOGICS EXT TL B** | **3.92%** | **92.00** | **88.54** |
| **5** | **HARVEY GULF TL B** | **2.71%** | **40.42** | **39.35** |
| **6** | **CENGAGE TL** | **2.54%** | **90.95** | **88.70** |
| **7** | **JCREW TL B** | **2.52%** | **76.47** | **74.59** |
| **8** | **CHUCK E CHEESE TL B** | **2.09%** | **93.15** | **91.24** |
| **9** | **SEADRILL PARTNERS LLC EXT TL B** | **1.93%** | **89.16** | **87.47** |
| **10** | **SYNCREON GROUP BV TL B** | **1.62%** | **93.55** | **92.06** |

- Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 5/11/18 - 5/18/18

| **TOP 10 LOSERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1W** |
| **1** | **ANCHOR GLASS 2ND LIEN TL** | **-6.86%** | **88.00** | **94.48** |
| **2** | **DAYTON SUPERIOR TL** | **-4.95%** | **80.84** | **85.05** |
| **3** | **NBTY TL** | **-4.62%** | **84.78** | **88.88** |
| **4** | **CTI FOODS TL** | **-4.31%** | **85.37** | **89.22** |
| **5** | **ANCHOR GLASS TL B** | **-3.73%** | **93.49** | **97.12** |
| **6** | **SERTA SIMMONS 2ND LIEN TL** | **-2.92%** | **77.56** | **79.89** |
| **7** | **AMERICAN TIRE TL B** | **-2.35%** | **85.71** | **87.77** |
| **8** | **TOYS R US PROPCO TL B** | **-2.22%** | **80.43** | **82.26** |
| **9** | **GNC TL B** | **-2.21%** | **95.36** | **97.51** |
| **10** | **EPIC HEALTH TL B** | **-1.90%** | **95.75** | **97.61** |

- Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between  5/11/18 - 5/18/18

 

 ![Avg Bid PX by Sector](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-5-21/Avg%20Bid%20PX%20by%20Sector.png?width=640&name=Avg%20Bid%20PX%20by%20Sector.png)

 

- Displays the average loan bid price by sector for the period between 5/11/18 - 5/18/18 
    - Results are based on 5 select industry sectors, however, we offer data across 36 sectors

  

![Sentiment - Advancers vs. Decliners](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-5-21/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 5/11/18 - 5/18/18

 

| **TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK** |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| **RANK** | **TRANCHE** | **PRIOR WEEK** | **THIS WEEK** | **INCREASE** | **% INCREASE** |
| **1** | **STADA ARZNEIMITTEL EUR TL B1** | **26** | **61** | **35** | **135%** |
| **2** | **STADA ARZNEIMITTEL GBP TL B1** | **16** | **42** | **26** | **163%** |
| **3** | **AVOLON TL B3** | **29** | **52** | **23** | **79%** |
| **4** | **CALPINE CORP TL B6** | **24** | **46** | **22** | **92%** |
| **5** | **LANDRY'S TL B** | **39** | **61** | **22** | **56%** |
| **6** | **GTT COMMUNICATIONS TL B** | **30** | **50** | **20** | **67%** |
| **7** | **HILTON TL B2** | **20** | **38** | **18** | **90%** |
| **8** | **FLAKT WOODS EUR TL B** | **28** | **46** | **18** | **64%** |
| **9** | **FLINT GROUP EUR TL B** | **48** | **66** | **18** | **38%** |
| **10** | **EMI GROUP TL B** | **40** | **57** | **17** | **43%** |

- Exhibits the loans with the largest increase in quote volume for the week ending 5/11/18 vs. the week ending 5/18/18

 

| **MOST QUOTED LOANS** |  |  |
| --- | --- | --- |
| **RANK** | **TRANCHE** | **DEALERS** |
| **1** | **FORTERRA TL** | **9** |
| **2** | **DELL TL B** | **9** |
| **3** | **TRANSDIGM INC TL F** | **9** |
| **4** | **INEOS FIN TL B** | **9** |
| **5** | **COMMERCIAL BARGE TL** | **8** |
| **6** | **INFOR TL B** | **8** |
| **7** | **BMC SOFTWARE TL B1** | **8** |
| **8** | **ZAYO TL B2** | **8** |
| **9** | **GARDNER DENVER TL B** | **8** |
| **10** | **NTL CABLE PLC TL K** | **8** |

- Ranks the loans that were quoted by the highest number of dealers for the period between 5/11/18 - 5/18/18

 

![Bid and Offer Volume](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-5-21/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 5/11/18 - 5/18/18

 

![Sector Bid Offer Spread](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-5-21/Sector%20Bid%20Offer%20Spread.png?width=640&name=Sector%20Bid%20Offer%20Spread.png)

- Displays the bid-offer spread by sector between 5/11/18 - 5/18/18 
    - Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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