secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill Direct Lending Corp. (NCDL)
CIK:        0001737924
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001628280-24-012245
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuveen Churchill closes $297M CLO-III securitization; reduces Wells Fargo facility to $150M
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- Closed $296.97M term debt securitization (CLO-III) on March 14, 2024; notes due April 20, 2036.
- Notes issued: $175.5M AAA Class A (SOFR+2.00%), $37.5M AA Class B (SOFR+2.65%), $2M AAA Class X (SOFR+1.40%), and $81.97M Subordinated Notes retained by company.
- Amended Wells Fargo Financing Facility: maximum reduced from $275M to $150M; can increase to $250M with lender consent.
- Reinvestment period under Wells Fargo facility ends March 31, 2025; undrawn fees escalate from 0.25% to 1.50% over time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737924/000162828024012245/0001628280-24-012245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737924/000162828024012245/ncdlc-20240314.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-012245

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