debt
confidence high
sentiment neutral
materiality 0.55
Nuveen Churchill expands credit facility to $325M, adds $25M term loan, reduces margin
Nuveen Churchill Direct Lending Corp.
- Total committed revolving facility increased from $250M to $325M; new $25M term loan tranche added.
- Applicable margin on SOFR borrowings reduced from 2.125% to 2.000%; credit spread adjustment lowered.
- Bank of New York Mellon and U.S. Bank joined as new lenders with $25M each in new revolving commitments.
- Sumitomo Mitsui Banking Corporation provided the initial $25M term loan as part of the amendment.