debt
confidence high
sentiment neutral
materiality 0.60
Nuveen Churchill Direct Lending issues $300M of 6.650% Notes due 2030
Nuveen Churchill Direct Lending Corp.
- $300M aggregate principal of 6.650% Notes due March 15, 2030, issued on Jan 22, 2025.
- Interest payable semi-annually on Mar 15 and Sep 15, beginning Sep 15, 2025.
- Net proceeds to repay Wells Fargo secured SPV facility and part of SMBC revolving credit facility.
- Notes are unsecured, rank pari passu with other unsubordinated unsecured debt.
- Redeemable at any time prior to Feb 15, 2030 at make-whole premium, thereafter at par.