Nuveen Churchill Direct Lending Corp. (NCDL) Nuveen Churchill Direct Lending Corp. (NCDL), initially formed as a Delaware limited liability company on March 13, 2018, and subsequently restructured into a Maryland corporation on June 18, 2019, prior to commencing its business activities, operates as a closed-end, externally managed, non-diversified investment company. It has chosen to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940, as amended. The firm's principal investment goal is to generate appealing risk-adjusted returns, primarily through current income. This is achieved by predominantly investing in senior secured loans provided to private equity-backed U.S. middle market companies, which NCDL identifies as enterprises with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) generally ranging from $10.0 million to $100.0 million. Its portfolio will largely comprise what it refers to as "Senior Loans," primarily consisting of privately originated first-lien senior secured debt and unitranche loans (excluding "last-out" positions) to these performing U.S. middle market businesses. Additionally, the company selectively pursues "Junior Capital Investments," which include instruments such as second-lien loans, subordinated debt, last-out unitranche loan positions, and various equity-related securities.
Industry: Asset Management
Nuveen Churchill Direct Lending Corp. NYSE:NCDL Financial Services · Asset Management
Mkt Cap $521.03M
Div Yield 15.26%
AH Close $10.55 +0.00% vs close
AH Close $10.55 +0.00% vs close
Mkt Cap $521.03M
Div Yield 15.26%
All Press Release SEC Filings News
Press Release
Nuveen Churchill Direct Lending Corp. Schedules Third Quarter 2026 Earnings Release and Conference Call
Nuveen Churchill Direct Lending Corp. will report Q3 2026 results (quarter ended September 30, 2026) before market open on Tuesday, November 3, 2026.
A conference call and webcast will follow at 10:00 AM ET the same day, with a replay available on the company website.
This is a scheduling notice only and contains no financial results or guidance.
• 10d ago AI analysis › Press Release ⚠ 3
Nuveen Churchill Direct Lending Corp. Announces Second Quarter 2026 Results
Nuveen Churchill Direct Lending Corp. reported Q2 net investment income of $0.41 per share, exceeding its regular quarterly distribution, while net asset value per share declined to $17.19 from $17.50.
Investment income fell to $44.3 million from $53.1 million in the prior-year quarter, and the portfolio's weighted average yield decreased to 9.3% from 10.1%.
Recent strategic actions included the full redemption of CLO-III, the formation of a joint venture, and the issuance of $100 million in unsecured notes to optimize the capital structure.
• 2mo ago AI analysis › SEC Filing
NCDL: 10-Q · periodic report
Nuveen Churchill Direct Lending Corp. reported a net increase in net assets of $12.3 million for the six months ended June 30, 2026, driven by net investment income of $40.3 million. This represents a 60.5% decrease from the same period in the prior year. The company declared distributions of $38.5 million during the six-month period. As of June 30, 2026, the company's net asset value per share was $17.19, down from $17.72 at the end of 2025.
SEC 10-Q • 2mo ago AI analysis › Press Release
Nuveen Churchill Direct Lending Corp. Schedules Second Quarter 2026 Earnings Release and Conference Call
Nuveen Churchill Direct Lending Corp. announced it will report its second quarter 2026 financial results on Thursday, August 6, before the market opens.
The company will host a conference call and webcast at 10:00 AM Eastern Time on the same day to discuss the results.
Participants can join via dial-in or webcast on the company's website, with a replay available following the call.
• 3mo ago AI analysis › Press Release
Nuveen Churchill Direct Lending Corp. Announces Closing of Public Offering of Additional $100.0 Million 6.650% Notes Due 2030
Nuveen Churchill Direct Lending Corp. closed an underwritten public offering of $100 million in aggregate principal amount of its 6.650% unsecured notes due 2030.
The additional notes are fungible with the existing $300 million series issued in January 2025, bringing the total outstanding principal to $400 million.
Net proceeds of approximately $99.4 million will be used to repay a portion of the company's senior secured revolving credit facility, with re-borrowings intended for future investments.
• 3mo ago AI analysis › Press Release
Nuveen Churchill Direct Lending Corp. Prices Public Offering of Additional $100.0 Million 6.650% Notes Due 2030
Nuveen Churchill Direct Lending Corp. priced an additional $100.0 million in aggregate principal amount of its 6.650% unsecured notes due 2030, increasing the total outstanding for this series to $400.0 million.
The Notes are being issued at a price of 100.123% of principal, and the company intends to use the net proceeds to repay a portion of the outstanding indebtedness under its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation.
The company plans to re-borrow under the credit facility to make investments and for general corporate purposes; the offering is expected to close on July 10, 2026.
• 3mo ago AI analysis › SEC Filing
NCDL: 8-K · proxy statement
Nuveen Churchill Direct Lending Corp. reported the results of its 2026 annual meeting of shareholders held on May 21, 2026. The meeting had a quorum of 25,732,027 shares out of 49,387,065 shares outstanding.
Shareholders elected Kenneth Kencel and Stephen Potter as Class III directors serving until the 2029 annual meeting. Kenneth Kencel received 25,473,474 votes for and 258,553 votes withheld. Stephen Potter received 23,945,683 votes for and 1,786,344 votes withheld.
The voting results indicate routine board re-elections with no contested proposals or significant dissent, reflecting standard governance procedures for the business development company.
SEC 8-K • 4mo ago 
