Nuveen Churchill Direct Lending Corp. sets Q2 2026 earnings date

1 min read     Updated on 16 Jul 2026, 03:21 AM
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Anirudha BScanX News Team
AI Summary

Nuveen Churchill Direct Lending Corp. announced it will report Q2 2026 financial results on August 6, 2026, before market open. A conference call will follow at 10:00 AM ET to discuss the results.

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Nuveen Churchill Direct Lending Corp. will release its financial results for the second quarter ended June 30, 2026, on August 6, 2026, before the market opens. The company will host an earnings conference call and public webcast at 10:00 AM Eastern Time the same day to discuss its performance.

Conference Call Details

Interested parties can participate in the conference call by dialing (866)-605-1826 approximately 10-15 minutes prior to the start time. International callers should dial +1 (215)-268-9877. Participants must reference Nuveen Churchill Direct Lending Corp. when prompted.

A live webcast of the call will be available on the Events section of the company's website at www.ncdl.com . A replay will be accessible on the same platform following the conclusion of the call.

Company Overview

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. The company has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.

Nuveen Churchill Direct Lending Corp. is externally managed by its investment adviser, Churchill DLC Advisor LLC, and by its sub-adviser, Churchill Asset Management LLC. Both entities are affiliates and subsidiaries of Nuveen, LLC, the investment management division of Teachers Insurance and Annuity Association of America.

What are the expected trends in the U.S. middle market lending environment for the remainder of 2026?

How might changes in interest rates impact Nuveen Churchill Direct Lending Corp.'s portfolio performance?

What strategic shifts could the company consider given the evolving regulatory landscape for BDCs?

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Nuveen Churchill closes $100m 6.650% notes due 2030

1 min read     Updated on 11 Jul 2026, 04:22 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

Nuveen Churchill Direct Lending Corp. has successfully closed its public offering of $100.0 million in 6.650% notes due 2030, securing net proceeds of roughly $99.4 million. This additional issuance brings the total outstanding principal for this series to $400.0 million, with proceeds earmarked for repaying debt under its revolving credit facility to support future investments.

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Nuveen Churchill Direct Lending Corp. 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 issuance generated net proceeds of approximately $99.4 million for the company after deducting the underwriting discount and estimated offering expenses. This closing increases the outstanding aggregate principal amount of the company's 6.650% notes due 2030 to $400.0 million.

The notes constitute a further issuance of, and have the same terms as, the $300.0 million in aggregate principal amount of the 6.650% notes due 2030 initially issued on January 22, 2025. The notes rank equally in right of payment with the existing notes and are fungible, forming a single series. SMBC Nikko Securities America, Inc. served as the sole book-running manager for this offering.

The notes will mature on March 15, 2030, and bear interest at a rate of 6.650% per year, payable semi-annually on March 15 and September 15 of each year. The company may redeem the notes in whole or in part at its option at any time prior to February 15, 2030, at par plus a "make-whole" premium plus accrued interest. Purchasers are required to pay accrued and unpaid interest from March 15, 2026, up to, but not including, the date of delivery.

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. 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.

A shelf registration statement (File No. 333-283950) relating to the notes was filed and has been declared effective by the Securities and Exchange Commission (the "SEC"). The pricing term sheet dated July 8, 2026, preliminary prospectus supplement dated July 8, 2026, and the accompanying prospectus dated June 17, 2026, have been filed with the SEC.

Details Terms
Issuer Nuveen Churchill Direct Lending Corp.
Principal Amount $100.0 million
Net Proceeds ~$99.4 million
Coupon Rate 6.650% per year
Maturity Date March 15, 2030
Total Outstanding Post-Issuance $400.0 million
Sole Book-Running Manager SMBC Nikko Securities America, Inc.

How will the shift from secured revolving debt to unsecured notes impact the company's overall cost of capital and leverage ratios?

What specific investment opportunities or strategies is the company targeting that require the immediate re-borrowing of funds from the credit facility?

Does the successful pricing of this additional issuance suggest market appetite for further capital raises by Nuveen Churchill Direct Lending Corp. in the near term?

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