Nuveen Churchill Direct Lending Corp. Enters Material Agreement

Ticker: NCDL · Form: 8-K · Filed: Sep 3, 2024 · CIK: 1737924

Nuveen Churchill Direct Lending Corp. 8-K Filing Summary
FieldDetail
CompanyNuveen Churchill Direct Lending Corp. (NCDL)
Form Type8-K
Filed DateSep 3, 2024
Risk Levelmedium
Pages2
Reading Time3 min
Key Dollar Amounts$0.01, $150,000,000, $225,000,000
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, financial-obligation

TL;DR

Nuveen Churchill Direct Lending Corp. just signed a big deal, expect financial updates.

AI Summary

Nuveen Churchill Direct Lending Corp. entered into a material definitive agreement on August 27, 2024. This agreement involves a direct financial obligation for the registrant. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Nuveen Churchill Direct Lending Corp., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.

Key Players & Entities

  • Nuveen Churchill Direct Lending Corp. (company) — Registrant
  • August 27, 2024 (date) — Date of earliest event reported

FAQ

What type of material definitive agreement did Nuveen Churchill Direct Lending Corp. enter into?

The filing states that Nuveen Churchill Direct Lending Corp. entered into a material definitive agreement on August 27, 2024, which constitutes a direct financial obligation for the registrant. Specific details of the agreement are not provided in the excerpt.

What is the significance of the 'Creation of a Direct Financial Obligation' item?

This item indicates that the registrant has incurred a direct financial obligation as a result of the material definitive agreement entered into on August 27, 2024.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on August 27, 2024.

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

The principal executive offices of Nuveen Churchill Direct Lending Corp. are located at 375 Park Avenue, 9th Floor, New York, NY 10152.

What are the previous names of Nuveen Churchill Direct Lending Corp.?

Nuveen Churchill Direct Lending Corp. was formerly known as Nuveen Churchill BDC INC. (name change effective December 30, 2019) and Nuveen Churchill BDC LLC (name change effective April 18, 2018).

Filing Stats: 663 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-09-03 16:12:28

Key Financial Figures

  • $0.01 — ich registered Common Stock, par value $0.01 NCDL NYSE Indicate by check mark whet
  • $150,000,000 — the Wells Fargo Financing Facility from $150,000,000 to $225,000,000. Capitalized terms used
  • $225,000,000 — Financing Facility from $150,000,000 to $225,000,000. Capitalized terms used but not defined

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On August 27, 2024, Nuveen Churchill Direct Lending Corp. (the " Company "), a Maryland corporation, and Nuveen Churchill BDC SPV V, LLC, a Delaware limited liability company (the " Borrower "), entered into a fifth amendment (the " Fifth Amendment ") to the Amended and Restated Loan and Security Agreement, dated as of December 31, 2019 (as amended by the Fifth Amendment, the " Loan and Security Agreement, " and the facility thereunder the "Wells Fargo Financing Facility"), among the Company, as the collateral manager, the Borrower, as borrower, the lenders and issuing banks from time to time party thereto, Wells Fargo Bank, National Association, as administrative agent and a lender, and the Company, as equity investor. The Fifth Amendment, among other things, increased the total committed facility amount under the Wells Fargo Financing Facility from $150,000,000 to $225,000,000. Capitalized terms used but not defined herein have the meanings ascribed thereto in the Loan and Security Agreement. The foregoing description of the Fifth Amendment is not complete and is qualified in its entirety by reference to the full text of the Fifth Amendment, 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 Fifth Amendme nt to the Amended and Resta ted Loan and Security Agreement, dated August 27, 2024, by and among Nuveen Churchill BDC SPV V, LLC, as borrower, Nuveen Churchill Direct Lending Corp. , as the collateral manager and equity investor , and Wells Fargo Bank, National Association, as administrative agent and a lender . 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: September 3, 2024 By: /s/ Kenneth J. Kencel Name: Kenneth J. Kencel Title: Chief Executive Officer and President

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