secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill Direct Lending Corp. (NCDL)
CIK:        0001737924
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001628280-23-041321
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuveen Churchill closes $298M CLO debt securitization with multiple tranches
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737924/000162828023041321/0001628280-23-041321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737924/000162828023041321/ncdlc-20231207.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-041321

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