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Nuveen Churchill Direct Lending Corp (NCDL) specializes in senior secured financing for U.S. middle market companies, offering investors exposure to floating-rate credit strategies. This page aggregates official press releases and verified news about the company’s lending activities, portfolio performance, and market positioning.
Access timely updates on NCDL’s earnings announcements, strategic partnerships, and loan portfolio developments. Investors will find essential information about the company’s risk management practices and responses to interest rate trends, while analysts can track its role in bridging financing gaps for private equity-backed businesses.
Content includes quarterly financial results, leadership updates, and analyses of NCDL’s senior loan investments. All materials are sourced directly from the company or reputable financial publications to ensure reliability.
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Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) reported third-quarter 2025 results with net investment income of $0.43 per share and a declared fourth-quarter regular distribution of $0.45 per share payable January 27, 2026 to holders of record December 31, 2025.
NAV was $17.85 per share as of September 30, 2025. Portfolio fair value was approximately $2.0 billion across 213 companies, comprised of ~89.8% first-lien debt, 8.1% subordinated debt and 2.1% equity. Weighted average yield at cost declined to 9.92% from 10.86% year-over-year.
Cash was $46.3 million, total debt $1.1 billion, available revolver capacity ~$269.5 million, and debt-to-equity ratio was 1.25x. Management fee base increased to 1.00% effective March 31, 2025 and income-based incentive fees were $3.3 million for the quarter.
Nuveen Churchill Direct Lending Corp (NYSE: NCDL) will report third-quarter 2025 financial results for the period ended September 30, 2025 on Tuesday, November 4, 2025 before the market opens. The company will host an earnings conference call and public webcast at 1:00 PM Eastern Time the same day.
Investors may join by dialing (866)-605-1826 (U.S.) or +1 (215)-268-9877 (international) about 10–15 minutes before the call and should reference Nuveen Churchill Direct Lending Corp. A live webcast and replay will be available in the Events section at www.ncdl.com.
Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) reported its Q2 2025 financial results, achieving net investment income of $0.46 per share and declaring a Q3 regular distribution of $0.45 per share. The company's NAV per share slightly decreased to $17.92 from $17.96 in the previous quarter.
The portfolio, valued at $2.0 billion, spans 207 companies across 26 industries, with 90.0% in first-lien debt. The company maintains a low non-accrual rate of 0.2% on fair value basis. NCDL completed a $100 million share repurchase program, buying back approximately 5.9 million shares at a discount to NAV. The weighted average yield of debt investments decreased to 10.08% from 11.32% year-over-year.
Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) has scheduled its second quarter 2025 earnings release and conference call. The company will release its financial results for Q2 2025 on Wednesday, August 6, 2025, before market opening.
The earnings conference call and public webcast will be held at 11:00 AM Eastern Time on the same day. Participants can join via phone by dialing (866)-605-1826 for domestic callers or +1 (215)-268-9877 for international callers. A live webcast will be available on the Events section of www.ncdl.com, where a replay will also be accessible after the call.
Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) has announced its upcoming first quarter 2025 financial results release schedule. The company will disclose its financial performance for the quarter ending March 31, 2025, on Thursday, May 8, 2025, before market opening.
NCDL will host an earnings conference call and public webcast at 11:00 AM Eastern Time on the same day. Interested participants can join via phone by dialing (866)-605-1826 for domestic calls or +1 (215)-268-9877 for international calls. A live webcast will be accessible through the Events section of NCDL's website at www.ncdl.com, where a replay will also be available after the call.
Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) reported strong Q4 2024 financial results with net investment income of $0.56 per share and a net asset value of $18.18 per share. The company declared a Q1 2025 regular distribution of $0.45 per share.
Key highlights for 2024 include:
- Portfolio value of $2.08 billion across 210 companies
- Deployed over $950 million in new investments, up 40% year-over-year
- Full-year investment income increased to $224.0 million from $161.8 million in 2023
- Portfolio composition: 90.6% first-lien debt, 7.7% subordinated debt, and 1.8% equity investments
- Weighted average yield decreased to 10.33% from 11.72% in 2023
The company maintained strong portfolio quality with only one non-accrual investment representing 0.4% of total investments at cost. NCDL's debt-to-equity ratio stood at 1.15x as of December 31, 2024.
Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) has successfully closed a public offering of $300 million in unsecured notes due 2030. The notes carry a 6.650% interest rate, payable semi-annually starting September 15, 2025, and will mature on March 15, 2030.
The offering resulted in net proceeds of approximately $296 million after deducting underwriting discount and estimated expenses. The notes can be redeemed before February 15, 2030, at par plus a make-whole premium and accrued interest.
The company plans to use the proceeds to repay its secured special purpose vehicle asset credit facility with Wells Fargo Bank, N.A., partially repay its senior secured revolving credit facility with Sumitomo Mitsui Banking , and for general corporate purposes, including potential investments aligned with the company's objectives.
Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) has announced it will release its financial results for the fourth quarter and full year 2024 on Thursday, February 27, 2025, before market opening. The company will host an earnings conference call and public webcast at 11:00 AM Eastern Time on the same day.
Interested parties can join the conference call by dialing (866)-605-1826 for domestic callers or +1 (215)-268-9877 for international callers. A live webcast will be available on the Events section of NCDL's website at www.ncdl.com, where a replay will also be accessible after the call.
Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) has priced a public offering of $300 million in 6.650% unsecured notes due 2030. The notes will mature on March 15, 2030, with interest payable semi-annually starting September 15, 2025. The offering is expected to close on January 22, 2025.
The notes can be redeemed before February 15, 2030, at par plus a make-whole premium and accrued interest. The company plans to use the proceeds to repay outstanding debt under its secured special purpose vehicle asset credit facility with Wells Fargo Bank and partially repay its senior secured revolving credit facility with Sumitomo Mitsui Banking Additional funds will support general corporate purposes and investment strategies.
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