Senior Lending

Cascade

Lender

  • First Lien Credit Facility
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Snow Phipps

January 2016

Swanson Health Products

Lender

  • First Lien Credit Facility
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Swander Pace Capital

January 2016

NEW YORK, January 4, 2016 – I’ve discussed at length the development of revolving credit facilities. Corporate borrowers and private equity sponsors have continued to utilise this tool to maximise flexibility for acquisitions, dividend recaps and working capital. But during 2015 we’ve noted the increasing popularity of another weapon in an issuer’s financing arsenal: namely, the delayed-draw term loan (DDTL).

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Jensen Hughes

Lender

  • First Lien Credit Facility
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Gryphon Investors

December 2015

Vision Group Holdings

Lender

  • First Lien Credit Facility
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Audax Group

December 2015

Mold-Rite Plastics

Lender

  • First Lien Credit Facility
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Irving Place Capital

December 2015

Washing Systems

Lender

  • First Lien Credit Facility
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Gryphon Investors

December 2015

Risk Strategies Company

Lender

  • First Lien Credit Facility
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Kelso Private Equity

December 2015

Argon Medical Devices

Lender

  • Senior Secured Credit Facility
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RoundTable healthcare partners

December 2015

Churchill Asset Management
Location
375 Park Avenue, 9th Floor
New York, NY 10152
Phone
(212) 478-9200
Email
info@churchillam.com

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The material is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons. Past performance does not guarantee future results. Please note investments in middle market loans are subject to various risk factors, including credit risk, liquidity risk and interest rate risk. Churchill Asset Management LLC is a majority-owned subsidiary and member of the TIAA group of companies.