Nuveen Churchill Direct Lending Corp. Terminates Material Agreement
Ticker: NCDL · Form: 8-K · Filed: Jan 29, 2025 · CIK: 1737924
| Field | Detail |
|---|---|
| Company | Nuveen Churchill Direct Lending Corp. (NCDL) |
| Form Type | 8-K |
| Filed Date | Jan 29, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement-termination, financial-statements, exhibits
TL;DR
Nuveen Churchill Direct Lending Corp. terminated a key deal on Jan 23rd. Filing out now.
AI Summary
Nuveen Churchill Direct Lending Corp. filed an 8-K on January 29, 2025, reporting the termination of a material definitive agreement as of January 23, 2025. The filing also includes financial statements and exhibits related to this event.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement can indicate underlying issues or strategic shifts that may affect the company's financial health and future prospects.
Key Numbers
- 0001737924 — Central Index Key (Unique identifier for Nuveen Churchill Direct Lending Corp.)
- 000-56133 — Commission File Number (SEC file number for the registrant)
Key Players & Entities
- Nuveen Churchill Direct Lending Corp. (company) — Registrant
- January 23, 2025 (date) — Date of earliest event reported
- January 29, 2025 (date) — Filing date
- 375 Park Avenue, 9th Floor, New York, NY 10152 (address) — Principal Executive Offices
FAQ
What was the specific material definitive agreement that was terminated?
The filing does not specify the exact nature of the material definitive agreement that was terminated, only that it occurred on January 23, 2025.
What are the implications of this termination for Nuveen Churchill Direct Lending Corp.?
The filing indicates the termination of a material definitive agreement and includes financial statements and exhibits, suggesting potential operational or financial impacts, but does not detail them.
When was the termination effective?
The earliest event reported, the termination of the material definitive agreement, was effective as of January 23, 2025.
What is the purpose of filing financial statements and exhibits with this 8-K?
The financial statements and exhibits are filed in connection with the termination of the material definitive agreement, likely to provide context or necessary documentation related to the event.
Has Nuveen Churchill Direct Lending Corp. undergone name changes previously?
Yes, the company was formerly known as Nuveen Churchill BDC INC. until December 30, 2019, and prior to that, Nuveen Churchill BDC LLC until April 18, 2018.
Filing Stats: 553 words · 2 min read · ~2 pages · Grade level 13.2 · Accepted 2025-01-29 16:18:00
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 NCDL New York Stock Exchange Indicate
Filing Documents
- ncdlc-20250123.htm (8-K) — 30KB
- 0001628280-25-002998.txt ( ) — 184KB
- ncdlc-20250123.xsd (EX-101.SCH) — 2KB
- ncdlc-20250123_def.xml (EX-101.DEF) — 15KB
- ncdlc-20250123_lab.xml (EX-101.LAB) — 26KB
- ncdlc-20250123_pre.xml (EX-101.PRE) — 16KB
- ncdlc-20250123_htm.xml (XML) — 3KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. On January 23, 2025, Nuveen Churchill Direct Lending Corp. (the "Company"), a Maryland corporation, and Nuveen Churchill BDC SPV V, LLC, a Delaware limited liability company ("SPV V"), terminated in full the Amended and Restated Loan and Security Agreement, dated as of December 31, 2019 (as amended from time to time, the "Loan and Security Agreement"), by and among the Company, as manager, SPV V, as borrower, the lenders and issuing banks from time to time party thereto, Wells Fargo Bank, National Association ("Wells Fargo"), as administrative agent and a lender, and the Company, as equity investor. In connection with the termination of the Loan and Security Agreement, the Company also terminated the security interest over the collateral granted to Wells Fargo and the lenders pursuant to the Loan and Security Agreement. The Loan and Security Agreement was terminated concurrent with the satisfaction of all obligations and liabilities of the Company to the lenders thereunder, including, without limitation, payments of principal and interest, other fees, breakage costs and other amounts owing to the lenders.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 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: January 29, 2025 By: /s/ Kenneth J. Kencel Name: Kenneth J. Kencel Title: Chief Executive Officer and President