Welcome to our dedicated page for Nuveen Churchill Direct Lending SEC filings (Ticker: NCDL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) SEC filings, offering detailed insight into the company’s operations as a specialty finance business and business development company. NCDL focuses primarily on investing in senior secured loans to private equity-owned U.S. middle market companies and reports extensively on these activities in its regulatory documents.
Through its annual reports on Form 10-K and quarterly reports on Form 10-Q, NCDL discloses investment income, expenses, net investment income, and realized and unrealized gains and losses on its portfolio of non-controlled, non-affiliated company investments. These filings also describe the composition of the portfolio by first-lien debt, subordinated debt, and equity investments, as well as internal risk ratings, non-accrual positions, and net asset value per share.
Current reports on Form 8-K, such as those furnished in connection with quarterly earnings releases, provide timely updates on results of operations and financial condition. They often include attached press releases and earnings presentations as exhibits, giving additional context on portfolio performance, leverage, liquidity, and distribution declarations.
Investors can also use NCDL’s SEC filings to track information about its capital structure, including secured borrowings, unsecured notes offerings, revolving credit facilities, and debt-to-equity metrics. Disclosures about advisory arrangements, management fees, and incentive fee waivers are set out in the notes to the financial statements and related sections of these reports.
On Stock Titan, NCDL’s filings are paired with AI-powered summaries that highlight key points from lengthy documents, helping readers quickly understand the main drivers of performance, changes in portfolio composition, and important risk disclosures without having to parse every line of the original filings.
Nuveen Churchill Direct Lending Corp. reported second‑quarter 2026 net investment income of $20.2 million, or $0.41 per share, on investment income of $44.3 million versus $53.1 million a year earlier. After $11.3 million of realized losses and $5.4 million of net unrealized losses, the net increase in net assets from operations was $3.6 million, or $0.07 per share. Net asset value per share was $17.19, down from $17.50 at March 31, 2026.
The board declared a third‑quarter 2026 distribution of $0.38 per share (regular $0.36 plus $0.02 supplemental), matching the total paid for the second quarter on July 28, 2026. The investment portfolio totaled $1.9 billion at fair value across 244 companies and was 89.6% first‑lien debt, 7.3% subordinated debt and 3.1% equity. Investments in nine portfolio companies were on non‑accrual status, representing 1.5% of total investments at fair value.
As of June 30, 2026, the company held $45.8 million in cash and cash equivalents, $1.1 billion of debt and $849.0 million of net assets, for a debt‑to‑equity ratio of 1.29x (1.23x net). Subsequent actions included redeeming a $297.9 million CLO at par with $302.5 million of proceeds, forming a joint venture with an institutional investor, and issuing an additional $100 million of 2030 Notes alongside a $100 million interest‑rate swap.
Nuveen Churchill Direct Lending Corp. issued an additional $100.0 million in aggregate principal amount of its 6.650% Notes due 2030, under an underwriting agreement with SMBC Nikko Securities America, Inc.
These additional notes form a single series with the existing $300.0 million of 6.650% Notes due 2030, bringing total 2030 Notes outstanding to $400.0 million. The notes pay interest semi-annually and mature on March 15, 2030, with an issuer call option before February 15, 2030 at par plus a make-whole premium.
The company intends to use net proceeds to repay a portion of its senior secured revolving credit facility with Sumitomo Mitsui Banking Corporation, with the ability to re-borrow under that facility for investments and general corporate purposes. The notes are direct unsecured obligations and rank pari passu with other unsubordinated unsecured debt and are effectively and structurally subordinated as described in the Indenture.
Nuveen Churchill Direct Lending Corp. is offering $100,000,000 aggregate principal amount of additional 6.650% Notes due March 15, 2030, as a further issuance that will form a single series with the $300,000,000 Existing Notes, bringing the outstanding principal to $400,000,000. The Notes bear interest at 6.650% payable semi-annually on March 15 and September 15 and are unsecured obligations ranking pari passu with our other senior unsecured indebtedness. Net proceeds are intended to repay amounts outstanding under the Company’s Revolving Credit Facility.
Nuveen Churchill Direct Lending Corp. intends to offer an additional issuance of its 6.650% Notes due March 15, 2030, which will form a single series and be fungible with the $300,000,000 principal amount of 6.650% notes issued on January 22, 2025. The prospectus supplement states the proceeds are intended to be used to repay amounts outstanding under the Revolving Credit Facility, with subsequent re-borrowings available to support new investments in accordance with the company’s investment strategy.
Nuveen Churchill Direct Lending Corp. vice president and secretary John McCally bought 7,500 shares of common stock in an open-market purchase at $13.27 per share. After this transaction, he directly holds 15,245 shares, including 315 shares acquired through the company’s Dividend Reinvestment Plan.
Nuveen Churchill Direct Lending Corp. filed a post-effective amendment to a shelf registration to permit, from time to time after effectiveness, offerings of up to $1,000,000,000 of common stock, preferred stock, subscription rights, warrants or debt securities. The prospectus states offerings will be made in one or more supplements and may include sales to existing shareholders in a rights offering.
The company is an externally managed BDC and intends to qualify as a RIC. Its common stock trades on the NYSE under the symbol NCDL; the last reported sale on June 8, 2026 was $12.60 per share, which the prospectus reports as a 28.00% discount to NAV per share as of March 31, 2026. The shelf prospectus is subject to completion and final prospectus supplements will detail offering terms.
Nuveen Churchill Direct Lending Corp. reported the results of its 2026 virtual annual meeting of shareholders. Shareholders of record as of March 31, 2026 could vote, with 49,387,065 shares of common stock outstanding and entitled to vote.
A quorum of 25,732,027 shares was present or represented by proxy, allowing business to be conducted. Shareholders elected Class III directors to serve until the 2029 annual meeting. Kenneth Kencel received 25,473,474 votes for and 258,553 votes withheld, while Stephen Potter received 23,945,683 votes for and 1,786,344 votes withheld.
Nuveen Churchill Direct Lending Corp. insider activity: Chief Financial Officer and Treasurer Shaul Vichness reported an open-market purchase of 5,000 shares of common stock at $13.20 per share on May 14, 2026, held indirectly by a trust, bringing the trust’s holdings to 30,705.259 shares.
The filing also reports 385.770 shares held directly as an “other” transaction on April 27, 2026, tied to the company’s Dividend Reinvestment Plan at $14.18 per share, resulting in 14,060.770 shares held directly. Footnotes note additional DRIP acquisitions of 385.777 direct shares and 705.259 indirect trust shares on the same date.