Nuveen Churchill Direct Lending Corp. 8K

Nuveen Churchill Direct Lending Corp. furnished its Q2 2026 earnings presentation on Form 8‑K, detailing stable net investment income but lower NAV, continued portfolio credit diversification, and significant post‑quarter financing actions including a CLO redemption, a new joint venture loan sale, and additional 2030 note issuance to TIAA.

Nuveen Churchill Direct Lending Corp. filed a Form 8‑K to furnish its second quarter 2026 earnings presentation, reporting net investment income of $0.41 per share and net income of $0.07 per share, a decline in net asset value per share to $17.19, and an annualized ROE on net investment income of 9.6%, along with an unchanged regular quarterly distribution of $0.36 per share plus a $0.02 supplemental distribution. The company highlighted a $1.9 billion, largely first‑lien, floating‑rate middle‑market loan portfolio with 244 portfolio companies and 1.5% of the portfolio on non‑accrual at fair value, modestly elevated watch‑list and non‑accrual exposure, and a debt‑to‑equity ratio of 1.29x. Subsequent to quarter‑end, NCDL declared its third quarter 2026 distribution at the same $0.36 regular and $0.02 supplemental levels, redeemed its CLO‑III securitization in full at par, formed an unconsolidated joint venture with an unaffiliated institutional investor that acquired $148.9 million of first‑lien loans from the company, and issued an additional $100 million of its 2030 unsecured notes, all of which were purchased by its parent TIAA, resulting in unsecured notes representing 41% of outstanding debt and a pro forma weighted average cost of debt of approximately SOFR plus 1.88%.

Filing Facts

CIK

1737924

Ticker

-

Form

8K

Source Type

sec

Accession

0001737924-26-000086

Alert Tier

6