On April 9, 2024, Nuveen Churchill Direct Lending Corp., a Maryland corporation, entered into Amendment No. 1 (“Amendment No. 1”) to the Senior Secured Revolving Credit Agreement, dated as of June 23, 2023 (as amended by the First Amendment, the “Revolving Credit Agreement” and facility thereunder, the “Revolving Credit Facility”), by and among the Company, as borrower, NCDL Equity Holdings LLC, as subsidiary guarantor, the lenders and issuing banks party thereto, Sumitomo Mitsui Banking Corporation, as administrative agent for the lenders. Amendment No. 1, among other things: (a) increased the maximum principal amount available under the Revolving Credit Facility from $185,000,000 to $250,000,000 pursuant to the accordian feature; and (b) replaced the interest rate benchmark for Borrowings denominated in Canadian Dollars from CDOR to CORRA, which includes a credit spread adjustment of 0.29547% for one month tenor Borrowings and 0.32138% for three month tenor Borrowings. Capitalized terms used but not defined herein have the meanings ascribed thereto in the Revolving Credit Facility.
As of 2024-04-15, the Fund’s leverage was 54.5% and Debt Focused BDC Group leverage was 51.3%.