Churchill Serves as Joint Lead Arranger for a $128 Million First Lien Credit Facility to Support Court Square Capital Partners’ Recapitalization of Ahead, LLC

New York, September 5, 2018 – Churchill Asset Management (“Churchill”) today announced that it served as Joint Lead Arranger and Joint Book Runner for a $128 million first lien credit facility to support the recapitalization of Ahead, LLC (“Ahead”) by Court Square Capital Partners (“Court Square”).

Based in Chicago, IL, Ahead is a consulting company that helps enterprises transform how and where they run applications and infrastructure. From strategy, to implementation, to ongoing managed services, the company creates tailored cloud solutions for enterprises at all stages of the cloud journey.

“Cloud computing continues to reshape how information technology is delivered, and Ahead remains at the forefront of this changing landscape. With a terrific team and forward-thinking approach, Ahead fulfills a crucial role for its clients by helping them optimize the architecture and infrastructure of the data center,” said Randy Schwimmer, Senior Managing Director and Head of Origination & Capital Markets at Churchill. “We are excited to partner with Court Square on this transaction, and look forward to supporting the business through its next phase of growth.”

The financing represents the sixth transaction that the Churchill platform has completed in support of Court Square. Court Square is a leading New York, NY-based private equity firm that has completed over 220 investments over the last three decades in the business services, general industrial, healthcare, and technology and telecommunications industries.

About Churchill Asset Management

Based in New York, Churchill Asset Management LLC is a leading provider of senior and unitranche debt financing for middle market companies, particularly those backed by top-tier private equity sponsors. Churchill has $4.4 billion of committed capital under management and has broad experience in all aspects of the middle market financing business, including structuring, credit analysis, syndication, and deal monitoring and oversight. More information can be found atwww.churchillam.com.

About Court Square Capital Partners

Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 220 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $4.2 billion of assets under management and is based in New York, N.Y.

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Investments in middle market loans are subject to certain risks. Please consider all risks carefully prior to investing in any particular strategy. These investments are subject to credit risk and potentially limited liquidity, as well as interest rate risk, currency risk, prepayment and extension risk, and inflation risk.

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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.