Nuveen Churchill Direct Lending expands revolving credit facility to $250M

Nuveen Churchill Direct Lending Corp.

Maximum principal increased from $185M to $250M via accordion feature.
New $25M commitment from Natixis as assuming lender.
Existing lenders increased aggregate commitments by $40M; total now $250M.
Canadian dollar benchmark changed from CDOR to CORRA with credit spread adjustments.
Amendment dated April 9, 2024; effective as of that date.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nuveen Churchill Direct Lending Corp. amended Amendment No. 1 with Sumitomo Mitsui Banking Corporation (effective 2024-04-09).

Action: amendment
Agreement: credit facility
Counterparty: Sumitomo Mitsui Banking Corporation
Effective: 2024-04-09

Exact text from the filing

On April 9, 2024, Nuveen Churchill Direct Lending Corp. (the “Company”), a Maryland corporation, entered into Amendment No. 1 (“Amendment No. 1”) to the Senior Secured Revolving Credit Agreement, dated as of June 23, 2023 (as amended by the First Amendment, the “Revolving Credit Agreement” and facility thereunder, the “Revolving Credit Facility”), by and among the Company, as borrower, NCDL Equity Holdings LLC, as subsidiary guarantor, the lenders and issuing banks party thereto, Sumitomo Mitsui Banking Corporation, as administrative agent for the lenders.

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Source: SEC EDGAR

accession 0001628280-24-016233

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