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Nuveen Churchill Direct Lending (NCDL)

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Earnings summaries and quarterly performance for Nuveen Churchill Direct Lending.

Recent press releases and 8-K filings for NCDL.

Nuveen Churchill Direct Lending Corp. Prices Term Debt Securitization Refinancing
NCDL
Debt Issuance
New Projects/Investments
  • Nuveen Churchill Direct Lending Corp. (NCDL) priced a refinancing of a term debt securitization (collateralized loan obligation) on January 29, 2026, with the closing anticipated around February 20, 2026.
  • The 2026 Debt is expected to total $309.7 million, comprising $125.5 million in AAA Class A-R Notes, $50 million in AAA Class A-L-R Loans, $37.5 million in AA Class B-R Notes, and $86.7 million in Subordinated Notes.
  • The Company will directly retain all $86.7 million of Subordinated Notes, which do not bear interest.
  • This debt, backed by a diversified portfolio of senior secured and second lien loans, is expected to mature on January 20, 2039.
3 days ago
Nuveen Churchill Direct Lending Corp. Announces Q3 2025 Results
NCDL
Earnings
Dividends
Share Buyback
  • Nuveen Churchill Direct Lending Corp. reported net investment income of $0.43 per share and a net increase in net assets resulting from operations of $0.38 per share for the third quarter ended September 30, 2025. The Net Asset Value (NAV) per share was $17.85 as of September 30, 2025, compared to $17.92 per share as of June 30, 2025.
  • The company's Board of Directors declared a fourth quarter 2025 regular distribution of $0.45 per share payable on January 27, 2026.
  • As of September 30, 2025, the fair value of the portfolio was $2.0 billion, with 89.8% in first-lien debt investments and 0.4% of total investments at fair value on non-accrual status. NCDL maintained $316 million in liquidity and a debt-to-equity ratio of 1.25x.
Nov 4, 2025, 12:16 PM