NEW YORK, August 2, 2018 – Churchill Asset Management (Churchill), a majority-owned affiliate of Nuveen focused on originating, underwriting and managing middle market senior loan investments, has appointed Amit Bhatia, Jeff Rabaut and Tarek Srouji as Principals and members of the company’s Sponsor Coverage team…
New York, August 1, 2018 — Churchill Asset Management (“Churchill”) today announced that it served as Lead Arranger and Sole Bookrunner for a $67 million first lien credit facility to support the recapitalization of Midwest Can Company & Container Specialties Inc. (“Midwest Can”) by GenNx360 Capital Partners (“GenNx360”)…
New York, August 1, 2018 — Churchill Asset Management LLC (“Churchill”), a majority-owned affiliate of Nuveen focused on originating, underwriting and managing middle market senior loan investments, announced today that Amit Bhatia, Jeff Rabaut and Tarek Srouji have joined the firm as Principals and members of Churchill’s Sponsor Coverage team. The appointments are effective immediately and all will report to Randy Schwimmer, Senior Managing Director and Head of Origination and Capital Markets…
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…
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.”…
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…
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…
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…
Lender
July 2018