Nuveen Churchill Private Capital Income Fund: debt financing — Nuveen Churchill Private Capital Income Fund closes $499.7M CLO and amends Scotiabank credit facility

Nuveen Churchill Private Capital Income Fund

CLO issued $290M Class A-1 notes (AAA, SOFR+1.665%), $35M Class B notes (AA, SOFR+2.10%), $144.7M Subordinated notes.
CLO also includes $20M Class A-2L loans (AAA, SOFR+1.85%) and $10M Class B-L loans (AA, SOFR+2.10%); due May 15, 2037.
Scotiabank credit facility amended: revolving commitment set at $150M (up to $450M), maturity extended to May 22, 2034.
New borrowers added (NCPCIF SPV III LLC and NCPCIF BSL SPV I LLC); prior issuer removed.
Fund retains all Subordinated notes and will waive management fees for collateral manager and servicer roles.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nuveen Churchill Private Capital Income Fund amended credit facility of $150.0 million with The Bank of Nova Scotia maturing May 22, 2034.

Instrument: credit facility
Principal: $150.0 million
Counterparty: The Bank of Nova Scotia
Maturity: May 22, 2034
Event: amendment

Exact text from the filing

Credit Facility. In addition, the Amended Scotiabank Credit Facility Agreement: (i) adjusted the total revolving commitment available under the Scotiabank Credit Facility to $150.0 million (subject to increases up to $450.0 million), subject to availability governed by an over collateralization test; (ii) amended the applicable margin for the interest rate payable

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Source: SEC EDGAR

accession 0001628280-25-028420

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