Michael Perry
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.
Highest-materiality recent filing
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.
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.
Max materiality 0.70 · Median 0.55 · Most common event earnings