---
title: Syndicated Bank Loan Market Summary - Week Ending 9/21/18
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/2018-9-24/Bid%20and%20Offer%20Volume.png
---

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# Solve Advisors Syndicated Bank Loan Market Summaries

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# Syndicated Bank Loan Market Summary - Week Ending 9/21/18

[Michael Pellerito](https://www.linkedin.com/in/michael-pellerito/), September 24, 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, September 14th - Friday, September 21st.  In the tables and charts below, you'll find:

1. [Top 10 Loan Price Winners](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/sept-24-2018#winners)
2. [Top 10 Loan Price Losers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/sept-24-2018#Top10Losers)
3. [Average Bid Price](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/sept-24-2018#AvBidPX) (By industry sector)
4. [Market Sentiment](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/sept-24-2018#Sentiment)
5. [Top Quote Volume Movers](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/sept-24-2018#Movers)
6. [Most Quoted Loans](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/sept-24-2018#MostQuoted)
7. [Bid and Offer Volume](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/sept-24-2018#BidOfferVolume)
8. [Bid Offer Spread ](https://blog.solvefixedincome.com/syndicated-bank-loan-market-summary/sept-24-2018#Spread) (By industry sector)

 

| **TOP 10 WINNERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1W** |
| **1** | **FLOATEL TL B** | **7.86%** | **97.12** | **90.04** |
| **2** | **WESTWAY GROUP INC TL B** | **7.04%** | **99.55** | **93.00** |
| **3** | **IQOR TL B** | **3.32%** | **90.98** | **88.05** |
| **4** | **G-III APPAREL GROUP LTD TL B** | **2.76%** | **101.22** | **98.50** |
| **5** | **SERTA SIMMONS TL** | **2.42%** | **88.79** | **86.69** |
| **6** | **VERITAS TL B1** | **1.67%** | **96.47** | **94.89** |
| **7** | **RENTPATH TL B** | **1.65%** | **85.48** | **84.10** |
| **8** | **WINDSTREAM SERVICES LLC TL B7** | **1.51%** | **87.40** | **86.10** |
| **9** | **99 CENTS ONLY EXT PIK TL B** | **1.19%** | **95.09** | **93.97** |
| **10** | **VERSCEND TL** | **1.10%** | **100.85** | **99.75** |

- Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 9/14/18 - 9/21/18

| **TOP 10 LOSERS** |  |  |  |  |
| --- | --- | --- | --- | --- |
| **Rank** | **Loan** | **Chg** | **Price** | **Price - 1W** |
| **1** | **LIGHTSQUARED EXIT 2ND LIEN TL** | **-8.60%** | **27.42** | **30.00** |
| **2** | **IQOR 2ND LIEN TL** | **-7.79%** | **74.44** | **80.72** |
| **3** | **CATALINA MARKETING TL B** | **-5.84%** | **43.95** | **46.67** |
| **4** | **AKORN TL B** | **-1.48%** | **95.12** | **96.55** |
| **5** | **TRAEGER 2ND LIEN TL** | **-1.03%** | **98.17** | **99.19** |
| **6** | **ROYAL OAK TL B** | **-1.02%** | **98.36** | **99.38** |
| **7** | **PAREXEL INTERNATIONAL TL** | **-0.92%** | **99.13** | **100.05** |
| **8** | **HELIX GENERATION TL B** | **-0.87%** | **93.68** | **94.51** |
| **9** | **SYNCREON GROUP BV TL B** | **-0.87%** | **93.29** | **94.10** |
| **10** | **TOWN SPORTS TL B** | **-0.64%** | **98.50** | **99.13** |

- Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 9/14/18 - 9/21/18

 

 ![Average Bid Price by Sector](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-9-24/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 9/14/18 - 9/21/18 
    - Results are based on 5 select industry sectors, however, we offer data across 36 sectors

  

![Market Sentiment - Advanmcers vs. Decliners](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-9-24/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 9/14/18 - 9/21/18

| **TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK** |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| **RANK** | **TRANCHE** | **PRIOR WEEK** | **THIS WEEK** | **INCREASE** | **% INCREASE** |
| **1** | **TELENET TL A** | **57** | **83** | **26** | **46%** |
| **2** | **NTL CABLE PLC TL K** | **62** | **86** | **24** | **39%** |
| **3** | **SBA COMMUNICATIONS CORP TL B** | **45** | **66** | **21** | **47%** |
| **4** | **COOPER STANDARD TL B** | **62** | **83** | **21** | **34%** |
| **5** | **EIG INVESTORS TL** | **19** | **40** | **21** | **111%** |
| **6** | **VERALLIA EUR TL B4** | **49** | **70** | **21** | **43%** |
| **7** | **GNC FLLO** | **8** | **28** | **20** | **250%** |
| **8** | **APCOA EUR TL B** | **18** | **38** | **20** | **111%** |
| **9** | **ALLISON TRANSMISSION TL B** | **76** | **94** | **18** | **24%** |
| **10** | **CISION TL B** | **40** | **58** | **18** | **45%** |

- Exhibits the loans with the largest increase in quote volume for the week ending 9/14/18 vs. the week ending 9/21/18

| **MOST QUOTED LOANS** |  |  |
| --- | --- | --- |
| **RANK** | **TRANCHE** | **DEALERS** |
| **1** | **DELL TL B** | **10** |
| **2** | **ALLISON TRANSMISSION TL B** | **10** |
| **3** | **TRANSDIGM INC. TL F** | **10** |
| **4** | **REYNOLDS GROUP HOLDINGS LIMITED TL B** | **9** |
| **5** | **MISYS TL B** | **9** |
| **6** | **SOLERA TL B** | **9** |
| **7** | **SOLARWINDS TL** | **9** |
| **8** | **PROTECTION1 TL B** | **9** |
| **9** | **NTL CABLE PLC TL K** | **9** |
| **10** | **DOUGLAS HOLDING EUR TL B8** | **9** |

- Ranks the loans that were quoted by the highest number of dealers for the period between 9/14/18 - 9/21/18

 

 ![Bid and Offer Volume](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-9-24/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 9/14/18 - 9/21/18

 

 ![Sector Bid Offer Spread](https://blog.solvefixedincome.com/hs-fs/hubfs/Loan%20Summaries/2018-9-24/Sector%20Bid%20Offer%20Spread.png?width=640&name=Sector%20Bid%20Offer%20Spread.png)

- Displays the bid-offer spread by sector between 9/14/18 - 9/21/18 
    - Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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