Nuveen Churchill completes $458M CLO refinancing with new tranches due 2038

Nuveen Churchill Direct Lending Corp.

Refinanced $457.975M of term debt securitization (CLO) on March 20, 2025.
Issued $233.25M AAA Class A-R Notes (SOFR+1.38%), $56.25M AA Class B-R (SOFR+1.70%), $1.9M AAA Class X (SOFR+1.05%).
Also drew $30M of AAA Class A-L-R Loans (SOFR+1.38%); $136.575M Subordinated Notes retained by company.
New notes and loans mature April 20, 2038; optional redemption available after April 20, 2027.
Proceeds used to redeem existing debt and fund new collateral; company waived management fee for collateral manager role.

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