Nuveen Churchill Direct Lending Corp.

Nuveen Churchill completed an increase of its 6.65% unsecured notes due March 15, 2030, with a principal amount of $100 million and raised approximately $99.4 million net of fees. The new securities have the same terms as the existing 2030 notes, bringing the total outstanding principal of that tranche to $400 million. Interest is payable semiannually on March 15 and September 15; the company may redeem the notes early at par with make-whole compensation before February 15, 2030. Nuveen Churchill intends to use the net proceeds to partially repay a revolving credit facility and for investments in line with its investment objectives and for general corporate purposes. » More on de.investing.com

Nuveen Churchill Direct Lending has issued a publicly placed unsecured bond of USD 100m with a 6.65% coupon, maturing 15 March 2030. The issue price is 100.123% and buyers pay accrued interest since 15 March 2026. The offering extends an existing 6.65% 2030 bond and increases its outstanding nominal amount to USD 400m. Net proceeds will be used partly to repay a revolving credit facility; SMBC Nikko acted as sole bookrunner. » More on de.investing.com

Nuveen Churchill Direct Lending (NCDL) yields 11.8% and trades about 26% below net asset value after recent share-price weakness. The BDC focuses on floating-rate first-lien loans to U.S. middle-market companies across diversified sectors and shows low non-accruals (1.3% at cost). Management has cut supplemental and base dividends multiple times, leaving a smaller distribution that may reward patient investors if credit trends remain stable. » More on investing.com