Nuveen Churchill Direct Lending Corp. Signs Material Agreement

Ticker: NCDL · Form: 8-K · Filed: Apr 15, 2024 · CIK: 1737924

Nuveen Churchill Direct Lending Corp. 8-K Filing Summary
FieldDetail
CompanyNuveen Churchill Direct Lending Corp. (NCDL)
Form Type8-K
Filed DateApr 15, 2024
Risk Levelmedium
Pages2
Reading Time3 min
Key Dollar Amounts$0.01, $185,000,000, $250,000,000
Sentimentneutral

Sentiment: neutral

Topics: material-agreement

Related Tickers: NCDL

TL;DR

NCDL signed a big new deal, details TBD.

AI Summary

On April 9, 2024, Nuveen Churchill Direct Lending Corp. (NCDL) entered into a material definitive agreement. The filing does not disclose the specific details of this agreement, only that it is a significant contract for the company.

Why It Matters

This filing indicates a significant new contract for Nuveen Churchill Direct Lending Corp., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its potential impact on the company.

Key Players & Entities

  • Nuveen Churchill Direct Lending Corp. (company) — Registrant
  • NCDL (company) — Trading Symbol
  • April 9, 2024 (date) — Date of earliest event reported

FAQ

What is the nature of the material definitive agreement entered into by Nuveen Churchill Direct Lending Corp. on April 9, 2024?

The filing states that Nuveen Churchill Direct Lending Corp. entered into a material definitive agreement on April 9, 2024, but does not provide specific details about the agreement itself.

What is the trading symbol for Nuveen Churchill Direct Lending Corp. common stock?

The trading symbol for Nuveen Churchill Direct Lending Corp. common stock is NCDL.

On which exchange is Nuveen Churchill Direct Lending Corp. common stock traded?

Nuveen Churchill Direct Lending Corp. common stock is traded on the NYSE.

What is the principal executive office address for Nuveen Churchill Direct Lending Corp.?

The principal executive office address for Nuveen Churchill Direct Lending Corp. is 375 Park Avenue, 9th Floor, New York, NY 10152.

What is the IRS Employer Identification Number for Nuveen Churchill Direct Lending Corp.?

The IRS Employer Identification Number for Nuveen Churchill Direct Lending Corp. is 84-3613224.

Filing Stats: 668 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-04-15 16:51:11

Key Financial Figures

  • $0.01 — ich registered Common Stock, par value $0.01 NCDL NYSE Indicate by check mark whet
  • $185,000,000 — nder the Revolving Credit Facility from $185,000,000 to $250,000,000 pursuant to the accordi
  • $250,000,000 — ng Credit Facility from $185,000,000 to $250,000,000 pursuant to the accordian feature; and

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On April 9, 2024, Nuveen Churchill Direct Lending Corp. (the "Company"), a Maryland corporation, entered into Amendment No. 1 ("Amendment No. 1") to the Senior Secured Revolving Credit Agreement, dated as of June 23, 2023 (as amended by the First Amendment, the "Revolving Credit Agreement" and facility thereunder, the "Revolving Credit Facility"), by and among the Company, as borrower, NCDL Equity Holdings LLC, as subsidiary guarantor, the lenders and issuing banks party thereto, Sumitomo Mitsui Banking Corporation, as administrative agent for the lenders. Amendment No. 1, among other things: (a) increased the maximum principal amount available under the Revolving Credit Facility from $185,000,000 to $250,000,000 pursuant to the accordian feature; and (b) replaced the interest rate benchmark for Borrowings denominated in Canadian Dollars from CDOR to CORRA, which includes a credit spread adjustment of 0.29547% for one month tenor Borrowings and 0.32138% for three month tenor Borrowings. Capitalized terms used but not defined herein have the meanings ascribed thereto in the Revolving Credit Facility. The foregoing description of Amendment No. 1 is not complete and is qualified in its entirety by reference to the full text of the Amendment No. 1, which is attached hereto as Exhibit 10.1. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 10.1 Amendment No. 1 to Senior Secured Revolving Credit Agreement, dated as of April 9, 2024 , by and among Nuveen Churchill Direct Lending Corp., as borrower, NCDL Equity Holdings LLC, as sub si diary guarantor, the lenders and issuing banks party thereto , Sumitomo Mitsui Banking Corporation, as administrative agent for the lenders. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NUVEEN CHURCHILL DIRECT LENDING CORP. Date: April 15, 2024 By: /s/ Kenneth J. Kencel Name: Kenneth J. Kencel Title: Chief Executive Officer and President

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