---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-014963"
form_type: "8-K"
ticker: "NCDL"
cik: "0001737924"
company_name: "Nuveen Churchill Direct Lending Corp."
filed_at: "2025-03-26T23:59:59+00:00"
generated_at: "2026-05-24T05:03:32.032042+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-014963
- form_type: 8-K
- ticker: NCDL
- cik: 0001737924
- company_name: Nuveen Churchill Direct Lending Corp.
- filed_at: 2025-03-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737924/000162828025014963/0001628280-25-014963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737924/000162828025014963/ncdlc-20250320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-014963
- JSON: https://secwatch.observer/filing/0001628280-25-014963.json
- Plain text: https://secwatch.observer/filing/0001628280-25-014963.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.