secwatch / observer
8-K filed November 7, 2023, 6:59 PM ET ticker NCDL CIK 0001737924
debt confidence medium sentiment neutral materiality 0.65

Nuveen Churchill Direct Lending Corp. (NCDL): debt financing — Nuveen Churchill Direct Lending prices $298M CLO and issues $100M equity in November 2023

Nuveen Churchill Direct Lending Corp.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nuveen Churchill Direct Lending Corp. incurred loan of $50,000,000 with U.S. Bank Trust Company, National Association, as trustee and loan agent at three-month Term SOFR plus 2.35% maturing January 20, 2036.

Instrument
loan
Principal
$50,000,000
Counterparty
U.S. Bank Trust Company, National Association, as trustee and loan agent
Rate
three-month Term SOFR plus 2.35%
Maturity
January 20, 2036
Event
incurrence
Exact text from the filing
Pursuant to the Class A-L-B Credit Agreement, the Class A-L-B Lenders will make $50,000,000 of AAA A-L-B Loans to the Company, which bear interest at the three-month Term SOFR plus 2.35% and will be fully drawn upon closing of the transactions.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nuveen Churchill Direct Lending Corp. incurred debt of $2,000,000 of AAA Class X Notes, $100,500,000 of AAA Class A-1 Notes, $37,500,000 of AA Class B Notes, and approximately with SMBC Nikko Securities America, Inc., as placement agent maturing January 20, 2036.

Principal
$2,000,000 of AAA Class X Notes, $100,500,000 of AAA Class A-1 Notes, $37,500,000 of AA Class B Notes, and approximately
Counterparty
SMBC Nikko Securities America, Inc., as placement agent
Maturity
January 20, 2036
Event
incurrence
Exact text from the filing
The 2023 Notes consist of $2,000,000 of AAA Class X Notes, which bear interest at the three-month Term SOFR plus 2.00%; $100,500,000 of AAA Class A-1 Notes, which bear interest at the three-month Term SOFR plus 2.35%; $37,500,000 of AA Class B Notes, which bear interest at the three-month Term SOFR plus 3.20%; and approximately $83,060,000 of Subordinated Notes, which do not bear interest.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nuveen Churchill Direct Lending Corp. incurred loan of $25,000,000 with U.S. Bank Trust Company, National Association, as trustee and loan agent at three-month Term SOFR plus 2.35% maturing January 20, 2036.

Instrument
loan
Principal
$25,000,000
Counterparty
U.S. Bank Trust Company, National Association, as trustee and loan agent
Rate
three-month Term SOFR plus 2.35%
Maturity
January 20, 2036
Event
incurrence
Exact text from the filing
Pursuant to the Class A-L-A Credit Agreement, the Class A-L-A Lenders will make $25,000,000 of AAA A-L-A 2023 Loans to the Company, which bear interest at the three-month Term SOFR plus 2.35% and will be fully drawn upon closing of the transactions.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nuveen Churchill Direct Lending Corp. reported financial results for the quarter ended September 30, 2023.

Period
the quarter ended September 30, 2023
Result
reported results
Exact text from the filing
On November 7, 2023, Nuveen Churchill Direct Lending Corp. (the “Company”) provided an investor presentation to its shareholders summarizing certain financial and performance information for the quarter ended September 30, 2023.
View on SEC.gov

7 debt financings filed in the last 30 days. Browse all debt financings →

Nuveen Churchill Direct Lending Corp. filing history →

Source: SEC EDGAR
accession 0001628280-23-037234
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