S&P Global Market Intelligence – LCD Middle Market Review

NEW YORK, July 24, 2018 – “There has been a clear shift to the prominence of the unitranche deal,” says Ken Kencel, President and CEO of Churchill Asset Management. “It’s a direct result of sponsors seeking one-stop debt solutions. Unitranche eliminates intercreditor issues. The economics and pricing of the unitranche are also comparable to the two-part debt structure, but with no syndication risk. You can’t be a full-service debt provider today without this capability.”…

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PE Hub – Churchill Backs Kramer’s Acquisition of Anti-dandruff Shampoo Brand Nizoral

NEW YORK, July 18, 2018 – Churchill Asset Management has provided a senior secured credit facility to back Kramer Laboratories’ acquisition of Nizoral, an anti-dandruff shampoo brand. No financial terms were disclosed. Kramer is a portfolio company of Avista Capital Partners…

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Private Debt Investor – Why CLOs are On the Rise

New York, July 11, 2018 – Diversification, friendlier regulations and high barriers to entry are among the reasons these securitised products are becoming a bigger part of the private debt universe. View this short presentation to find out more…

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Creditflux – BDCs Turn to CLO Financing as Effective Alternative to Bilateral Leverage Agreements

London, July 5, 2018 – The traditional source and structure of BDC leverage has evolved over time. Today, in addition to bilateral financing (corporate revolvers, asset-based facilities, etc), CLO structures can serve as an attractive source of long-term, attractively priced leverage, especially for BDCs anchored in diverse portfolios of senior secured middle-market loans, says David Heilbrunn, senior managing director and head of product development and capital raising at Churchill…

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Private Debt Investor – Sizing Up the Middle

London, July 1, 2018 – CLOs offer attractive alternatives for investors looking to gain exposure to
mid-market debt. David Heilbrunn, Churchill Asset Management’s head of product development and capital raising, and Shai Vichness, the company’s chief financial officer, give us their insights…

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Creditflux – The Expanding Middle

London, June 29, 2018 – “Churchill’s origination strategy is centred on the direct coverage of the US middle market private equity community,” says Ken Kencel, president and CEO of Churchill Asset Management LLC. “Our strategy is augmented by direct coverage of our key co-lenders. This dualsourcing approach ensures that Churchill can select its investments from the widest array of potential opportunities.”…

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