Loan & DebtJul 10, 2026, 04:38 PM
Nuveen Churchill Direct Lending Issues $100M Additional Notes
AI Summary
Nuveen Churchill Direct Lending Corp. entered into an underwriting agreement to issue an additional $100.0 million in 6.650% Notes due 2030. These additional notes are fungible with the existing 2030 Notes, bringing the total outstanding principal amount to $400.0 million. The company intends to use the net proceeds to repay a portion of its outstanding indebtedness under its senior secured revolving credit facility, with plans to re-borrow for investments and general corporate purposes.
Key Highlights
- Issued an additional $100.0 million in 6.650% Notes due 2030.
- Total outstanding 2030 Notes now aggregate $400.0 million.
- Notes bear interest at 6.650% per year, payable semi-annually.
- Interest for additional notes commences September 15, 2026.
- Notes mature on March 15, 2030.
- Net proceeds will repay outstanding indebtedness under a senior secured revolving credit facility.
Price Impact
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