Nuveen Churchill Direct Lending Corp.
10/09/2024 | Press release | Distributed by Public on 10/09/2024 04:02
Material Agreement Form 8 K
| Item 1.01 |
Entry into a Material Definitive Agreement.
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On October 4, 2024, Nuveen Churchill Direct Lending Corp. (the "Company"), a Maryland corporation, entered into a second amendment (the "Second Amendment") to the Senior Secured Revolving Credit Agreement, originally dated as of June 23, 2023 (as amended, the "Revolving Credit Agreement"), among the Company, as borrower, the lenders and issuing banks from time to time party thereto, Sumitomo Mitsui Banking Corporation, as administrative agent and sole bookrunner, and Sumitomo Mitsui Banking Corporation and Wells Fargo Securities, LLC as joint lead arrangers. The Second Amendment, among other things, (x) added a term loan tranche, (y) increased the total committed facility amount from $250,000,000 to $325,000,000 and (z) reduced (i) the applicable margin from 2.125% to 2.000% and (ii) the credit spread adjustment from 0.15% to 0.10% for Term SOFR borrowings with a three-month tenor and from 0.25% to 0.10% for Term SOFR borrowings with a six-month tenor. Capitalized terms used but not defined herein have the meanings ascribed thereto in the Revolving Credit Agreement.
The foregoing description of the Second Amendment is not complete and is qualified in its entirety by reference to the full text of the Second Amendment, which is attached hereto as Exhibit 10.1.