Nuveen Churchill gets $150 million five-year revolver

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – Nuveen Churchill Direct Lending Corp. subsidiary Nuveen Churchill BDC SPV II, LLC entered a credit agreement with Sumitomo Mitsui Banking Corp. as administrative agent on Nov. 24 to provide for a five-year $150 million revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

Borrowings bear interest at Libor plus 250 basis points, and the borrower may draw under the facility until Nov. 21, 2023.

Proceeds may be used for general corporate purposes, including financing some real estate portfolio investments.

Nuveen Churchill is a New York-based private business development company investing primarily in senior secured loans to private equity-owned U.S. middle market companies.

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