---
title: Monthly Syndicated Bank Loan Market Summary - December 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/2019-November/Avg%20Bid%20PX%20by%20Sector%20-%20November%202019.png
---

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# Solve Advisors Syndicated Bank Loan Market Summaries

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# Monthly Syndicated Bank Loan Market Summary - December 2019

[Michael Pellerito](https://www.linkedin.com/in/michael-pellerito/), January 06, 2020

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---

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

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

 

| **TOP 10 WINNERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1M** |
| **1** | **CALIFORNIA RESOURCES TL** | **27.12%** | **74.07** | **58.27** |
| **2** | **LUMILEDS TL B** | **24.36%** | **58.35** | **46.92** |
| **3** | **SEADRILL PARTNERS LLC EXT TL B** | **24.18%** | **49.64** | **39.97** |
| **4** | **AMNEAL PHARMACEUTIAL TL B** | **16.95%** | **89.76** | **76.75** |
| **5** | **PANDA HUMMEL TL B1** | **16.23%** | **88.33** | **76.00** |
| **6** | **SGB-SMIT EUR TL B** | **14.58%** | **57.86** | **50.50** |
| **7** | **DONCASTERS EXT TL B** | **14.06%** | **78.74** | **69.04** |
| **8** | **TEAM HEALTH TL** | **13.05%** | **80.04** | **70.79** |
| **9** | **SERTA SIMMONS TL** | **12.46%** | **64.65** | **57.49** |
| **10** | **NEIMAN MARCUS TL** | **11.33%** | **81.92** | **73.58** |

- Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 12/1/19 - 12/31/19

| **TOP 10 LOSERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1M** |
| **1** | **SOUTHCROSS PROPCO TL B** | **-51.89%** | **30.29** | **62.95** |
| **2** | **4L TECHNOLOGIES INC. TL B** | **-42.33%** | **30.53** | **52.94** |
| **3** | **FUSION CONNECT TL B** | **-21.63%** | **40.36** | **51.50** |
| **4** | **IMAGINE! TL** | **-21.37%** | **33.98** | **43.22** |
| **5** | **AMERICAN ADDICTION TL** | **-18.22%** | **69.50** | **84.98** |
| **6** | **MURRAY ENERGY TL B2** | **-17.60%** | **20.07** | **24.36** |
| **7** | **IQOR 2ND LIEN TL** | **-16.07%** | **61.20** | **72.92** |
| **8** | **TMF GROUP HOLDING BV 2ND LIEN EUR TL** | **-14.75%** | **69.65** | **81.70** |
| **9** | **PEAK 10 2ND LIEN TL** | **-11.78%** | **61.34** | **69.53** |
| **10** | **MEMORA EUR TL B1** | **-9.92%** | **84.00** | **93.25** |

- Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 12/1/19 - 12/31/19

 

 ![Avg Bid Px by Sector](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/Monthly/2019-%20December/Avg%20Bid%20Px%20by%20Sector%20-%20December%202019.png?width=640&name=Avg%20Bid%20Px%20by%20Sector%20-%20December%202019.png)

 

- Displays the average loan bid price by sector for the period between 12/1/19 - 12/31/19 
    - 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-%20December/Sentiment%20-%20December%202019.png?width=640&name=Sentiment%20-%20December%202019.png)

- Reveals the percent of loans increasing in price *(advancers)* vs. loans decreasing in price *(decliners)* for the period between 12/1/19 - 12/31/19

| **TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH** |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| **RANK** | **TRANCHE** | **PRIOR MONTH** | **THIS MONTH** | **INCREASE** | **% INCREASE** |
| **1** | **TRANSUNION TL B5** | **70** | **193** | **123** | **176%** |
| **2** | **ASURION 2ND LIEN TL** | **34** | **120** | **86** | **253%** |
| **3** | **GRIFOLS WORLDWIDE TL B** | **68** | **153** | **85** | **125%** |
| **4** | **SS&C TECH TL B5** | **143** | **208** | **65** | **45%** |
| **5** | **AMERICAN AIRLINES TL B** | **163** | **223** | **60** | **37%** |
| **6** | **STATION CASINO TL B** | **163** | **221** | **58** | **36%** |
| **7** | **CINEWORLD EXT TL B** | **87** | **144** | **57** | **66%** |
| **8** | **ANCESTRY.COM TL B** | **28** | **83** | **55** | **196%** |
| **9** | **ADVANTAGE SALES TL B2** | **83** | **137** | **54** | **65%** |
| **10** | **EG GROUP TL B** | **66** | **120** | **54** | **82%** |

- Exhibits the loans with the largest increase in quote volume for the month ending 11/30/19 vs. the month ending 12/31/19
- Includes only loans outstanding

| **MOST QUOTED LOANS** |  |  |
| --- | --- | --- |
| **RANK** | **TRANCHE** | **DEALERS** |
| **1** | **VERISURE MIDHOLDING AB EUR TL B** | **13** |
| **2** | **NORD ANGLIA EDUCATION FINANC EUR TL B** | **13** |
| **3** | **ASCENA RETAIL TL B** | **12** |
| **4** | **SOLERA TL B** | **12** |
| **5** | **FINANCIAL & RISK US HOLDINGS INC EUR TL B** | **12** |
| **6** | **NOVAFR EUR TL B** | **11** |
| **7** | **NTL CABLE PLC GBP TL L** | **11** |
| **8** | **OGF(POMPES FUNEBRES GENERALE) EUR TL B** | **11** |
| **7** | **CASINO GUICHARD EUR TL B** | **11** |
| **10** | **NPC TL** | **11** |

- Ranks the loans that were quoted by the highest number of dealers for the period between 12/1/19 - 12/31/19

 

 ![Bid and Offer Volume](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/Monthly/2019-%20December/Bid%20and%20Offer%20Volume%20-%20December%202019.png?width=640&name=Bid%20and%20Offer%20Volume%20-%20December%202019.png)

- Reveals the total number of quotes by bid and offer for the period between 12/1/19 - 12/31/19

 

![Sector Bid Offer Spread](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/Monthly/2019-%20December/Sector%20Bid%20Offer%20Spread%20-%20December%202019.png?width=640&name=Sector%20Bid%20Offer%20Spread%20-%20December%202019.png)

- Displays the bid-offer spread by sector between 12/1/19 - 12/31/19 
    - Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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