Statistics
The Nuveen Churchill Direct Lending Corp. stock price is currently $ 11.79 with a total market cap valuation of $ 578.99M (49.11M shares outstanding). The Nuveen Churchill Direct Lending Corp. is trading on NYSE under the ticker sign NCDL. Nuveen Churchill Direct Lending Corp. price is up
Description
Nuveen Churchill Direct Lending Corp. (NCDL), initially formed as a Delaware limited liability company on March 13, 2018, and subsequently restructured into a Maryland corporation on June 18, 2019, prior to commencing its business activities, operates as a closed-end, externally managed, non-diversified investment company. It has chosen to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940, as amended. The firm's principal investment goal is to generate appealing risk-adjusted returns, primarily through current income. This is achieved by predominantly investing in senior secured loans provided to private equity-backed U.S. middle market companies, which NCDL identifies as enterprises with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) generally ranging from $10.0 million to $100.0 million. Its portfolio will largely comprise what it refers to as "Senior Loans," primarily consisting of privately originated first-lien senior secured debt and unitranche loans (excluding "last-out" positions) to these performing U.S. middle market businesses. Additionally, the company selectively pursues "Junior Capital Investments," which include instruments such as second-lien loans, subordinated debt, last-out unitranche loan positions, and various equity-related securities.
Company Profile
- Full Name: Nuveen Churchill Direct Lending Corp.
- Sector: Financial Services
- Website: https://www.churchillam.com/nuveen-churchill-direct-lending-corp
