Highest-materiality recent filing
Nuveen Churchill Direct Lending issues additional $100M of 6.650% Notes due 2030
Issued $100M additional 6.650% Notes due 2030, increasing total outstanding to $400M.
NCDL shareholders elect Kencel and Potter as Class III directors
49,387,065 shares outstanding; quorum of 25,732,027 present at annual meeting.
Nuveen Churchill Q1 NII $0.41/shr, NAV $17.50, declares $0.38 Q2 distribution
Q1 net investment income $0.41 per share; net realized/unrealized loss of $0.23 per share; net asset value $17.50 (down from $17.72).
Nuveen Churchill Direct Lending authorizes $50M share repurchase plan at discount to NAV
Company entered into a 10b5-1 plan to repurchase up to $50M of common stock in open market.
Q4 net investment income $0.44 per share; NAV per share $17.72, down from $17.85 at Q3.
NCDL prices ~$300M CLO refinancing; AAA notes at SOFR+1.38%
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.
Nuveen Churchill Direct Lending Q3 NII $0.43; NAV $17.85; declares $0.45 distribution
Net investment income of $0.43 per share; Q3 distribution of $0.45 per share paid Oct 28, 2025.
Nuveen Churchill Direct Lending Q2 NII $0.46/sh, NAV $17.92, declares $0.45 distribution
Q2 NII of $0.46/sh covers $0.45 distribution; net realized/unrealized loss $(0.14)/sh.
Nuveen Churchill Direct Lending shareholders reject below-NAV share issuance authorization
Reena Aggarwal and James Ritchie elected as Class II directors with 25.7M and 25.8M votes for.
Nuveen Churchill Q1 NII $0.53/sh; NAV declines to $17.96; declares $0.45/sh distribution
Net investment income of $0.53 per share; net realized and unrealized loss of $(0.24) per share.
Nuveen Churchill Direct Lending extends share repurchase plan for another 12 months
Original plan authorized up to $99,275,000 in buybacks at prices below NAV; was set to expire March 29, 2025.
Nuveen Churchill completes $458M CLO refinancing with new tranches due 2038
Refinanced $457.975M of term debt securitization (CLO) on March 20, 2025.
Nuveen Churchill Direct Lending files $200M ATM equity distribution program
Up to $200,000,000 in common stock may be sold through Truist Securities, Citizens JMP, and Keefe Bruyette & Woods.
Nuveen Churchill Direct Lending Q4 2024 NII $0.56, NAV $18.18, declares $0.45 quarterly distribution
Q4 2024 net investment income $0.56/share; NAV per share $18.18, up from $18.15 in Q3.
Director Michael Perry resigns from Nuveen Churchill Direct Lending Board
Michael Perry resigned as director on February 10, 2025, effective immediately.
Nuveen Churchill terminates loan facility with Wells Fargo, all obligations satisfied
Terminated Amended and Restated Loan and Security Agreement dated Dec 31, 2019, with SPV V, Wells Fargo, and lenders.
Nuveen Churchill Direct Lending issues $300M of 6.650% Notes due 2030
$300M aggregate principal of 6.650% Notes due March 15, 2030, issued on Jan 22, 2025.
Nuveen Churchill Direct Lending Corp. issues $300M in 6.650% Notes due 2030
$300 million aggregate principal of 6.650% Notes due 2030 issued via underwriting agreement.
NCDL Q3 2024 NII of $0.58/share covers regular and special distributions; NAV up to $18.15
Net investment income of $0.58 per share; regular distribution of $0.45 and special of $0.10 per share.
Nuveen Churchill expands credit facility to $325M, adds $25M term loan, reduces margin
Total committed revolving facility increased from $250M to $325M; new $25M term loan tranche added.
Nuveen Churchill Direct Lending increases credit facility from $150M to $225M
Increased total committed facility under Wells Fargo Financing Facility from $150M to $225M.
NCDL Q2 NII $0.57/sh; NAV $18.03; declares $0.45 regular Q3 distribution
Net investment income per share $0.57; net realized/unrealized loss per share $(0.20).
Nuveen Churchill Direct Lending Corp. elects three Class I directors at annual meeting
Proposal 1: election of three Class I directors passed; Michael Perry, David Kirchheimer, and Kenneth Miranda elected.
Nuveen Churchill Direct Lending Q1 NII $0.56/sh, NAV $18.21, declares $0.45 dividend
Net investment income of $0.56 per share; net income $0.57 per share.
Nuveen Churchill Direct Lending expands revolving credit facility to $250M
Maximum principal increased from $185M to $250M via accordion feature.
Nuveen Churchill closes $297M CLO-III securitization; reduces Wells Fargo facility to $150M
Closed $296.97M term debt securitization (CLO-III) on March 14, 2024; notes due April 20, 2036.
Nuveen Churchill Direct Lending adopts up to $99.3M share repurchase plan below NAV
Plan authorizes open-market purchases of up to $99,275,000 in common stock when price is below NAV per share.
Nuveen Churchill Direct Lending Q4 NII $0.66, NAV $18.13; declares $0.55/share distribution
Net investment income per share $0.66 (Q4 2023) vs $0.62 prior quarter; net income per share $0.73.
NCDL reports Q4/FY 2023 results; presentation lacks disclosed figures in extract
Filed Form 8-K on Feb 27, 2024, announcing Q4 and full year 2023 financial results.
Nuveen Churchill Direct Lending appoints Charmagne Kukulka as CCO; McCally resigns effective March 1
John D. McCally resigned as Chief Compliance Officer effective March 1, 2024; remains Vice President and Secretary.
Nuveen Churchill prices $297M CLO with four tranches of notes
Priced $2M Class X (SOFR+1.40%), $175.5M Class A (SOFR+2.00%), $37.5M Class B (SOFR+2.65%), and $81.97M Subordinated Notes (retained).
Base management fee cut from 1.25% to 0.75% of Average Total Assets for Q1 2024 through Q1 2025, then steps to 1.00%.
Nuveen Churchill Direct Lending raises $142.4M in final drawdown; all capital commitments exhausted
Issued 7,888,094 shares of common stock at aggregate offering price of $142.4 million.
Shareholders approve advisory agreements and below-NAV issuance
Amended investment advisory agreement approved with 27,984,303 for, 6,167 against.
Special meeting convened and adjourned on Dec 14, 2023; no business conducted.
Nuveen Churchill closes $298M CLO debt securitization with multiple tranches
$298.06M term debt securitization closed Dec 7, 2023; notes and loans backed by senior secured and second lien loans.
Nuveen Churchill Direct Lending amends $300M credit facility; rate up, maturity extended to 2026
Reinvestment period extended to Nov 2024; stated maturity extended to Nov 2026 (from Nov 2025).
Nuveen Churchill Direct Lending prices $298M CLO and issues $100M equity in November 2023
Priced a term debt securitization on Nov 2, 2023, with notes and loans totaling approximately $298M.
Nuveen Churchill Direct Lending Corp. issues investor presentation for Q2 2023 results
Provided investor presentation on August 10, 2023, summarizing financial and performance information for the quarter ended June 30, 2023.
Issued 4.36M shares of common stock for $78.6M via drawdown subscription agreement
On July 17, 2023, the Company issued 4,357,515 shares of common stock at an aggregate price of approximately $78.6 million.
Nuveen Churchill Direct Lending Corp. enters $185M revolving credit facility, expandable to $300M
Initial capacity $185M with uncommitted accordion to $300M; borrowing base tied to portfolio investments.
Shareholders elect two Class III directors at annual meeting
Kenneth Kencel and Stephen Potter elected as Class III directors until 2026.
Nuveen Churchill Direct Lending Corp. Issues Q1 2023 Investor Presentation
Presentation summarizes financial and performance data for the quarter ended March 31, 2023.
Nuveen Churchill Direct Lending issues 2.2M shares for $40M in drawdown
Issued 2,205,038 shares of common stock at $40M aggregate offering price on April 20, 2023.
Investor presentation for quarter ended December 31, 2022 was furnished.
Nuveen Churchill Direct Lending Corp. issues 3.19M shares for $60M in capital drawdown
Issued 3,193,195 shares at aggregate price of $60 million on Dec 21, 2022.
NCDLC issued an investor presentation for the quarter ended September 30, 2022, as disclosed in the 8-K.
First Amendment to Revolving Credit Agreement entered on September 1, 2022 with Sumitomo Mitsui Banking Corporation as agent and lender.
NCDLC issues Q2 2022 investor presentation; no specific financial data in filing excerpt
Investor presentation covers quarter ended June 30, 2022, filed on August 16, 2022.
Nuveen Churchill Direct Lending issues 2.65M shares for $50M in private placement
Issued 2,652,775 shares of common stock at aggregate offering price of ~$50M on Aug 1, 2022.
On February 10, 2025, Michael Perry notified the Board of Directors (the "Board") of Nuveen Churchill Direct Lending Corp. (the "Company") that he was resigning as a director of the Board, effective immediately.
In connection with the foregoing, on February 20, 2024, the Board appointed Charmagne Kukulka as the Chief Compliance Officer of the Company, effective as of March 1, 2024.
On February 20, 2024, John D. McCally submitted his resignation as the Chief Compliance Officer of Nuveen Churchill Direct Lending Corp. (the “ Company ”) to the Company’s board of directors (the “ Board ”), effective as of March 1, 2024.
Max materiality 0.75 · Median 0.55 · Most common event debt