Nuveen Churchill Direct Lending Corp. Enters Material Agreement

Ticker: NCDL · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1737924

Nuveen Churchill Direct Lending Corp. 8-K Filing Summary
FieldDetail
CompanyNuveen Churchill Direct Lending Corp. (NCDL)
Form Type8-K
Filed DateOct 9, 2024
Risk Levelmedium
Pages2
Reading Time3 min
Key Dollar Amounts$0.01, $250,000,000, $325,000,000
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, financial-obligation

TL;DR

Nuveen Churchill Direct Lending Corp. signed a big deal on Oct 4th, expect financial moves.

AI Summary

Nuveen Churchill Direct Lending Corp. entered into a material definitive agreement on October 4, 2024. This agreement involves a direct financial obligation or an obligation under an off-balance sheet arrangement 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 arrangement for Nuveen Churchill Direct Lending Corp., which could impact its future financial obligations and operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that may affect the company's financial health.

Key Players & Entities

  • Nuveen Churchill Direct Lending Corp. (company) — Registrant
  • October 4, 2024 (date) — Date of earliest event reported
  • 375 Park Avenue, 9th Floor, New York, NY 10152 (location) — Principal Executive Offices

FAQ

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

The filing states the company entered into a material definitive agreement that constitutes the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.

On what date was the earliest event reported in this 8-K filing?

The earliest event reported was on October 4, 2024.

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

The principal executive office is located at 375 Park Avenue, 9th Floor, New York, NY 10152.

What is the state of incorporation for Nuveen Churchill Direct Lending Corp.?

Nuveen Churchill Direct Lending Corp. is incorporated in Maryland.

What is the SEC file number for Nuveen Churchill Direct Lending Corp.?

The SEC file number for Nuveen Churchill Direct Lending Corp. is 814-01338.

Filing Stats: 665 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-10-08 17:38:51

Key Financial Figures

  • $0.01 — ich registered Common Stock, par value $0.01 NCDL NYSE Indicate by check mark whet
  • $250,000,000 — he total committed facility amount from $250,000,000 to $325,000,000 and (z) reduced (i) the
  • $325,000,000 — ed facility amount from $250,000,000 to $325,000,000 and (z) reduced (i) the applicable marg

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 4, 2024, Nuveen Churchill Direct Lending Corp. (the "Company"), a Maryland corporation, entered into a second amendment (the "Second Amendment") to the Senior Secured Revolving Credit Agreement, originally dated as of June 23, 2023 (as amended, the "Revolving Credit Agreement"), among the Company, as borrower, the lenders and issuing banks from time to time party thereto, Sumitomo Mitsui Banking Corporation, as administrative agent and sole bookrunner, and Sumitomo Mitsui Banking Corporation and Wells Fargo Securities, LLC as joint lead arrangers. The Second Amendment, among other things, (x) added a term loan tranche, (y) increased the total committed facility amount from $250,000,000 to $325,000,000 and (z) reduced (i) the applicable margin from 2.125% to 2.000% and (ii) the credit spread adjustment from 0.15% to 0.10% for Term SOFR borrowings with a three-month tenor and from 0.25% to 0.10% for Term SOFR borrowings with a six-month tenor. Capitalized terms used but not defined herein have the meanings ascribed thereto in the Revolving Credit Agreement. The foregoing description of the Second Amendment is not complete and is qualified in its entirety by reference to the full text of the Second 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 Amendment No. 2 to Senior Secured Revolving Credit Agreement, dated as of October 4 , 2024 , by and among Nuveen Churchill Direct Lending Corp. , as borrower, NCDL Equity Holdings LLC , as subsidiary g uarantor, the issuing banks party thereto, and Sumitomo Mitsui Banking Corporation, as administrative agent . 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: October 8, 2024 By: /s/ Kenneth J. Kencel Name: Kenneth J. Kencel Title: Chief Executive Officer and President

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