Nuveen Churchill Direct Lending Corp Stock Price, News & Analysis

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.

Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) reported strong Q3 2024 results with net investment income of $0.58 per share and a net asset value of $18.15 per share. The company's portfolio fair value reached $2.05 billion across 202 portfolio companies, consisting of 90.1% first-lien loans. NCDL declared a Q4 regular distribution of $0.45 per share and maintained its special distribution of $0.10 per share, representing a 12.1% total annualized yield. The weighted average yield of debt investments decreased to 10.9%, and the company maintained a strong balance sheet with $69.4 million in cash and $1.1 billion in debt, with a debt-to-equity ratio of 1.11x.

Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) has announced its schedule for reporting third quarter 2024 financial results. The company will release its earnings report on Thursday, November 7, 2024, before the market opens. Following the release, NCDL will host an earnings conference call and public webcast at 11:00 AM Eastern Time on the same day to discuss the financial results.

Interested parties can participate in the conference call by dialing (866)-605-1826 for domestic callers or +1 (215)-268-9877 for international callers, approximately 10-15 minutes before the call. Participants should reference Nuveen Churchill Direct Lending Corp. when prompted. A live webcast of the conference call will also be available on the Events section of the company's website at www.ncdl.com. A replay of the call will be accessible on the company's website following the conclusion of the conference call.

Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) reported its Q2 2024 results, highlighting net investment income of $0.57 per share and declaring a Q3 regular distribution of $0.45 per share. The company's NAV per share decreased to $18.03 from $18.21 in Q1 2024. NCDL's portfolio fair value grew to $2.0 billion across 198 companies, with a focus on first-lien term loans (90.6%). The company maintained a 12.3% annualized dividend yield based on Q2 NAV. Investment income increased to $55.1 million, while net expenses rose to $24.1 million. The company's debt-to-equity ratio increased to 1.04x, with $290.0 million available for additional borrowings.

Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) has announced its schedule for the second quarter 2024 earnings release and conference call. The company will report its financial results for the quarter ended June 30, 2024, on Wednesday, August 7, 2024, before the market opens. NCDL will host an earnings conference call and public webcast at 11:00 AM Eastern Time on the same day to discuss the financial results.

Interested parties can participate in the conference call by dialing (866)-605-1826 for domestic callers or +1 (215)-268-9877 for international callers. Participants should 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 of the call will also be made available on the website following the conclusion of the conference call.