{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-037234","form_type":"8-K","ticker":"NCDL","cik":"0001737924","company_name":"Nuveen Churchill Direct Lending Corp.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.264736+00:00","generated_at":"2026-06-08T16:31:31.453664+00:00","sec_items":["2.02","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"medium","headline":"Nuveen Churchill Direct Lending prices $298M CLO and issues $100M equity in November 2023","bullets":["Priced a term debt securitization on Nov 2, 2023, with notes and loans totaling approximately $298M.","Notes include $2M AAA X (SOFR+2%), $100.5M AAA A-1 (SOFR+2.35%), $37.5M AA B (SOFR+3.2%), and $83M Subordinated (retained by company).","Entered into $25M Class A-L-A and $50M Class A-L-B credit agreements, both at SOFR+2.35%, maturing Jan 2036.","Issued 5,497,609 shares of common stock on Nov 3, 2023, raising approximately $100M from existing investors.","Provided an investor presentation for Q3 2023, but specific financial performance figures were not detailed in this filing."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-037234","json":"https://secwatch.observer/filing/0001628280-23-037234.json","markdown":"https://secwatch.observer/filing/0001628280-23-037234.md","text":"https://secwatch.observer/filing/0001628280-23-037234.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023037234/0001628280-23-037234-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023037234/ncdlc-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T16:31:31.453664+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d475f28cfa4f1c14c00965f36ae23fff57c9240","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023037234/0001628280-23-037234-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$50,000,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee and loan agent"},{"label":"Rate","value":"three-month Term SOFR plus 2.35%"},{"label":"Maturity","value":"January 20, 2036"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2708e3346df595022738abe9e392dd0a8eabbfce","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023037234/0001628280-23-037234-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$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"},{"label":"Counterparty","value":"SMBC Nikko Securities America, Inc., as placement agent"},{"label":"Maturity","value":"January 20, 2036"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8aca2b4bda73a4dfb5e084f86d88bca948cb322a","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023037234/0001628280-23-037234-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$25,000,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee and loan agent"},{"label":"Rate","value":"three-month Term SOFR plus 2.35%"},{"label":"Maturity","value":"January 20, 2036"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5ff1d21ab170b8c4eb54df525ea7dee0f889a344","claim":"Nuveen Churchill Direct Lending Corp. reported financial results for the quarter ended September 30, 2023.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023037234/0001628280-23-037234-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}