Articles

PitchBook – 2Q 2018 US PE Middle Market Report

NEW YORK, July 26, 2018 – Churchill Asset Management ranked as one of the top five most active middle market lenders in the second quarter of 2018 by PitchBook…

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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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