secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill Direct Lending Corp. (NCDL)
CIK:        0001737924
Form:       8-K
Filed at:   2023-11-27T23:59:59+00:00
Accession:  0001628280-23-040035
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737924/000162828023040035/0001628280-23-040035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737924/000162828023040035/ncdlc-20231121.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-040035

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