In a recent transaction, Shaul Vichness, Chief Financial Officer and Treasurer of Nuveen Churchill Direct Lending Corp. (NASDAQ:NCDL), purchased 5,000 shares of the company’s common stock. The shares were acquired at a price of $17.27 each, totaling $86,350. Following this acquisition, Vichness holds 13,675 shares directly and indirectly. This move reflects a significant investment by the executive in the company, which specializes in direct lending. According to InvestingPro, the stock generally trades with low price volatility, currently sitting near its 52-week high of $18.10. Subscribers can access additional ProTips and comprehensive insider trading analysis on the platform.
In other recent news, Nuveen Churchill Direct Lending Corp. has expanded its credit facility with Wells Fargo (NYSE:WFC) Bank, National Association, from $150 million to $225 million. This increase, detailed in a recent SEC filing, signifies a rise in the company's ability to provide direct loans. The amended loan and security agreement, also known as the Wells Fargo Financing Facility, involves multiple lenders and issuing banks, including Nuveen Churchill as an equity investor.
This strategic move allows Nuveen Churchill to potentially enhance its investment activities and direct loan portfolio. The specific terms of the Fifth Amendment to the loan and security agreement are outlined in the exhibit attached to the SEC filing, providing a more detailed account of the financial arrangement. Notably, these recent developments indicate an increase in available capital for further lending opportunities.
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