Nuveen Churchill Private Capital Income Fund: M&A transaction — Nuveen Churchill Private Capital Income Fund completes asset acquisition of $221M from affiliate NCPCF

Nuveen Churchill Private Capital Income Fund

Acquired substantially all assets of Nuveen Churchill Private Credit Fund (NCPCF) for $220,977,302 (NAV as of Dec 9, 2024).
Fund assumed $281.5M of NCPCF's credit facility debt; $217.6M borrowed under its own credit line to fund purchase.
Transaction approved by NCPCF shareholders on Dec 5, 2024 and by boards of both funds.
Both funds are affiliated BDCs externally managed by Nuveen/Churchill entities; same trustees serve on both boards.
Financial statements and supplemental disclosure will be filed via amendment to this 8-K.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Nuveen Churchill Private Capital Income Fund completed an acquisition involving Nuveen Churchill Private Credit Fund for $220,977,302 (closed 2024-12-11).

Action: acquisition
Counterparty: Nuveen Churchill Private Credit Fund
Consideration: $220,977,302
Closing: 2024-12-11

Exact text from the filing

on NCPCF’s Board. Pursuant to the Purchase Agreement, at the Effective Time (as defined in the Purchase Agreement), the Fund delivered to NCPCF an aggregate purchase price of $220,977,302 (the “Purchase Price”), equal to the net asset value of NCPCF as of December 9, 2024, at which time NCPCF sold, transferred, assigned and conveyed to the Fund substantially all of

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Source: SEC EDGAR

accession 0001628280-24-050998

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