secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill Direct Lending Corp. (NCDL)
CIK:        0001737924
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001737924-26-000003
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

NCDL prices ~$300M CLO refinancing; AAA notes at SOFR+1.38%
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- Total 2026 Debt of $299.7M: $125.5M AAA Class A-R Notes, $50M AAA Class A-L-R Loans, $37.5M AA Class B-R Notes, $86.7M Subordinated Notes.
- AAA tranches bear interest at three-month Term SOFR + 1.38%; AA tranche at SOFR + 1.70%.
- Company retains all $86.7M of Subordinated Notes, which do not bear interest.
- Debt matures January 20, 2039; reinvestment period for collateral through January 20, 2031.
- Closing expected February 20, 2026, subject to customary conditions and S&P ratings assignment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737924/000173792426000003/0001737924-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737924/000173792426000003/ncdlc-20260129.htm
  HTML page:      https://secwatch.observer/filing/0001737924-26-000003

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