Nuveen Churchill Direct Lending Corp. Announces Closing of Public Offering of Additional $100.0 Million 6.650% Notes Due 2030

About this update from Nuveen Churchill Direct Lending Corp.

NEW YORK, July 10, 2026 --( BUSINESS WIRE )--Nuveen Churchill Direct Lending Corp. (the "Company," "we," "us," or "our") (NYSE: NCDL) today announced that it has closed an underwritten public offering of an additional $100.0 million in aggregate principal amount of its 6.650% unsecured notes due 2030 (the "Notes"), which resulted in net proceeds to the Company of approximately $99.4 million, after deducting the underwriting discount and the estimated offering expenses payable by the Company. Purchasers will be required to pay accrued and unpaid interest on the Notes from March 15, 2026 up to, but not including, the date of delivery of the Notes. The Notes constitute a further issuance of, have the same terms (except for the issue date, the offering price, and the initial interest payment date) as, rank equally in right of payment with, and are fungible and form a single series with the $300.0 million in aggregate principal amount of the 6.650% notes due 2030 that the Company initially issued on January 22, 2025. Upon the issuance of the Notes, the outstanding aggregate principal amount of the Company's 6.650% notes due 2030 is $400.0 million. The Notes will mature on March 15, 2030, and may be redeemed in whole or in part at the Company's option at any time prior to February 15, 2030, at par plus a "make-whole" premium plus accrued interest. The Notes bear interest at a rate of 6.650% per year payable semi-annually on March 15 and September 15 of each year. SMBC Nikko Securities America, Inc. served as the sole book-running manager for this offering. The Company intends to use the net proceeds from this offering to repay a portion of the outstanding indebtedness under its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation (the "Revolving Credit Facility"). However, through re-borrowings under the Revolving Credit Facility, the Company intends to make investments in accordance with its investment objective and strategies, and for other general corporate purposes. Investors are advised to consider carefully the investment objective, risks and charges and expenses of the Company before investing. The pricing term sheet dated July 8, 2026, preliminary prospectus supplement dated July 8, 2026, and the accompanying prospectus dated June 17, 2026, each of which has been filed with the Securities and Exchange Commission (the "SEC"), contain a description of these matters and other important information about the Company and should be read carefully before investing.

View stock analysis, news, and events for Nuveen Churchill Direct Lending Corp.