Nuveen Churchill Direct Lending Corp.

Nuveen Churchill Direct Lending Corp. announced its second quarter 2026 financial results, reporting Net Investment Income of $0.41 per share and declaring a third-quarter distribution of $0.38 per share. The company's Net Asset Value per share decreased to $17.19, and non-accrual investments increased. Strategically, Nuveen Churchill redeemed CLO-III, formed a new joint venture, and issued additional 2030 Notes to optimize its balance sheet.

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.

Nuveen Churchill Direct Lending Corp. reported Q1 2026 net investment income of $0.41 per share and declared a second-quarter distribution of $0.38 per share, comprising a $0.36 regular and $0.02 supplemental distribution. The company's net asset value per share decreased to $17.50 from $17.72 at year-end 2025, primarily due to net realized and unrealized losses. Management highlighted the strength of the investment portfolio and attractive opportunities for capital deployment despite market volatility.