BIRMINGHAM, Ala. – May 2, 2019 – Regions Bank announced that Regions Capital Markets, a division of Regions Bank, served as Sole Lead Arranger and Sole Bookrunner and Regions Bank served as Administrative Agent on a senior secured credit facility supporting the acquisition of Data Blue by private equity firm Court Square Capital Partners. Churchill Asset Management, LLC acted as Title Agent for the transaction.
Data Blue is a converged infrastructure solutions provider, delivering customized storage, backup and server virtualization and consolidation solutions to the enterprise, with specific emphasis on Fortune 1000 companies.
Through its Corporate Banking Group, Regions serves public and private companies throughout the bank’s geographic footprint as well as across the United States through its Specialized Industry groups. Regions Capital Markets, a division of Regions Bank, provides products and services including syndicated loan facilities, interest rate, commodity and foreign exchange risk hedging. Regions provides advisory and certain capital raising services through Regions Securities LLC, member FINRA and SIPC, a wholly-owned subsidiary which serves as a broker-dealer to commercial clients and acts in an advisory capacity to merger and acquisition transactions. BlackArch Partners LLC, a wholly-owned subsidiary of Regions, offers merger and acquisition services to its institutional clients and commercial entities.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $129 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest, and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
About Court Square
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 225 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 $6.2 billion of assets under management and is based in New York, N.Y.
About Churchill Asset Management LLC
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 $6.4 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 at www.churchillam.com.