secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill Direct Lending Corp. (NCDL)
CIK:        0001737924
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001628280-23-023726
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuveen Churchill Direct Lending Corp. enters $185M revolving credit facility, expandable to $300M
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- Initial capacity $185M with uncommitted accordion to $300M; borrowing base tied to portfolio investments.
- Maturity June 2028; swingline sublimit $25M; proceeds for general corporate and portfolio funding.
- Interest on US$ draws at Term SOFR or prime rate plus applicable margin (1.125%-2.25% p.a. range).
- Commitment fee 0.375% on undrawn amount; facility secured by substantially all portfolio investments.
- Guarantee by subsidiary NCDL Equity Holdings LLC and future guarantors; SMBC administrative agent and sole bookrunner.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737924/000162828023023726/0001628280-23-023726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737924/000162828023023726/ncdlc-20230623.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-023726

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