---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-040035"
form_type: "8-K"
ticker: "NCDL"
cik: "0001737924"
company_name: "Nuveen Churchill Direct Lending Corp."
filed_at: "2023-11-27T23:59:59+00:00"
generated_at: "2026-06-07T21:31:56.478376+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nuveen Churchill Direct Lending amends $300M credit facility; rate up, maturity extended to 2026

## Summary
- Reinvestment period extended to Nov 2024; stated maturity extended to Nov 2026 (from Nov 2025).
- Interest rate increased: Base Rate +1.65% (was +1.15%) or Term SOFR +2.65% (was +2.15%).
- Maximum facility reduced from $300M to $150M upon a permitted securitization; can increase to $250M at lender's discretion.
- Extension fee of $450,000 plus 0.30% annualized on $150M until securitization; new unused commitment fees tiered at 0.50% or 1.00%.

## SEC filing metadata
- accession: 0001628280-23-040035
- form_type: 8-K
- ticker: NCDL
- cik: 0001737924
- company_name: Nuveen Churchill Direct Lending Corp.
- filed_at: 2023-11-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737924/000162828023040035/0001628280-23-040035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737924/000162828023040035/ncdlc-20231121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-040035
- JSON: https://secwatch.observer/filing/0001628280-23-040035.json
- Plain text: https://secwatch.observer/filing/0001628280-23-040035.txt

## Key facts
- Debt Financings
  Nuveen Churchill Direct Lending Corp. amended credit facility with Sumitomo Mitsui Banking Corporation at Base Rate plus 1.65% or Term SOFR plus 2.65% maturing November 24, 2026.
  - Instrument: credit facility
  - Counterparty: Sumitomo Mitsui Banking Corporation
  - Rate: Base Rate plus 1.65% or Term SOFR plus 2.65%
  - Maturity: November 24, 2026
  - Event: amendment
  source text: On November 21, 2023, Nuveen Churchill BDC SPV II, LLC (“SPV II”) and Nuveen Churchill BDC SPV IV, LLC (“SPV IV”), each a wholly owned subsidiary of Nuveen Churchill Direct Lending Corp. (the “Company”), entered into the First Amendment (the “Amendment”) to the Amended and Restated Loan and Servicing Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737924/000162828023040035/0001628280-23-040035-index.htm
- Material Agreements
  Nuveen Churchill Direct Lending Corp. amended First Amendment with Sumitomo Mitsui Banking Corporation (effective 2023-11-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Sumitomo Mitsui Banking Corporation
  - Effective: 2023-11-21
  source text: On November 21, 2023, Nuveen Churchill BDC SPV II, LLC (“SPV II”) and Nuveen Churchill BDC SPV IV, LLC (“SPV IV”), each a wholly owned subsidiary of Nuveen Churchill Direct Lending Corp. (the “Company”), entered into the First Amendment (the “Amendment”) to the Amended and Restated Loan and Servicing Agreement (the “Loan Agreement”) by and among SPV II and SPV IV, as the borrowers (collectively, the “Borrowers”), the Company, as the servicer, Sumitomo Mitsui Banking Corporation, as the administrative agent and the lender, U.S. Bank Trust Company, National Association, as the collateral administrator, and U.S. Bank National Association, as the account bank and the collateral custodian.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737924/000162828023040035/0001628280-23-040035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.