---
title: Monthly Syndicated Bank Loan Market Summary - January 2019
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/Monthly/2018-December/Avg%20Bid%20PX%20By%20Sector%20-%20December%202018v2.png
---

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# Solve Advisors Syndicated Bank Loan Market Summaries

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# Monthly Syndicated Bank Loan Market Summary - January 2019

[Michael Pellerito](https://www.linkedin.com/in/michael-pellerito/), February 04, 2019

Solve Advisor's **monthly 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 month of January 2019 versus December 2018.  In the tables and charts below, you'll find:

1. [Top 10 Loan Price Winners](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-feb-4-2019#winners)
2. [Top 10 Loan Price Losers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-feb-4-2019#Top10Losers)
3. [Average Bid Price](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-feb-4-2019#AvBidPX) (By industry sector)
4. [Market Sentiment](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-feb-4-2019#Sentiment)
5. [Top Quote Volume Movers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-feb-4-2019#Movers)
6. [Most Quoted Loans](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-feb-4-2019#MostQuoted)
7. [Bid and Offer Volume](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-feb-4-2019#BidOfferVolume)
8. [Bid Offer Spread ](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-feb-4-2019#Spread) (By industry sector)

 

| **TOP 10 WINNERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1M** |
| **1** | **UNIMIN CORP TL** | **12.39%** | **79.47** | **70.71** |
| **2** | **SAVE A LOT TL B** | **10.59%** | **54.22** | **49.02** |
| **3** | **SPENCER SPIRIT 2ND LIEN TL** | **8.38%** | **89.20** | **82.30** |
| **4** | **PETSMART TL B** | **6.90%** | **83.53** | **78.14** |
| **5** | **DOUGLAS HOLDING EUR TL B1** | **6.52%** | **78.10** | **73.32** |
| **6** | **PREMIER OIL TL** | **6.27%** | **87.82** | **82.63** |
| **7** | **RGIS TL** | **6.26%** | **86.34** | **81.25** |
| **8** | **PGS TL B** | **5.64%** | **94.81** | **89.74** |
| **9** | **PHARMERICA TL B** | **5.34%** | **99.74** | **94.68** |
| **10** | **MONEYGRAM EXT TL B** | **5.23%** | **86.49** | **82.19** |

- Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 1/1/19 - 1/31/19

| **TOP 10 LOSERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1M** |
| **1** | **NINE WEST UNS TL** | **-27.48%** | **50.04** | **69.00** |
| **2** | **CROSSMARK TL** | **-27.14%** | **25.50** | **35.00** |
| **3** | **DITECH EXIT TL B** | **-22.54%** | **66.99** | **86.48** |
| **4** | **ACOSTA TL B** | **-22.49%** | **46.40** | **59.86** |
| **5** | **HEALOGICS 2ND LIEN TL** | **-16.21%** | **64.52** | **77.00** |
| **6** | **RENTPATH 2ND LIEN TL** | **-11.72%** | **45.97** | **52.08** |
| **7** | **KETER GROUP EUR TL** | **-9.20%** | **71.00** | **78.20** |
| **8** | **ENERGYSOLUTIONS TL B** | **-6.70%** | **85.84** | **92.00** |
| **9** | **FIRSTLIGHT TL B** | **-5.63%** | **93.10** | **98.66** |
| **10** | **MACDONALD DETTWILER TL B** | **-4.94%** | **87.10** | **91.63** |

- Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 1/1/19 - 1/31/19

 

 ![Avg Bid PX by Sector](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/Monthly/2019%20-%20Jan/Avg%20Bid%20PX%20by%20Sector%20-%202.4.19.png?width=640&name=Avg%20Bid%20PX%20by%20Sector%20-%202.4.19.png)

 

- Displays the average loan bid price by sector for the period between 1/1/19 - 1/31/19 
    - 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/Monthly/2019%20-%20Jan/Sentiment%20-%202.4.19.png?width=640&name=Sentiment%20-%202.4.19.png)

- Reveals the percent of loans increasing in price *(advancers)* vs. loans decreasing in price *(decliners)* for the period between 1/1/19 - 1/31/19

| **TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH** |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| **RANK** | **TRANCHE** | **PRIOR MONTH** | **THIS MONTH** | **INCREASE** | **% INCREASE** |
| **1** | **NTL CABLE PLC GBP TL L** | **58** | **298** | **240** | **414%** |
| **2** | **ALLISON TRANSMISSION TL B** | **222** | **424** | **202** | **91%** |
| **3** | **NTL CABLE PLC GBP TL M** | **99** | **290** | **191** | **193%** |
| **4** | **EIRCOM FDG EUR TL B6** | **134** | **313** | **179** | **134%** |
| **5** | **TELENET EUR TL A** | **8** | **181** | **173** | **2163%** |
| **6** | **VERISURE MIDHOLDING AB EUR TL B1** | **58** | **225** | **167** | **288%** |
| **7** | **ACTION NEDERLAND BV EUR TL B** | **104** | **270** | **166** | **160%** |
| **8** | **MEDIQ INC EUR TL B** | **76** | **240** | **164** | **216%** |
| **9** | **OGF SA EUR TL B** | **143** | **305** | **162** | **113%** |
| **10** | **ION TRADING TL B** | **47** | **208** | **161** | **343%** |

- Exhibits the loans with the largest increase in quote volume for the month ending 12/31/18 vs. the month ending 1/31/19
- Includes only loans outstanding

| **MOST QUOTED LOANS** |  |  |
| --- | --- | --- |
| **RANK** | **TRANCHE** | **DEALERS** |
| **1** | **ALTICE FINANCING TL B** | **12** |
| **2** | **US SILICA CO TL B** | **11** |
| **3** | **MONITRONICS TL** | **10** |
| **4** | **DELL TL A2** | **10** |
| **5** | **ALLISON TRANSMISSION TL B** | **10** |
| **6** | **BMC SOFTWARE TL B** | **10** |
| **7** | **PARTY CITY TL B** | **10** |
| **8** | **ASURION TL B4** | **9** |
| **7** | **WITTUR EUR TL B** | **9** |
| **10** | **SERTA SIMMONS TL** | **9** |

- Ranks the loans that were quoted by the highest number of dealers for the period between 1/1/19 - 1/31/19

 

 ![Bid and Offer Volume](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/Monthly/2019%20-%20Jan/Bid%20and%20Offer%20Volume%20-%202.4.19.png?width=640&name=Bid%20and%20Offer%20Volume%20-%202.4.19.png)

- Reveals the total number of quotes by bid and offer for the period between 1/1/19 - 1/31/19

 

![Sector Bid Offer Spread](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/Monthly/2019%20-%20Jan/Sector%20Bid%20Offer%20Spread%20-%202.4.19.png?width=640&name=Sector%20Bid%20Offer%20Spread%20-%202.4.19.png)

- Displays the bid-offer spread by sector between 1/1/19 - 1/31/19 
    - Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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