{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-041321","form_type":"8-K","ticker":"NCDL","cik":"0001737924","company_name":"Nuveen Churchill Direct Lending Corp.","filed_at":"2023-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.265173+00:00","generated_at":"2026-06-07T14:18:47.920982+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Nuveen Churchill closes $298M CLO debt securitization with multiple tranches","bullets":["$298.06M term debt securitization closed Dec 7, 2023; notes and loans backed by senior secured and second lien loans.","Classes: $2M AAA Class X (SOFR+2%), $100.5M AAA A-1 (SOFR+2.35%), $37.5M AA B (SOFR+3.20%), $83.06M Subordinated (retained by company).","Additionally, $25M Class A-L-A loans and $50M Class A-L-B loans drawn at close (SOFR+2.35%).","Maturity Jan 20, 2036; reinvestment period until Jan 20, 2028; company serves as collateral manager and waives management fee."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-041321","json":"https://secwatch.observer/filing/0001628280-23-041321.json","markdown":"https://secwatch.observer/filing/0001628280-23-041321.md","text":"https://secwatch.observer/filing/0001628280-23-041321.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023041321/0001628280-23-041321-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023041321/ncdlc-20231207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T14:18:47.920982+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":"0a8efd25614dde9c0e389153371458a1f580b479","claim":"Nuveen Churchill Direct Lending Corp. entered into Class A-L-A Loan Agreement with various financial institutions and other persons which are, or may become, parties thereto as lenders valued at $25 million (effective 2023-12-07).","evidence_excerpt":"the 2023 Issuer also entered into a loan agreement (the “Class A-L-A Loan Agreement”), pursuant to which various financial institutions and other persons which are, or may become, parties thereto as lenders (the “Class A-L-A Lenders”) committed to make $25 million of AAA Class A-L-A 2023 Loans to the 2023 Issuer","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023041321/0001628280-23-041321-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"various financial institutions and other persons which are, or may become, parties thereto as lenders"},{"label":"Value","value":"$25 million"},{"label":"Effective","value":"2023-12-07"}],"fact_type":"material_agreement"},{"claim_id":"706bc81534e81664f3a8b94e2ecb0a12658749ea","claim":"Nuveen Churchill Direct Lending Corp. entered into Indenture and security agreement with Churchill NCDLC CLO-II, LLC valued at $298,060,000 (effective 2023-12-07).","evidence_excerpt":"The notes offered in the 2023 Debt Securitization (the “2023 Notes”) were issued by Churchill NCDLC CLO-II, LLC (formerly known as Nuveen Churchill BDC SPV II, LLC) (the “2023 Issuer”), a direct, wholly-owned, consolidated subsidiary of the Company, pursuant to an indenture and security agreement (the “Indenture”) dated as of the Closing Date.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023041321/0001628280-23-041321-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Churchill NCDLC CLO-II, LLC"},{"label":"Value","value":"$298,060,000"},{"label":"Effective","value":"2023-12-07"}],"fact_type":"material_agreement"},{"claim_id":"cacee334ed8bf149a866660e61039330976ac38e","claim":"Nuveen Churchill Direct Lending Corp. entered into Class A-L-B Loan Agreement with various financial institutions and other persons which are, or may become, parties thereto as lenders valued at $50 million (effective 2023-12-07).","evidence_excerpt":"a loan agreement (the “Class A-L-B Loan Agreement” and, together with the Class A-L-A Loan Agreement, the “Loan Agreements”), pursuant to which various financial institutions and other persons which are, or may become, parties thereto as lenders (the “Class A-L-B Lenders”) committed to make $50 million of AAA Class A-L-B 2023 Loans to the 2023 Issuer","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023041321/0001628280-23-041321-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"various financial institutions and other persons which are, or may become, parties thereto as lenders"},{"label":"Value","value":"$50 million"},{"label":"Effective","value":"2023-12-07"}],"fact_type":"material_agreement"},{"claim_id":"ea9496bca928812be67127092d50f79cd1c9ca22","claim":"Nuveen Churchill Direct Lending Corp. entered into Placement Agreement with SMBC Nikko Securities America, Inc., as placement agent and Capital One Securities, Inc., as co-placement agent (effective 2023-12-07).","evidence_excerpt":"the 2023 Issuer entered into a Placement Agreement (the “Placement Agreement”) with SMBC Nikko Securities America, Inc., as placement agent (in such capacity, the “Placement Agent”) and Capital One Securities, Inc., as co-placement agent (in such capacity, the “Co-Placement Agent” and, together with the Placement Agent, the “Placement Agents”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1737924/000162828023041321/0001628280-23-041321-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"SMBC Nikko Securities America, Inc., as placement agent and Capital One Securities, Inc., as co-placement agent"},{"label":"Effective","value":"2023-12-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}