Nuveen Churchill fund extends credit facility to 2030, revises rates; sub-adviser fee share 85%

Nuveen Churchill Private Capital Income Fund

Amendment extends revolving credit facility maturity from Sept 2029 to March 19, 2030, and availability from Sept 2027 to March 19, 2028.
Applicable Rate: first 3 months at 1.60% on qualifying syndicated loans (up to 30% of eligible) plus 1.80% on remainder; thereafter flat 1.80%.
Make-Whole Percentage set at 0.25% from Dec 19, 2026 to Dec 19, 2027; 0% thereafter.
Sub-adviser Churchill Asset Management's share of advisory fees increased from 70% to 85% of aggregate management and incentive fees; no change to total fees paid by the fund or services provided.

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 with Bank of America, N.A. at 1.80% per annum maturing March 19, 2030.

Instrument: credit facility
Counterparty: Bank of America, N.A.
Rate: 1.80% per annum
Maturity: March 19, 2030
Event: amendment

Exact text from the filing

(ii) incorporates an additional Applicable Rate such that, starting after the three-month anniversary of the Amendment Date, the Applicable Rate will be equal to 1.80% per annum, (iii) extends the availability period from September 19, 2027 to March 19, 2028; (iv) extends the maturity date of the Facility from September 19, 2029 to March 19, 2030; and (v) revises the Make-Whole Percentage (as defined in the Credit Agreement) from 0.0% to 0.25% for the period from December 19, 2026 through December 19, 2027, and 0.0% thereafter.

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Source: SEC EDGAR

accession 0001628280-25-058552

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