secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill Direct Lending Corp. (NCDL)
CIK:        0001737924
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001628280-25-014963
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737924/000162828025014963/0001628280-25-014963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737924/000162828025014963/ncdlc-20250320.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-014963

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