--- title: Monthly Syndicated Bank Loan Market Summary - September 2018 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! --- [Solve Advisors Syndicated Bank Loan Market Summaries](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary) # [Monthly Syndicated Bank Loan Market Summary - September 2018](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-oct-1-2018) Written by [Michael Pellerito](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/author/michael-pellerito) | Oct 1, 2018 4:04:15 PM Solve Advisor's **monthly loan newsletter** highlights trends in the Syndicated Bank Loan market. ***Want to receive Solve's Bank Loan summaries in your inbox directly?***   ***Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?***   ## Solve has aggregated and organized key trends derived from observable loan price data for the month of September 2018 versus August 2018.  In the tables and charts below, you'll find: 1. [Top 10 Loan Price Winners](https://blog.solvefixedincome.com/syndicated-bank-loan-market-monthly-summary-sept-4-2018-2#winners) 2. [Top 10 Loan Price Losers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-oct-1-2018?hs_amp=true#Top10Losers) 3. [Average Bid Price](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-oct-1-2018?hs_amp=true#AvBidPX) (By industry sector) 4. [Market Sentiment](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-oct-1-2018?hs_amp=true#Sentiment) 5. [Top Quote Volume Movers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-monthly-summary-sept-4-2018-2#Movers) 6. [Most Quoted Loans](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-oct-1-2018?hs_amp=true#MostQuoted) 7. [Bid and Offer Volume](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-oct-1-2018?hs_amp=true#BidOfferVolume) 8. [Bid Offer Spread ](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-oct-1-2018?hs_amp=true#Spread) (By industry sector)   | **TOP 10 WINNERS** | | | | | | --- | --- | --- | --- | --- | | **Rank** | **Loan** | **Chg** | **Price** | **Price - 1M** | | **1** | **AMERICAN TIRE TL B** | **14.46%** | **86.65** | **75.70** | | **2** | **SERTA SIMMONS 2ND LIEN TL** | **12.20%** | **77.14** | **68.75** | | **3** | **PETCO TL B** | **11.10%** | **81.07** | **72.97** | | **4** | **ASCENA RETAIL TL B** | **8.55%** | **96.56** | **88.96** | | **5** | **TNT CRANE 2ND LIEN TL** | **6.11%** | **87.01** | **82.00** | | **6** | **OSUM TL** | **5.16%** | **92.80** | **88.25** | | **7** | **STAR WEST TL B** | **4.22%** | **97.51** | **93.56** | | **8** | **SUNGARD AVAIL SERV CAP TL B** | **3.38%** | **97.51** | **94.32** | | **9** | **GNC TL B** | **3.35%** | **98.51** | **95.32** | | **10** | **PRISA EUR TL** | **2.99%** | **95.25** | **92.48** | - Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/1/18 - 9/30/18 | **TOP 10 LOSERS** | | | | | | --- | --- | --- | --- | --- | | **Rank** | **Loan** | **Chg** | **Price** | **Price - 1M** | | **1** | **IQOR 2ND LIEN TL** | **-17.08%** | **74.63** | **90.00** | | **2** | **GIVE & GO TL B** | **-8.97%** | **91.37** | **100.38** | | **3** | **CHRIST JUWELIERE UND UHRMAC EUR TL B** | **-8.19%** | **79.87** | **87.00** | | **4** | **CROSSMARK TL** | **-7.75%** | **55.37** | **60.02** | | **5** | **STRATEGIC MATERIALS 2ND LIEN TL** | **-6.23%** | **91.91** | **98.02** | | **6** | **LIGHTSQUARED EXIT TL** | **-5.65%** | **76.02** | **80.57** | | **7** | **HILDING ANDERS EUR TL** | **-5.60%** | **92.62** | **98.11** | | **8** | **KETER GROUP EUR TL B** | **-5.33%** | **90.82** | **95.94** | | **9** | **PIER 1 TL B** | **-5.31%** | **83.92** | **88.63** | | **10** | **ACADEMY SPORTS TL B** | **-5.24%** | **77.83** | **82.14** | - Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 9/1/18 - 9/30/18       - Displays the average loan bid price by sector for the period between 9/1/18 - 9/30/18 - Results are based on 5 select industry sectors, however, we offer data across 36 sectors    - Reveals the percent of loans increasing in price *(advancers)* vs. loans decreasing in price *(decliners)* for the period between 9/1/18 - 9/30/18 | **TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH** | | | | | | | --- | --- | --- | --- | --- | --- | | **RANK** | **TRANCHE** | **PRIOR MONTH** | **THIS MONTH** | **INCREASE** | **% INCREASE** | | **1** | **TECHEM GMBH EUR TL B1** | **26** | **172** | **146** | **562%** | | **2** | **CHG HEALTHCARE TL B** | **30** | **173** | **143** | **477%** | | **3** | **PRISA EUR TL** | **8** | **132** | **124** | **1550%** | | **4** | **WEBHELP EUR TL B** | **8** | **123** | **115** | **1438%** | | **5** | **CPA GLOBAL EUR TL B** | **72** | **166** | **94** | **131%** | | **6** | **ALTICE FINANCING EUR TL B** | **102** | **192** | **90** | **88%** | | **7** | **TELENET EUR TL A** | **58** | **148** | **90** | **155%** | | **8** | **DIAVERUM EUR TL B** | **184** | **273** | **89** | **48%** | | **9** | **NTL CABLE PLC GBP TL J** | **54** | **141** | **87** | **161%** | | **10** | **MEHILAINEN 2ND LIEN EUR TL** | **10** | **92** | **82** | **820%** | - Exhibits the loans with the largest increase in quote volume for the month ending 8/31/18 vs. the month ending 9/30/18 - Includes only loans outstanding | **MOST QUOTED LOANS** | | | | --- | --- | --- | | **RANK** | **TRANCHE** | **DEALERS** | | **1** | **ALLISON TRANSMISSION TL B** | **10** | | **2** | **TRANSDIGM INC. TL F** | **10** | | **3** | **REYNOLDS GROUP HOLDINGS LIMITED TL B** | **9** | | **4** | **MISYS TL B** | **9** | | **5** | **REXNORD TL** | **9** | | **6** | **HARBOR FREIGHT TL B** | **9** | | **7** | **QUIKRETE TL B** | **8** | | **8** | **ALBERTSONS TL B4** | **8** | | **7** | **GARDNER DENVER TL B** | **8** | | **10** | **DELL TL B** | **8** | - Ranks the loans that were quoted by the highest number of dealers for the period between 9/1/18 - 9/30/18     - Reveals the total number of quotes by bid and offer for the period between 9/1/18 - 9/30/18   - Displays the bid-offer spread by sector between 9/1/18 - 9/30/18 - Results are based on 5 select industry sectors, however, we offer data across 36 sectors  ***Want free access to Real-Time Composite pricing and trends within the market for Syndicated Bank Loans?***   ***If you would like to see additional information, or if you have any feedback or questions, please feel free to reach out to us at [info@solveadvisors.com](mailto:info@solveadvisors.com) or 646-699-5041.***   [View full post](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-oct-1-2018) ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Michael Pellerito" }, "dateModified" : "2019-07-24T20:02:56.973Z", "datePublished" : "2018-10-01T16:04:15Z", "headline" : "Monthly Syndicated Bank Loan Market Summary - September 2018", "image" : { "@type" : "ImageObject", "height" : 827, "url" : "https://cdn2.hubspot.net/hubfs/2719542/Loan%20Summaries/Monthly/2018-%20Sept/Sentiment.png", "width" : 1202 }, "mainEntityOfPage" : "https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-oct-1-2018", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "height" : 60, "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png", "width" : 60 }, "name" : "Solve Advisors Syndicated Bank Loan Market Summaries" } } ```