--- title: Monthly Syndicated Bank Loan Market Summary - August 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-July/Avg%20Bid%20PX%20by%20Sector%20-%20July%202019.png --- ![Contact](https://blog.solvefixedincome.com/hubfs/Solveadvisors_Dec_2016%20/Images/contact-new.jpg "Contact") - [Home](https://www.solvefixedincome.com) - [SolveQuotes](http://www.solveadvisors.com/SolveQuotes.aspx) - [Bank Loans Market Summary](https://blog.solveadvisors.com/syndicated-bank-loan-market-summary) - [Municipal Bond Market Summary](https://blog.solveadvisors.com/municipal-bond-market-summary) - [Blog](https://blog.solveadvisors.com) - [About](http://www.solveadvisors.com/AboutUs.aspx) - [Contact](https://info.solveadvisors.com/contactus) # Solve Advisors Syndicated Bank Loan Market Summaries [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Fblog.solvefixedincome.com%2Fsyndicated-bank-loan-market-summary%2Fmonthly-sept-3-2019%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fblog.solvefixedincome.com%2Fsyndicated-bank-loan-market-summary%2Fmonthly-sept-3-2019%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fblog.solvefixedincome.com%2Fsyndicated-bank-loan-market-summary%2Fmonthly-sept-3-2019%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fblog.solvefixedincome.com%2Fsyndicated-bank-loan-market-summary%2Fmonthly-sept-3-2019%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Monthly%20Syndicated%20Bank%20Loan%20Market%20Summary%20-%20August%202019) # Monthly Syndicated Bank Loan Market Summary - August 2019 [Michael Pellerito](https://www.linkedin.com/in/michael-pellerito/), September 03, 2019 [![Subscribe to Solve's Market Summaries...](https://no-cache.hubspot.com/cta/default/2719542/91aa5211-0cab-4d0e-bdd3-86338376d63c.png)](https://cta-redirect.hubspot.com/cta/redirect/2719542/91aa5211-0cab-4d0e-bdd3-86338376d63c) [![REQUEST A FREE TRIAL](https://no-cache.hubspot.com/cta/default/2719542/d8180db9-19ab-453b-9aab-adadfd7b20eb.png)](https://cta-redirect.hubspot.com/cta/redirect/2719542/d8180db9-19ab-453b-9aab-adadfd7b20eb) --- ## 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-sept-3-2019#winners) 2. [Top 10 Loan Price Losers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-sept-3-2019#Top10Losers) 3. [Average Bid Price](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-sept-3-2019#AvBidPX) (By industry sector) 4. [Market Sentiment](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-sept-3-2019#Sentiment) 5. [Top Quote Volume Movers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-sept-3-2019#Movers) 6. [Most Quoted Loans](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-sept-3-2019#MostQuoted) 7. [Bid and Offer Volume](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-sept-3-2019#BidOfferVolume) 8. [Bid Offer Spread ](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/monthly-sept-3-2019#Spread) (By industry sector)   | **TOP 10 WINNERS** | | | | | | --- | --- | --- | --- | --- | | **Rank** | **Loan** | **Chg** | **Price** | **Price - 1M** | | **1** | **BUCCANEER 2ND LIEN TL** | **6.85%** | **74.90** | **70.10** | | **2** | **ADVANTAGE SALES 2ND LIEN TL** | **6.06%** | **85.05** | **80.19** | | **3** | **SMS SYSTEMS TL** | **5.68%** | **79.44** | **75.17** | | **4** | **HEALTHPORT TL B** | **5.65%** | **88.79** | **84.05** | | **5** | **OWENS & MINOR DISTRIBUTION TL B** | **5.18%** | **84.67** | **80.50** | | **6** | **HIGHLINE AFTERMARKET ACQUISITION TL** | **4.69%** | **84.16** | **80.38** | | **7** | **RADIATION THERAPY SERVICES TL B** | **3.04%** | **89.57** | **86.93** | | **8** | **US TELEPACIFIC TL B** | **2.69%** | **97.49** | **94.94** | | **9** | **CONSOLIDATED COMMUNICATIONS TL B2** | **2.63%** | **95.66** | **93.20** | | **10** | **CSM N V 2ND LIEN TL** | **2.57%** | **93.25** | **90.91** | - Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 8/1/19 - 8/31/19 | **TOP 10 LOSERS** | | | | | | --- | --- | --- | --- | --- | | **Rank** | **Loan** | **Chg** | **Price** | **Price - 1M** | | **1** | **CONSTELLIS HOLDINGS LLC 2ND LIEN TL** | **-60.01%** | **34.17** | **85.46** | | **2** | **MCS TL B** | **-40.45%** | **34.76** | **58.37** | | **3** | **NPC 2ND LIEN TL** | **-29.09%** | **39.89** | **56.26** | | **4** | **DITECH EXIT TL B** | **-24.75%** | **27.26** | **36.22** | | **5** | **EXELA TL B** | **-24.53%** | **64.73** | **85.77** | | **6** | **SAVE A LOT TL B** | **-15.27%** | **44.34** | **52.33** | | **7** | **INTERNAP TL B** | **-13.55%** | **75.56** | **87.41** | | **8** | **JO-ANN STORES 2ND LIEN TL** | **-10.54%** | **73.35** | **81.99** | | **9** | **ACCUVANT 2ND LIEN TL** | **-10.37%** | **79.32** | **88.50** | | **10** | **JASON INC 2ND LIEN TL** | **-10.30%** | **80.30** | **89.51** | - Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 8/1/19 - 8/31/19    ![Avg Bid PX by Sector ](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/Monthly/2019-Aug/image%20(12).png?width=640&name=image%20(12).png)   - Displays the average loan bid price by sector for the period between 8/1/19 - 8/31/19 - 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-Aug/image%20(14).png?width=640&name=image%20(14).png) - Reveals the percent of loans increasing in price *(advancers)* vs. loans decreasing in price *(decliners)* for the period between 8/1/19 - 8/31/19 | **TOP QUOTE VOLUME MOVERS: THIS MONTH vs LAST MONTH** | | | | | | | --- | --- | --- | --- | --- | --- | | **RANK** | **TRANCHE** | **PRIOR MONTH** | **THIS MONTH** | **INCREASE** | **% INCREASE** | | **1** | **PEPKOR GBP TL** | **2** | **82** | **80** | **4000%** | | **2** | **SHUTTERFLY DD TL B** | **112** | **189** | **77** | **69%** | | **3** | **8TH AVENUE FOOD & PROVISIONS TL** | **93** | **157** | **64** | **69%** | | **4** | **GTT COMMUNICATIONS TL B** | **198** | **260** | **62** | **31%** | | **5** | **BERRY PLASTICS TL R** | **131** | **192** | **61** | **47%** | | **6** | **ALORICA TL B** | **70** | **128** | **58** | **83%** | | **7** | **CARLISLE FOODSERVICE TL** | **60** | **118** | **58** | **97%** | | **8** | **SS&C TECH TL B4** | **108** | **166** | **58** | **54%** | | **9** | **BOMBARDIER RECREATIONAL TL B2** | **26** | **81** | **55** | **212%** | | **10** | **MILLENNIUM TRUST TL** | **57** | **112** | **55** | **96%** | - Exhibits the loans with the largest increase in quote volume for the month ending 7/31/19 vs. the month ending 8/31/19 - Includes only loans outstanding | **MOST QUOTED LOANS** | | | | --- | --- | --- | | **RANK** | **TRANCHE** | **DEALERS** | | **1** | **ENVISION HEALTHCARE TL B** | **14** | | **2** | **BAUSCH HEALTH COMPANIES INC. TL B** | **13** | | **3** | **MACDONALD DETTWILER TL B** | **11** | | **4** | **SERTA SIMMONS TL** | **11** | | **5** | **SKILLSOFT EXT TL** | **10** | | **6** | **ROYALTY PHARMA TL B6** | **10** | | **7** | **VERITAS TL B1** | **10** | | **8** | **LUMILEDS DD TL** | **10** | | **7** | **CINEWORLD TL B** | **10** | | **10** | **PENN NATIONAL GAMING TL B** | **10** | - Ranks the loans that were quoted by the highest number of dealers for the period between 8/1/19 - 8/31/19    ![Bid and Offer Volume](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/Monthly/2019-Aug/image%20(11).png?width=640&name=image%20(11).png) - Reveals the total number of quotes by bid and offer for the period between 8/1/19 - 8/31/19   ![Sector Bid Offer Spread ](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/Monthly/2019-Aug/image%20(13).png?width=640&name=image%20(13).png) - Displays the bid-offer spread by sector between 8/1/19 - 8/31/19 - 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?***  [![REQUEST A FREE TRIAL](https://no-cache.hubspot.com/cta/default/2719542/d8180db9-19ab-453b-9aab-adadfd7b20eb.png)](https://cta-redirect.hubspot.com/cta/redirect/2719542/d8180db9-19ab-453b-9aab-adadfd7b20eb) ***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.***   - [Home](http://www.solveadvisors.com/Default.aspx) - [About Solve](http://www.solveadvisors.com/AboutUs.aspx) - [Management Team](http://www.solveadvisors.com/MeetOurTeam.aspx) - [In the Press](http://www.solveadvisors.com/InThePress.aspx) - [Blog](https://blog.solveadvisors.com) - [Contact Us](https://info.solveadvisors.com/contactus) Copyright © 2011-2021 Solve Advisors Inc. 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