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(Delayed Draw)2023-06-300001737924Precision Surfacing2023-06-300001737924PT Intermediate Holdings III, LLC2023-06-300001737924PT Intermediate Holdings III, LLC (Incremental)2023-06-300001737924Repipe Specialists2023-06-300001737924Repipe Specialists (Delayed Draw)2023-06-300001737924RTH Buyer LLC (dba "Rhino Tool House)2023-06-300001737924RTH Buyer LLC (dba "Rhino Tool House) (Delayed Draw)2023-06-300001737924us-gaap:DebtSecuritiesMemberncdlc:CapitalEquipmentMember2023-06-300001737924Ascensus2023-06-300001737924Ascensus Specialties2023-06-300001737924Boulder Scientific Company LLC2023-06-300001737924Chroma Color Corporation (dba "Chroma Color")2023-06-300001737924Chroma Color Corporation (dba "Chroma Color") (Delayed Draw)2023-06-300001737924Spartech2023-06-300001737924ncdlc:ChemicalsPlasticsRubberMemberus-gaap:DebtSecuritiesMember2023-06-300001737924Erie Construction 12023-06-300001737924Gannett Fleming 12023-06-300001737924MEI Rigging & Crating2023-06-300001737924MEI Rigging & 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12023-06-300001737924ncdlc:ConsumerGoodsNonDurableMemberus-gaap:DebtSecuritiesMember2023-06-300001737924B2B Packaging2023-06-300001737924B2B Packaging (Delayed Draw) 22023-06-300001737924Five Star Packing2023-06-300001737924Good2Grow2023-06-300001737924Oliver Packaging 12023-06-300001737924Specialized Packaging Group2023-06-300001737924Specialized Packaging Group 12023-06-300001737924Specialized Packaging Group (Incremental)2023-06-300001737924us-gaap:DebtSecuritiesMemberncdlc:ContainersPackagingAndGlassMember2023-06-300001737924Impact Parent Corporation (d/b/a Impact Environmental Group) 2023-06-300001737924Impact Parent Corporation (d/b/a Impact Environmental Group) (Delayed Draw)2023-06-300001737924Nutrition 101 Buyer LLC (a/k/a 101, Inc.)2023-06-300001737924The Facilities Group2023-06-300001737924The Facilities Group (Delayed Draw)2023-06-300001737924ncdlc:EnvironmentalIndustriesMemberus-gaap:DebtSecuritiesMember2023-06-300001737924Affinity Hospice2023-06-300001737924Affinity Hospice (Delayed Draw)2023-06-300001737924Anne Arundel 12023-06-300001737924Anne Arundel 22023-06-300001737924Anne Arundel (Delayed Draw)2023-06-300001737924Forefront Dermatology2023-06-300001737924Forefront Dermatology (Delayed Draw)2023-06-300001737924Genesee Scientific2023-06-300001737924Genesee Scientific (Delayed Draw)2023-06-300001737924GHR Healthcare2023-06-300001737924GHR Healthcare (Delayed Draw)2023-06-300001737924GHR Healthcare (Incremental)2023-06-300001737924Health Management Associates 2023-06-300001737924Health Management Associates (Delayed Draw) 2023-06-300001737924Heartland Veterinary Partners LLC (Incremental)2023-06-300001737924Heartland Veterinary Partners LLC (Incremental) (Delayed Draw)2023-06-300001737924InfuCare RX2023-06-300001737924MDC Intermediate Holdings II, LLC2023-06-300001737924MDC Intermediate Holdings II, LLC (Delayed Draw) 12023-06-300001737924Midwest Eye Consultants2023-06-300001737924PromptCare2023-06-300001737924PromptCare (Delayed Draw)2023-06-300001737924Quorum Health Resources, LLC2023-06-300001737924Quorum Health Resources, LLC (Delayed Draw) (Incremental)2023-06-300001737924Quorum Health Resources, LLC (Incremental)2023-06-300001737924Sandlot Buyer, LLC (Prime Time Healthcare)2023-06-300001737924SCP Eye Care Holdco, LLC (DBA EyeSouth Partners)2023-06-300001737924SCP Eye Care Holdco, LLC (DBA EyeSouth Partners) (Delayed Draw)2023-06-300001737924SM Wellness Holdings, Inc2023-06-300001737924US Fertility2023-06-300001737924Wellspring Pharmaceutical2023-06-300001737924Wellspring Pharmaceutical (Delayed Draw)2023-06-300001737924Wellspring Pharmaceutical (Delayed Draw) (Incremental)2023-06-300001737924Wellspring Pharmaceutical (Incremental)2023-06-300001737924ncdlc:HealthcareAndPharmaceuticalsMemberus-gaap:DebtSecuritiesMember2023-06-300001737924Acclaim MidCo, LLC (dba ClaimLogiQ)2023-06-300001737924Acclaim MidCo, LLC (dba ClaimLogiQ) (Delayed Draw)2023-06-300001737924Argano, LLC2023-06-300001737924Argano, LLC (Delayed Draw)2023-06-300001737924Argano, LLC (Delayed Draw) (Incremental)2023-06-300001737924Diligent Corporation 12023-06-300001737924Diligent Corporation 22023-06-300001737924Diligent Corporation 32023-06-300001737924Diligent Corporation (Delayed Draw) 12023-06-300001737924Diligent Corporation (Delayed Draw) 22023-06-300001737924Eliassen Group LLC2023-06-300001737924Eliassen Group LLC (Delayed Draw)2023-06-300001737924Exterro2023-06-300001737924Fineline Merger2023-06-300001737924Go Engineer2023-06-300001737924Go Engineer (Delayed Draw)2023-06-300001737924Infinite Bidco LLC (Infinite Electronics) (Incremental)2023-06-300001737924Infobase Acquisition, Inc.2023-06-300001737924Infobase Acquisition, Inc. (Delayed Draw)2023-06-300001737924ITSavvy LLC 12023-06-300001737924ITSavvy LLC (Delayed Draw)2023-06-300001737924North Haven CS Acquisition Inc2023-06-300001737924Northern Star Industries Inc2023-06-300001737924Prosci, Inc.2023-06-300001737924Revalize (Delayed Draw) 12023-06-300001737924Revalize (Delayed Draw) 22023-06-300001737924Revalize (Delayed Draw) 32023-06-300001737924SmartWave2023-06-300001737924Solve Industrial Motion Group 12023-06-300001737924Solve Industrial Motion Group 22023-06-300001737924Solve Industrial Motion Group (Delayed Draw)2023-06-300001737924us-gaap:DebtSecuritiesMemberncdlc:HighTechIndustriesMember2023-06-300001737924Tinuiti2023-06-300001737924Tinuiti (Delayed Draw)2023-06-300001737924Tinuiti (Delayed Draw) (Incremental)2023-06-300001737924Wpromote2023-06-300001737924Wpromote (Delayed Draw)2023-06-300001737924ncdlc:MediaAdvertisingPrintingPublishingMemberus-gaap:DebtSecuritiesMember2023-06-300001737924Corporate Visions 12023-06-300001737924Corporate Visions 22023-06-300001737924Spectrio II2023-06-300001737924Spectrio II (Delayed Draw) 12023-06-300001737924Spectrio II (Delayed Draw) 22023-06-300001737924us-gaap:DebtSecuritiesMemberncdlc:MediaDiversifiedProductionMember2023-06-300001737924Syndigo2023-06-300001737924us-gaap:DebtSecuritiesMemberus-gaap:RetailSectorMember2023-06-300001737924ALKU Intermediate Holdings, LLC2023-06-300001737924Apex Companies Holdings, LLC2023-06-300001737924Apex Companies Holdings, LLC (Delayed Draw)2023-06-300001737924Big Truck Rental 12023-06-300001737924Big Truck Rental 22023-06-300001737924Bounteous 12023-06-300001737924Bounteous 22023-06-300001737924Bounteous (Delayed Draw) 12023-06-300001737924Bounteous (Delayed Draw) 22023-06-300001737924BroadcastMed Holdco, LLC 12023-06-300001737924Bullhorn Inc2023-06-300001737924BusinesSolver2023-06-300001737924BusinesSolver (Delayed Draw)2023-06-300001737924Career Now 12023-06-300001737924Cornerstone Advisors of Arizona LLC 12023-06-300001737924Cornerstone Advisors of Arizona LLC 22023-06-300001737924Cornerstone Advisors of Arizona LLC (Delayed Draw)2023-06-300001737924CrossCountry Consulting2023-06-300001737924CrossCountry Consulting (Delayed Draw)2023-06-300001737924D&H United Fueling Solutions2023-06-300001737924D&H United Fueling Solutions (Delayed Draw)2023-06-300001737924D&H United Fueling Solutions (Delayed Draw) (Incremental)2023-06-300001737924D&H United Fueling Solutions (Incremental)2023-06-300001737924E78 12023-06-300001737924E78 (Incremental)2023-06-300001737924E78 (Delayed Draw) 12023-06-300001737924E78 (Delayed Draw) 22023-06-300001737924Evergreen Services Group2023-06-300001737924Evergreen Services Group (Delayed Draw)2023-06-300001737924Gabriel Partners LLC2023-06-300001737924Gabriel Partners LLC (Delayed Draw)2023-06-300001737924Gabriel Partners LLC (Incremental)2023-06-300001737924Lion Merger Sub Inc2023-06-300001737924Lion Merger Sub Inc (Incremental)2023-06-300001737924LSCS Holdings Inc.2023-06-300001737924LYNX FRANCHISING, LLC2023-06-300001737924Output Services Group, Inc.2023-06-300001737924Phaidon International2023-06-300001737924Plaze2023-06-300001737924RoadOne (Delayed Draw)2023-06-300001737924RoadOne 22023-06-300001737924Scaled Agile2023-06-300001737924Scaled Agile (Delayed Draw)2023-06-300001737924Smile Brands2023-06-300001737924Soliant Health2023-06-300001737924Technical Safety Services2023-06-300001737924Technical Safety Services (Delayed Draw)2023-06-300001737924TouchTunes Interactive2023-06-300001737924Transit Buyer LLC (dba“Propark”)2023-06-300001737924Transit Buyer LLC (dba“Propark”) (Delayed Draw)2023-06-300001737924Trilon Group, LLC 12023-06-300001737924Trilon Group, LLC 22023-06-300001737924Trilon Group, LLC (Delayed Draw) 12023-06-300001737924Trilon Group, LLC (Delayed Draw) 22023-06-300001737924Vital Records Control 12023-06-300001737924Vital Records Control 22023-06-300001737924Vital Records Control (Delayed Draw)2023-06-300001737924Worldwide Clinical Trials Holdings Inc2023-06-300001737924Worldwide Clinical Trials Holdings Inc (Incremental)2023-06-300001737924us-gaap:DebtSecuritiesMemberncdlc:ServicesBusinessMember2023-06-300001737924ADPD Holdings, LLC (a/k/a NearU) 12023-06-300001737924ADPD Holdings, LLC (a/k/a NearU) (Delayed Draw) 12023-06-300001737924ADPD Holdings, LLC (a/k/a NearU) (Delayed Draw) 22023-06-300001737924All My Sons2023-06-300001737924Allstar Holdings2023-06-300001737924Allstar Holdings (Delayed Draw)2023-06-300001737924Apex Services Partners, LLC (Delayed Draw) (Incremental)2023-06-300001737924Apex Services Partners, LLC (Incremental)2023-06-300001737924Excel Fitness2023-06-300001737924Fairway Lawns 12023-06-300001737924Fairway Lawns (Delayed Draw)2023-06-300001737924Legacy Service Partners, LLC (“LSP”)2023-06-300001737924Legacy Service Partners, LLC (“LSP”) (Delayed Draw)2023-06-300001737924Liberty Buyer2023-06-300001737924Liberty Buyer (Delayed Draw)2023-06-300001737924NJEye LLC2023-06-300001737924NJEye LLC (Delayed Draw) 12023-06-300001737924NJEye LLC (Delayed Draw) 22023-06-300001737924NJEye LLC (Delayed Draw) 32023-06-300001737924North Haven Spartan US Holdco LLC2023-06-300001737924North Haven Spartan US Holdco LLC (Delayed Draw)2023-06-300001737924One World Fitness PFF LLC2023-06-300001737924us-gaap:DebtSecuritiesMemberus-gaap:ConsumerSectorMember2023-06-300001737924LMI Consulting, LLC (LMI)2023-06-300001737924LMI Consulting, LLC (LMI) (Incremental)2023-06-300001737924ncdlc:SovereignAndPublicFinanceMemberus-gaap:DebtSecuritiesMember2023-06-300001737924BCM One2023-06-300001737924BCM One (Delayed Draw)2023-06-300001737924Corbett Technology Solutions, Inc. ("CTSI")2023-06-300001737924Corbett Technology Solutions, Inc. ("CTSI") (Delayed Draw)2023-06-300001737924Mobile Communications America, Inc. 12023-06-300001737924Mobile Communications America, Inc. 22023-06-300001737924Mobile Communications America, Inc. (Incremental)2023-06-300001737924Momentum Telecom II2023-06-300001737924Sapphire Telecom Inc2023-06-300001737924Tyto Athene, LLC2023-06-300001737924us-gaap:DebtSecuritiesMemberncdlc:TelecommunicationsMember2023-06-300001737924FSK Pallet Holding Corp. (DBA Kamps Pallets)2023-06-300001737924Kenco Group, Inc.2023-06-300001737924Kenco Group, Inc. (Delayed Draw)2023-06-300001737924Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 12023-06-300001737924Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 22023-06-300001737924Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 32023-06-300001737924Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 42023-06-300001737924Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 52023-06-300001737924SEKO Global Logistics 12023-06-300001737924SEKO Global Logistics 22023-06-300001737924SEKO Global Logistics 32023-06-300001737924SEKO Global Logistics (Delayed Draw) (Incremental)2023-06-300001737924SEKO Global Logistics (Incremental)2023-06-300001737924TI ACQUISITION NC LLC2023-06-300001737924ncdlc:TransportationCargoMemberus-gaap:DebtSecuritiesMember2023-06-300001737924Pinnacle Supply Partners, LLC2023-06-300001737924Pinnacle Supply Partners, LLC (Delayed Draw)2023-06-300001737924TPC Wire & Cable2023-06-300001737924TPC Wire & Cable (Delayed Draw)2023-06-300001737924ncdlc:UtilitiesElectricMemberus-gaap:DebtSecuritiesMember2023-06-300001737924INS Intermediate II, LLC (Ergotech Controls, Inc. – d/b/a INS)2023-06-300001737924INS Intermediate II, LLC (Ergotech Controls, Inc. – d/b/a INS) (Delayed Draw)2023-06-300001737924ISG Merger Sub, LLC (dba Industrial Service Group)2023-06-300001737924ISG Merger Sub, LLC (dba Industrial Service Group) (Delayed Draw)2023-06-300001737924us-gaap:DebtSecuritiesMemberncdlc:WholesaleMember2023-06-300001737924us-gaap:DebtSecuritiesMember2023-06-300001737924Covercraft 22023-06-300001737924S&S Truck Parts 32023-06-300001737924S&S Truck Parts 42023-06-300001737924us-gaap:EquitySecuritiesMemberus-gaap:AutomotiveSectorMember2023-06-300001737924Bardstown PPC Holdings LLC 22023-06-300001737924Fresh Edge - 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("CTSI")2022-12-310001737924Corbett Technology Solutions, Inc. ("CTSI") (Delayed Draw)2022-12-310001737924Mobile Communications America, Inc. 12022-12-310001737924Mobile Communications America, Inc. 22022-12-310001737924Mobile Communications America, Inc. (Incremental)2022-12-310001737924Momentum Telecom II2022-12-310001737924Sapphire Telecom Inc2022-12-310001737924Tyto Athene, LLC2022-12-310001737924us-gaap:DebtSecuritiesMemberncdlc:TelecommunicationsMember2022-12-310001737924FSK Pallet Holding Corp. (DBA Kamps Pallets)2022-12-310001737924Kenco Group, Inc.2022-12-310001737924Kenco Group, Inc. (Delayed Draw)2022-12-310001737924Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 12022-12-310001737924Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 22022-12-310001737924Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 32022-12-310001737924Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 42022-12-310001737924Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 52022-12-310001737924SEKO Global Logistics 12022-12-310001737924SEKO Global Logistics 22022-12-310001737924SEKO Global Logistics 32022-12-310001737924SEKO Global Logistics (Delayed Draw) (Incremental)2022-12-310001737924SEKO Global Logistics (Incremental)2022-12-310001737924TI ACQUISITION NC LLC2022-12-310001737924ncdlc:TransportationCargoMemberus-gaap:DebtSecuritiesMember2022-12-310001737924TPC Wire & Cable2022-12-310001737924TPC Wire & Cable (Delayed Draw)2022-12-310001737924Warrior Acquisition Inc2022-12-310001737924ncdlc:UtilitiesElectricMemberus-gaap:DebtSecuritiesMember2022-12-310001737924ISG Merger Sub, LLC (dba Industrial Service Group)2022-12-310001737924ISG Merger Sub, LLC (dba Industrial Service Group) (Delayed Draw)2022-12-310001737924Wittichen Supply 12022-12-310001737924Wittichen Supply 22022-12-310001737924Wittichen Supply 32022-12-310001737924Wittichen Supply (Delayed Draw)2022-12-310001737924Wittichen Supply (Delayed Draw) 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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
FORM 10-Q
(Mark One)
ý
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2023
OR

¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number: 000-56133
NUVEEN CHURCHILL DIRECT LENDING CORP.
(Exact name of registrant as specified in its charter)
Maryland 84-3613224
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
430 Park Avenue, 14th Floor, New York, NY
 10022
(Address of principal executive offices) (Zip Code)
(212478-9200
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
NoneN/AN/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes ý No ¨ 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes ý No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
¨
Accelerated filer
¨
Non-accelerated filer
ý
Smaller reporting company
¨
Emerging growth company
ý
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  ý

As of August 4, 2023, the registrant had 35,585,951 shares of common stock, $0.01 par value, outstanding.



TABLE OF CONTENTS



FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on our current expectations and estimates, our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation:
our future operating results;
our business prospects and the prospects of our portfolio companies;
the dependence of our future success on the general economy and its impact on the industries in which we invest;
the impact of a protracted decline in the liquidity of credit markets on our business;
the impact of increased competition;
an economic downturn and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us;
the impact of interest rate volatility, including the replacement of LIBOR with alternate rates and rising interest rates, on our business and our portfolio companies;
the impact of supply chain constraints and labor difficulties on our portfolio companies and the global economy;
the elevated level of inflation, and its impact on our portfolio companies and on the industries in which we invest;
the impact of geopolitical conditions, including the ongoing conflict between Ukraine and Russia, and its impact on financial market volatility, global economic markets, and various sectors, industries and markets for commodities globally, such as oil and natural gas;
our contractual arrangements and relationships with third parties;
the valuation of our investments in portfolio companies, particularly those having no liquid trading market;
actual and potential conflicts of interest with the Advisers, and/or their respective affiliates;
the ability of our portfolio companies to achieve their objectives;
the use of borrowed money to finance a portion of our investments;
the adequacy of our financing sources and working capital;
the timing of cash flows, if any, from the operations of our portfolio companies;
the ability of the Advisers, to locate suitable investments for us and to monitor and administer our investments;
the ability of the Advisers or their respective affiliates to attract and retain highly talented professionals;
our ability to qualify and maintain our qualification as a regulated investment company (a “RIC”) and operate as a business development company ("BDC"); and
the impact of future legislation and regulation on our business and our portfolio companies.

1


Although we believe that the assumptions on which these forward-looking statements are based on are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. Important assumptions include our ability to originate new loans and investments, certain margins and levels of profitability and the availability of additional capital. In light of these and other uncertainties, the inclusion of forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. These forward-looking statements apply only as of the date of this report. Moreover, we assume no duty and do not undertake to update the forward-looking statements except as otherwise provided by law.


2


PART I. FINANCIAL INFORMATION
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
(dollars in thousands, except share and per share data)
June 30, 2023December 31, 2022
(Unaudited)
Assets
Investments
Non-controlled/non-affiliated company investments, at fair value (amortized cost of $1,391,333 and $1,225,573, respectively)
$1,350,757 $1,200,376 
Cash and cash equivalents45,448 39,270 
Restricted cash50 50 
Due from adviser expense support (See Note 4)
865 1,147 
Interest receivable13,076 11,898 
Receivable for investments sold766 719 
Contribution receivable3 458 
Prepaid expenses100 41 
Total assets$1,411,065 $1,253,959 
Liabilities
Secured borrowings (net of $6,897 and $5,675 deferred financing costs, respectively) (See Note 5)
$818,550 $699,772 
Payable for investments purchased 56 
Interest payable11,321 8,812 
Due to adviser expense support (See Note 4)
1,101 1,147 
Management fees payable2,474 2,211 
Distributions payable17,105 14,325 
Directors’ fees payable96 96 
Accounts payable and accrued expenses2,921 2,583 
Total liabilities$853,568 $729,002 
Commitments and contingencies (See Note 6)
Net Assets: (See Note 7)
Common shares, $0.01 par value, 500,000,000 and 500,000,000 shares authorized, 31,099,618 and 28,650,548 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively
$311 $287 
Paid-in-capital in excess of par value593,043 548,600 
Total distributable earnings (loss)(35,857)(23,930)
Total net assets$557,497 $524,957 
Total liabilities and net assets$1,411,065 $1,253,959 
Net asset value per share (See Note 8)
$17.93 $18.32 




See Notes to Consolidated Financial Statements
3


NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(dollars in thousands, except share and per share data)
Three Months Ended June 30,
Six Months Ended June 30,
2023202220232022
Investment income:
Non-controlled/non-affiliated company investments:
Interest income$36,292 $15,883 $69,679 $29,667 
Payment-in-kind interest income551 186 872 328 
Dividend income24  40  
Other income234 392 470 605 
Total investment income$37,101 $16,461 71,061 30,600 
Expenses:
Interest and debt financing expenses$14,298 $4,237 27,041 7,258 
Management fees (See Note 4)
2,475 1,732 4,781 3,252 
Professional fees964 264 1,554 445 
Directors' fees95 95 191 191 
Administration fees (See Note 4)
350 189 659 405 
Other general and administrative expenses733 254 1,290 313 
Total expenses before expense support18,915 6,771 35,516 11,864 
Expense support (See Note 4)
(144)(43)(158)(94)
Net expenses after expense support18,771 6,728 35,358 11,770 
          Net investment income18,330 9,733 35,703 18,830 
Realized and unrealized gain (loss) on investments:
Net realized gain (loss) on non-controlled/non-affiliated company investments218 56 6,699 92 
Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments(4,242)(12,509)(15,379)(14,891)
Total net realized and unrealized gain (loss) on investments(4,024)(12,453)(8,680)(14,799)
Net increase (decrease) in net assets resulting from operations$14,306 $(2,720)$27,023 $4,031 
Per share data:
Net investment income per share - basic and diluted $0.60 $0.44 $1.20 $0.88 
Net increase (decrease) in net assets resulting from operations per share - basic and diluted$0.47 $(0.12)$0.91 $0.19 
Weighted average common shares outstanding - basic and diluted 30,621,009 22,212,400 29,679,378 21,366,638 





See Notes to Consolidated Financial Statements
4


NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (UNAUDITED)
(dollars in thousands, except share and per share data)
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Increase (decrease) in net assets resulting from operations:
Net investment income$18,330 $9,733 $35,703 $18,830 
Net realized gain (loss) on investments218 56 6,699 92 
Net change in unrealized appreciation (depreciation) on investments(4,242)(12,509)(15,379)(14,891)
Net increase (decrease) in net assets resulting from operations14,306 (2,720)27,023 4,031 
Shareholder distributions:
Distributions declared from net investment income(17,106)(9,757)(32,915)(18,309)
Distributions declared from realized gains  (6,036) 
Net increase (decrease) in net assets resulting from shareholder distributions(17,106)(9,757)(38,951)(18,309)
Capital share transactions:
Issuance of common shares, net39,977 34,946 39,977 64,930 
Reinvestment of shareholder distributions, net2,776 627 4,491 1,070 
Net increase (decrease) in net assets resulting from capital share transactions42,753 35,573 44,468 66,000 
Total increase (decrease) in net assets39,953 23,096 32,540 51,722 
Net assets, at beginning of period517,544 402,677 524,957 374,051 
Net assets, at end of period$557,497 $425,773 $557,497 $425,773 

See Notes to Consolidated Financial Statements
5


NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(dollars in thousands, except share and per share data)
Six Months Ended June 30,
20232022
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations$27,023 $4,031 
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities
Purchase of investments(202,017)(248,039)
Proceeds from principal repayments and sales of investments45,361 29,746 
Payment-in-kind interest(872)(312)
Amortization of premium/accretion of discount, net(1,533)(890)
Net realized (gain) loss on investments(6,699)(92)
Net change in unrealized (appreciation) depreciation on investments15,379 14,891 
Amortization of deferred financing costs884 622 
Amortization of offering costs(23)(34)
Changes in operating assets and liabilities:
Due from adviser expense support282 (125)
Interest receivable(1,178)(5,441)
Receivable for investments sold(47)3,354 
Prepaid expenses(59)(23)
Payable for investments purchased(56)(25,744)
Interest payable2,509 478 
Due to adviser expense support(46)125 
Management fees payable263 356 
Accounts payable and accrued expenses338 215 
Net cash provided by (used in) operating activities(120,491)(226,882)
Cash flows from financing activities:
Proceeds from issuance of common shares40,455 64,964 
Shareholder distributions(31,680)(15,122)
Proceeds from secured borrowings179,000 544,600 
Repayments of secured borrowings(59,000)(367,000)
Payments of deferred financing costs(2,106)(2,783)
Net cash provided by (used in) financing activities126,669 224,659 
Net increase (decrease) in Cash and Cash Equivalents and Restricted Cash 6,178 (2,223)
Cash and Cash Equivalents and Restricted Cash, beginning of period39,320 35,236 
Cash and Cash Equivalents and Restricted Cash, end of period$45,498 $33,013 
Supplemental disclosure of cash flow information:
Cash paid during the period for interest$23,648 $7,114 
Supplemental disclosure of non-cash flow Information:
Reinvestment of shareholder distributions$4,491 $1,070 






See Notes to Consolidated Financial Statements
6


The following tables provide a reconciliation of cash and cash equivalents and restricted cash reported on the consolidated statements of assets and liabilities that sum to the total of comparable amounts on the consolidated statements of cash flows (dollars in thousands):
June 30, 2023June 30, 2022
Cash and cash equivalents$45,448 $32,963 
Restricted cash50 50 
Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows$45,498 $33,013 


See Notes to Consolidated Financial Statements
7

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Investments
Debt Investments
Aerospace & Defense
AEgis Technologies(6) (13)First Lien Term Loan
S + 6.00%
11.27 %10/31/2025$14,732 $14,656 $14,349 2.57 %
Arotech(6) (13)First Lien Term Loan
S + 6.25%
11.52 %10/22/20269,249 9,166 8,792 1.58 %
Arotech (Delayed Draw)(6) (13)First Lien Term Loan
S + 6.25%
11.52 %10/22/2026450 448 428 0.08 %
Loc Performance Products(6) (13)First Lien Term Loan
S + 5.25%
10.39 %12/22/20266,595 6,534 6,209 1.11 %
Valkyrie(17)Subordinated DebtN/A
10.50% (Cash) 1.00% (PIK)
11/17/20272,822 2,775 2,717 0.49 %
Total Aerospace & Defense33,579 32,495 5.83 %
Automotive
American Auto Auction Group(6) (13)First Lien Term Loan
S + 5.00%
10.27 %12/30/202710,573 10,489 9,761 1.75 %
Classic Collision (Delayed Draw) (Incremental)(6) (13)First Lien Term Loan
L + 5.75%
11.51 %1/14/20266,976 6,976 6,778 1.22 %
Classic Collision (Incremental)(6) (9) (13)First Lien Term Loan
S + 5.75%
10.89 %1/14/20267,791 7,738 7,569 1.36 %
Collision Right(13) (17)First Lien Term Loan
S + 4.75%
10.02 %4/14/20284,816 4,790 4,727 0.85 %
Collision Right(17)Subordinated Debt
N/A
9.00% (Cash) 3.75% (PIK)
10/14/20281,385 1,352 1,344 0.24 %
Collision Right (Delayed Draw)(17)First Lien Term Loan
S + 4.75%
10.02 %4/14/2028506 503 497 0.09 %
Collision Right (Delayed Draw)(17)Subordinated Debt
N/A
9.00% (Cash) 3.75% (PIK)
10/14/2028978 966 949 0.17 %
Covercraft(17)Subordinated DebtN/A
10.00% (Cash) 0.75% (PIK)
2/21/20287,450 7,338 6,981 1.25 %
Covercraft (Delayed Draw)(11) (17)Subordinated DebtN/A
10.00% (Cash) 0.75% (PIK)
2/21/20284,386  (276)(0.05 %)
JEGS Automotive(6)First Lien Term Loan
L + 6.00%
11.55 %12/22/20274,009 3,978 3,311 0.59 %
JEGS Automotive (Delayed Draw)(11) (17)First Lien Term Loan
L + 6.00%
11.55 %12/22/2027930  (162)(0.03 %)
OEP Glass Purchaser(6) (13)First Lien Term Loan
S + 5.25%
10.64 %4/18/202814,813 14,693 14,370 2.58 %
Randys Holdings, Inc(9) (13)First Lien Term Loan
S + 6.50%
11.77 %11/1/202811,194 10,987 10,988 1.97 %
Randys Holdings, Inc (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 6.50%
11.77 %11/1/20283,750  (69)(0.01 %)
S&S Truck Parts(6) (13)First Lien Term Loan
S + 4.75%
10.14 %3/1/20296,893 6,834 6,752 1.21 %
S&S Truck Parts(13)First Lien Term Loan
S + 4.75%
9.89 %3/1/20291,165 1,155 1,141 0.20 %
S&S Truck Parts (Delayed Draw)(11) (17)First Lien Term Loan
S + 4.75%
10.02 %3/1/202998  (2) %
S&S Truck Parts (Delayed Draw)(11) (17)First Lien Term Loan
S + 4.75%
9.89 %3/1/20291,732 1,584 1,549 0.28 %
Total Automotive79,383 76,208 13.67 %
See Notes to Consolidated Financial Statements
8

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Banking, Finance, Insurance, Real Estate
Allied Benefit Systems(6) (13)First Lien Term Loan
S + 4.50%
9.77 %11/18/20265,960 5,927 5,889 1.06 %
Bankruptcy Management Solutions Inc(6)First Lien Term Loan
S + 4.50%
9.64 %2/28/20253,830 3,849 3,830 0.69 %
Coding Solutions Acquisitions(6) (9) (13)First Lien Term Loan
S + 5.50%
10.64 %5/11/20286,464 6,410 6,358 1.14 %
Coding Solutions Acquisitions (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 5.50%
10.64 %5/11/20281,967 206 173 0.03 %
Long Term Care Group(6) (9) (13)First Lien Term Loan
S + 6.00%
11.27 %9/8/20276,620 6,570 5,781 1.04 %
Patriot Growth Insurance Service (Delayed Draw) (Incremental)(9) (11) (17)First Lien Term Loan
S + 5.75%
11.02 %10/14/20287,185 3,708 3,583 0.64 %
Risk Strategies (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 5.50%
10.77 %11/1/20263,545 2,061 2,008 0.36 %
Risk Strategies (Delayed Draw)(9) (17)First Lien Term Loan
S + 5.50%
10.77 %11/1/202611,399 11,399 11,140 2.00 %
Vensure Employer Services(6) (13)First Lien Term Loan
S + 4.75%
10.02 %3/26/202714,731 14,695 14,382 2.58 %
World Insurance Associates(6) (9) (13)First Lien Term Loan
S + 5.75%
11.02 %4/1/20261,971 1,958 1,916 0.34 %
World Insurance Associates (Delayed Draw)(9) (17)First Lien Term Loan
S + 5.75%
11.02 %4/1/20265,005 5,005 4,866 0.87 %
World Insurance Associates (Delayed Draw)(6) (9) (17)First Lien Term Loan
S + 5.75%
11.02 %4/1/20267,980 7,980 7,758 1.39 %
Total Banking, Finance, Insurance, Real Estate69,768 67,684 12.14 %
Beverage, Food & Tobacco
Bardstown PPC Holdings LLC(17)Subordinated Debt
S + 7.75%
13.02 %8/30/20279,300 9,142 9,224 1.65 %
Death Wish Coffee(6) (9) (13)First Lien Term Loan
S + 4.75%
10.02 %9/28/20279,850 9,778 9,850 1.77 %
Dessert Holdings(6) (17)Subordinated Debt
S + 7.25%
12.52 %6/8/20299,000 8,869 7,785 1.40 %
Fresh Edge(17)Subordinated Debt
S + 4.50%
9.77% (Cash) 5.13% (PIK)
4/3/20293,770 3,685 3,678 0.66 %
Fresh Edge (Incremental)(17)Subordinated Debt
S + 4.50%
9.77% (Cash) 5.13% (PIK)
4/3/2029753 734 734 0.13 %
GA Foods(16) (17)First Lien Term Loan
L + 5.50%
10.49% (Cash) 0.50% (PIK)
12/1/202614,769 14,684 2,518 0.45 %
Handgards(6) (13)First Lien Term Loan
L + 7.00%
12.55 %10/14/202614,588 14,419 14,588 2.62 %
Harvest Hill Beverage Company(17)Subordinated Debt
S + 9.00%
14.14 %2/28/20293,640 3,536 3,535 0.63 %
KSLB Holdings LLC(13)First Lien Term Loan
L + 4.50%
9.72 %7/30/20252,865 2,848 2,659 0.48 %
Rise Baking(6) (9) (13)First Lien Term Loan
S + 6.50%
11.64 %8/13/202714,775 14,617 14,775 2.65 %
Watermill Express, LLC(6) (9) (13)First Lien Term Loan
S + 5.25%
10.52 %4/20/20273,273 3,251 3,214 0.58 %
Watermill Express, LLC (Delayed Draw)(9) (17)First Lien Term Loan
L + 5.25%
10.80 %4/20/2027316 316 310 0.06 %
Total Beverage, Food & Tobacco85,879 72,870 13.08 %
See Notes to Consolidated Financial Statements
9

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Capital Equipment
Blackbird Purchaser Inc.(6) (13) (17)First Lien Term Loan
S + 4.50%
9.64 %4/8/20269,862 9,828 9,709 1.74 %
Crete Mechanical Group(6) (13)First Lien Term Loan
S + 5.00%
10.27 %5/19/20284,847 4,807 4,764 0.85 %
Crete Mechanical Group (Delayed Draw)(6)First Lien Term Loan
S + 5.00%
10.27 %5/19/20282,860 2,819 2,811 0.50 %
Crete Mechanical Group (Delayed Draw)(11) (17)First Lien Term Loan
S + 5.00%
10.27 %5/19/20287,178 4,452 4,328 0.78 %
EFC Holdings, LLC(17)Subordinated Debt
N/A
11.00% (Cash) 2.50% (PIK)
5/1/20283,146 3,058 3,057 0.55 %
Heartland Home ServicesFirst Lien Term Loan
S + 6.00%
11.14 %12/15/20266,500 6,458 6,367 1.14 %
Heartland Home Services (Delayed Draw)(6) (9) (13)First Lien Term Loan
L + 6.00%
11.22 %12/15/20265,636 5,615 5,521 0.99 %
Heartland Home Services (Delayed Draw)(6) (9) (13)First Lien Term Loan
S + 6.00%
11.14 %12/15/20262,585 2,585 2,532 0.45 %
Ovation Holdings, Inc.(13)First Lien Term Loan
S + 6.25%
11.52 %2/3/20298,076 7,907 7,903 1.42 %
Ovation Holdings, Inc. (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.25%
11.52 %2/3/20291,904 (22)(41)(0.01 %)
Precision Surfacing(17)Subordinated Debt
N/A 15.00%
15.00 %6/30/2024469 469 469 0.08 %
PT Intermediate Holdings III, LLC(6) (9) (13)First Lien Term Loan
S + 5.98%
11.24 %11/1/20288,779 8,753 8,556 1.53 %
PT Intermediate Holdings III, LLC (Incremental)(6) (9) (13)First Lien Term Loan
S + 5.98%
11.24 %11/1/20281,073 1,064 1,046 0.19 %
Repipe Specialists(17)Subordinated Debt
N/A
10.00% (Cash) 1.00% (PIK)
3/18/20292,420 2,379 2,288 0.41 %
Repipe Specialists (Delayed Draw)(11) (17)Subordinated DebtN/A
10.00% (Cash) 1.00% (PIK)
3/18/2029900 209 160 0.03 %
RTH Buyer LLC (dba "Rhino Tool House)(13) (17)First Lien Term Loan
S + 6.25%
11.64 %4/4/20298,092 7,936 7,937 1.42 %
RTH Buyer LLC (dba "Rhino Tool House) (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.25%
11.64 %4/4/20291,887 (9)(36)(0.01 %)
Total Capital Equipment68,308 67,371 12.06 %
Chemicals, Plastics, & Rubber
Ascensus(9) (17)Subordinated Debt
S + 6.50%
11.77 %8/2/20299,000 8,935 8,360 1.50 %
Ascensus Specialties(6) (9) (13)First Lien Term Loan
S + 4.35%
9.49 %6/30/20289,781 9,629 9,413 1.69 %
Boulder Scientific Company LLC(6)First Lien Term Loan
S + 4.25%
9.52 %12/29/20252,076 2,086 2,056 0.37 %
Chroma Color Corporation (dba "Chroma Color")(13)First Lien Term Loan
S + 6.00%
11.27 %4/21/20296,346 6,222 6,223 1.12 %
Chroma Color Corporation (dba "Chroma Color") (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.00%
11.27 %4/21/20291,379 (13)(27) %
Spartech(6) (9) (13)First Lien Term Loan
S + 4.75%
10.02 %5/8/202814,844 14,772 13,509 2.42 %
Total Chemicals, Plastics, & Rubber41,631 39,534 7.10 %
See Notes to Consolidated Financial Statements
10

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Construction & Building
Erie Construction(6) (13)First Lien Term Loan
S + 4.75%
10.14 %7/30/202710,427 10,351 10,428 1.87 %
Gannett Fleming(13)First Lien Term Loan
S + 6.60%
11.87 %12/20/20289,950 9,768 9,777 1.75 %
MEI Rigging & Crating(13) (17)First Lien Term Loan
S + 6.50%
11.64 %6/29/202911,460 11,230 11,230 2.01 %
MEI Rigging & Crating (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.50%
11.64 %6/29/20291,814 (9)(36)(0.01 %)
Sciens Building Solutions, LLC(6) (9) (13)First Lien Term Loan
S + 5.75%
11.02 %12/15/20279,362 9,216 8,991 1.61 %
Sciens Building Solutions, LLC (Delayed Draw)(6) (9) (11) (13)First Lien Term Loan
S + 5.75%
11.02 %12/15/20274,930 1,590 1,432 0.26 %
Total Construction & Building42,146 41,822 7.49 %
Consumer Goods: Durable
Halo Buyer Inc(6) (15)First Lien Term Loan
S + 4.50%
9.64 %6/30/20255,698 5,664 5,149 0.92 %
Petmate(6) (9) (13) (15)First Lien Term Loan
L + 5.50%
11.05 %9/15/20289,850 9,773 6,402 1.15 %
Xpressmyself.com LLC (a/k/a SmartSign)(13)First Lien Term Loan
S + 4.75%
10.02 %9/7/20289,925 9,839 9,632 1.73 %
Xpressmyself.com LLC (a/k/a SmartSign)(6) (17)First Lien Term Loan
S + 5.75%
11.02 %9/7/20285,050 4,950 4,950 0.89 %
Total Consumer Goods: Durable30,226 26,133 4.69 %
Consumer Goods: Non-durable
Arcadia Consumer Health(6) (9) (13)First Lien Term Loan
S + 4.50%
9.77 %9/10/202712,668 12,576 12,102 2.17 %
Arcadia Consumer Health (Incremental)(13) (17)First Lien Term Loan
S + 5.75%
10.89 %9/10/20272,267 2,222 2,238 0.40 %
Badger Sportswear Acquisition Inc(6)First Lien Term Loan
L + 4.50%
10.05 %12/24/20233,821 3,809 3,776 0.68 %
Elevation Labs(13)First Lien Term Loan
S + 5.25%
10.52 %6/30/20286,823 6,764 6,735 1.21 %
Elevation Labs (Delayed Draw)(11) (17)First Lien Term Loan
S + 5.25%
10.52 %6/30/20283,125 (26)(40)(0.01 %)
FoodScience(6) (13)First Lien Term Loan
L + 5.00%
10.55 %3/1/20277,784 7,728 6,928 1.24 %
FoodScience(6) (13)First Lien Term Loan
L + 5.00%
10.55 %3/1/20276,916 6,865 6,156 1.10 %
Market Performance Group(6) (13)First Lien Term Loan
S + 5.50%
10.77 %12/29/20262,518 2,500 2,533 0.45 %
Market Performance Group(6) (13)First Lien Term Loan
S + 5.50%
10.77 %12/29/20267,313 7,291 7,356 1.32 %
Protective Industrial Products (“PIP”)(9) (13) (17)First Lien Term Loan
S + 5.00%
10.14 %12/29/20274,872 4,679 4,680 0.84 %
Ultima Health Holdings, LLC(17)Subordinated DebtN/A
11.00% (Cash) 1.50% (PIK)
3/12/20291,721 1,691 1,666 0.30 %
Total Consumer Goods: Non-durable56,099 54,130 9.70 %
See Notes to Consolidated Financial Statements
11

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Containers, Packaging & Glass
B2B Packaging(6) (13)First Lien Term Loan
S + 6.75%
11.89 %10/7/202614,771 14,736 14,440 2.59 %
B2B Packaging (Delayed Draw)(6)First Lien Term Loan
S + 6.75%
11.89 %10/7/2026117 114 114 0.02 %
Five Star Packing(6) (13)First Lien Term Loan
S + 4.25%
9.64 %5/5/20297,615 7,515 7,487 1.34 %
Good2Grow(6) (13)First Lien Term Loan
S + 4.50%
9.77 %12/1/20279,642 9,569 9,510 1.71 %
Oliver Packaging(17)Subordinated DebtN/A11.00 %1/6/20292,510 2,468 2,417 0.43 %
Specialized Packaging Group(6) (7) (10) (13)First Lien Term Loan
L + 5.50%
11.05%
12/17/20252,998 2,980 2,924 0.52 %
Specialized Packaging Group(6) (7) (10) (13)First Lien Term Loan
L + 5.50%
11.05 %12/17/20257,313 7,270 7,133 1.28 %
Specialized Packaging Group (Incremental)(7) (10) (13)First Lien Term Loan
L + 6.25%
12.01 %12/17/20254,431 4,365 4,393 0.79 %
Total Containers, Packaging & Glass49,017 48,418 8.68 %
Environmental Industries
Impact Parent Corporation (d/b/a Impact Environmental Group)(13) (17)First Lien Term Loan
S + 6.00%
11.39 %3/23/20296,810 6,676 6,682 1.20 %
Impact Parent Corporation (d/b/a Impact Environmental Group) (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.00%
11.39 %3/23/20293,173 (15)(60)(0.01 %)
Nutrition 101 Buyer LLC (a/k/a 101, Inc.)(13)First Lien Term Loan
S + 5.25%
10.52 %8/31/20286,682 6,625 6,590 1.18 %
The Facilities Group(6) (9) (13)First Lien Term Loan
S + 5.75%
10.89 %11/30/20274,897 4,862 4,716 0.85 %
The Facilities Group (Delayed Draw)(6) (9) (11) (13)First Lien Term Loan
L + 5.75%
11.30 %11/30/20274,975 4,518 4,334 0.78 %
Total Environmental Industries22,666 22,262 4.00 %
Healthcare & Pharmaceuticals
Affinity Hospice(6) (13) (17)First Lien Term Loan
S + 4.75%
10.02 %12/17/20277,912 7,851 7,473 1.34 %
Affinity Hospice (Delayed Draw)(11) (17)First Lien Term Loan
L + 4.75%
10.30 %12/17/20271,981  (110)(0.02 %)
Anne Arundel(17)Subordinated DebtN/A
12.75% (PIK)
10/16/20263,076 3,035 2,809 0.50 %
Anne Arundel(17)Subordinated DebtN/A11.00 %4/16/20261,866 1,847 1,747 0.31 %
Anne Arundel (Delayed Draw)(11) (17)Subordinated DebtN/A11.00 %4/16/20262,258 1,882 1,747 0.31 %
Forefront Dermatology(6) (9) (13) (15)First Lien Term Loan
S + 4.25%
9.52 %4/2/20295,333 5,239 5,279 0.95 %
Forefront Dermatology (Delayed Draw)(9) (11) (15) (17)First Lien Term Loan
S + 4.25%
9.39 %4/2/2029999 978 968 0.17 %
Genesee Scientific(6) (9)First Lien Term Loan
S + 5.25%
10.64 %9/30/20275,989 5,949 5,776 1.04 %
Genesee Scientific (Delayed Draw)(9) (11) (17)First Lien Term Loan
L + 5.25%
10.80 %9/30/20272,023 1,415 1,343 0.24 %
GHR Healthcare(6) (9)First Lien Term Loan
S + 4.75%
10.14 %12/9/20276,434 6,387 6,347 1.14 %
GHR Healthcare (Delayed Draw)(6) (9) (13)First Lien Term Loan
S + 4.75%
10.14 %12/9/20272,012 2,012 1,985 0.36 %
GHR Healthcare (Incremental)(9) (13)First Lien Term Loan
S + 4.75%
10.14 %12/9/20275,008 4,921 4,941 0.89 %
See Notes to Consolidated Financial Statements
12

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Health Management Associates(13) (17)First Lien Term Loan
S + 6.50%
11.64 %3/30/20298,492 8,326 8,324 1.49 %
Health Management Associates (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.50%
11.64 %3/30/20291,508 453 453 0.08 %
Heartland Veterinary Partners LLC (Incremental)(17)Subordinated Debt
S + 7.50%
12.64 %12/10/20271,900 1,869 1,851 0.33 %
Heartland Veterinary Partners LLC (Incremental) (Delayed Draw)(11) (17)Subordinated Debt
S + 7.50%
12.64 %12/10/20279,500 874 630 0.11 %
InfuCare RX(6) (13)First Lien Term Loan
S + 4.50%
9.77 %1/4/20289,850 9,775 9,211 1.65 %
MDC Intermediate Holdings II, LLC(17)Subordinated DebtN/A
10.00% (Cash) 2.25% (PIK)
2/7/20301,745 1,705 1,703 0.31 %
MDC Intermediate Holdings II, LLC (Delayed Draw)(11) (17)Subordinated DebtN/A
10.00% (Cash), 2.25% (PIK)
2/7/2030720 (8)(17) %
Midwest Eye Consultants(6) (13)First Lien Term Loan
S + 4.50%
9.89 %8/20/20279,067 9,003 8,672 1.56 %
PromptCare(6) (9) (13)First Lien Term Loan
S + 6.00%
11.14 %9/1/20278,246 8,146 8,068 1.45 %
PromptCare (Delayed Draw)(6) (9) (11) (13)First Lien Term Loan
S + 6.00%
11.14 %9/1/20273,021 1,267 1,219 0.22 %
Quorum Health Resources, LLC(6) (13)First Lien Term Loan
S + 5.75%
11.14 %5/28/20277,719 7,663 7,490 1.34 %
Quorum Health Resources, LLC (Delayed Draw) (Incremental)(11) (17)First Lien Term Loan
S + 6.25%
11.64 %5/28/20273,264 (8)(49)(0.01 %)
Quorum Health Resources, LLC (Incremental)(13) (17)First Lien Term Loan
S + 6.25%
11.64 %5/28/20273,264 3,215 3,215 0.58 %
Sandlot Buyer, LLC (Prime Time Healthcare)(13)First Lien Term Loan
S + 5.75%
11.14 %9/19/20289,625 9,360 9,628 1.73 %
SCP Eye Care Holdco, LLC (DBA EyeSouth Partners)(13)First Lien Term Loan
S + 5.75%
10.89 %10/5/20297,511 7,443 7,373 1.32 %
SCP Eye Care Holdco, LLC (DBA EyeSouth Partners) (Delayed Draw)(11) (17)First Lien Term Loan
S + 5.75%
10.89 %10/5/20292,450 401 356 0.06 %
SM Wellness Holdings, Inc(6) (13)First Lien Term Loan
S + 4.75%
9.89 %4/17/202814,740 14,643 13,941 2.50 %
US Fertility(17)Subordinated DebtN/A
13.75% (PIK)
6/21/202811,572 11,236 11,230 2.01 %
Wellspring Pharmaceutical(13)First Lien Term Loan
S + 5.75%
11.14 %8/22/20283,395 3,337 3,296 0.59 %
Wellspring Pharmaceutical (Delayed Draw)(17)First Lien Term Loan
S + 5.75%
11.14 %8/22/20281,579 1,569 1,533 0.27 %
Wellspring Pharmaceutical (Delayed Draw) (Incremental)(11) (17)First Lien Term Loan
S + 5.75%
11.14 %8/22/20283,756 (18)(73)(0.01 %)
Wellspring Pharmaceutical (Incremental)(13) (17)First Lien Term Loan
S + 5.75%
11.14 %8/22/20281,252 1,228 1,228 0.22 %
Total Healthcare & Pharmaceuticals142,995 139,587 25.03 %
High Tech Industries
Acclaim MidCo, LLC (dba ClaimLogiQ)(13) (17)First Lien Term Loan
S + 6.25%
11.52 %6/13/20298,062 7,901 7,902 1.43 %
Acclaim MidCo, LLC (dba ClaimLogiQ) (Delayed Draw)(11) (17)First Lien Term Loan
S + 5.50%
10.77 %6/13/20293,225 (16)(64)(0.01 %)
Argano, LLC(6) (13)First Lien Term Loan
S + 5.50%
10.64 %6/10/20265,662 5,627 5,422 0.97 %
See Notes to Consolidated Financial Statements
13

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Argano, LLC (Delayed Draw)(6) (13)First Lien Term Loan
S + 5.50%
10.64 %6/10/20262,507 2,507 2,401 0.43 %
Argano, LLC (Delayed Draw) (Incremental)(6)First Lien Term Loan
S + 5.50%
10.64 %6/10/20261,713 1,680 1,641 0.29 %
Diligent Corporation(6) (9) (17)First Lien Term Loan
S + 6.25%
11.39 %8/4/202512,534 12,511 12,042 2.16 %
Diligent Corporation(9) (13)First Lien Term Loan
S + 5.75%
10.89 %8/4/20253,404 3,387 3,241 0.58 %
Diligent Corporation(9) (13)First Lien Term Loan
S + 5.75%
10.89 %8/4/20251,483 1,476 1,412 0.25 %
Diligent Corporation (Delayed Draw)(9) (17)First Lien Term Loan
S + 6.25%
11.39 %8/4/2025169 169 162 0.03 %
Diligent Corporation (Delayed Draw)(9) (17)First Lien Term Loan
S + 6.25%
11.39 %8/4/2025106 106 102 0.02 %
Eliassen Group LLC(6) (9) (13)First Lien Term Loan
S + 5.50%
10.89 %4/14/202812,131 12,032 11,936 2.14 %
Eliassen Group LLC (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 5.50%
10.77 %4/14/20282,775 408 369 0.07 %
Exterro(6) (9) (13)First Lien Term Loan
S + 5.50%
10.77 %5/31/20249,474 9,448 9,537 1.71 %
Fineline Merger(17)Subordinated Debt
S + 9.00%
14.14 %8/22/20282,941 2,909 2,909 0.52 %
Go Engineer(6) (9) (13)First Lien Term Loan
S + 5.63%
11.02 %12/21/202711,631 11,542 11,295 2.03 %
Go Engineer (Delayed Draw)(9) (17)First Lien Term Loan
S + 5.63%
11.02 %12/21/20273,168 3,144 3,076 0.55 %
Infinite Bidco LLC (Infinite Electronics) (Incremental)(9) (13)First Lien Term Loan
S + 6.25%
11.64 %3/2/20286,345 6,282 6,169 1.11 %
Infobase Acquisition, Inc.(13)First Lien Term Loan
S + 5.50%
10.89 %6/14/20284,353 4,316 4,290 0.77 %
Infobase Acquisition, Inc. (Delayed Draw)(11) (17)First Lien Term Loan
S + 5.50%
10.89 %6/14/2028721  (11) %
ITSavvy LLC(6) (13)First Lien Term Loan
S + 5.50%
10.89 %8/8/20287,833 7,766 7,868 1.41 %
ITSavvy LLC (Delayed Draw)(11) (17)First Lien Term Loan
S + 5.50%
10.89 %8/8/20281,682 1,510 1,531 0.27 %
North Haven CS Acquisition Inc(6)First Lien Term Loan
S + 5.25%
10.52 %1/23/20255,822 5,822 5,822 1.04 %
Northern Star Industries Inc(6)First Lien Term Loan
S + 4.50%
9.77 %3/28/20253,269 3,260 3,269 0.59 %
Prosci, Inc.(6)First Lien Term Loan
S + 4.50%
9.64 %10/21/20264,733 4,701 4,684 0.84 %
Revalize (Delayed Draw)(9) (13)First Lien Term Loan
S + 5.75%
10.89 %4/15/20274,264 4,254 3,995 0.72 %
Revalize (Delayed Draw)(6) (9) (17)First Lien Term Loan
S + 5.75%
10.89 %4/15/20271,095 1,088 1,026 0.18 %
Revalize (Delayed Draw)(9) (17)First Lien Term Loan
S + 5.75%
10.89 %4/15/2027244 243 229 0.04 %
SmartWave(6) (13)First Lien Term Loan
S + 6.00%
11.27 %11/5/20269,261 9,188 7,944 1.42 %
Solve Industrial Motion Group(17)Subordinated DebtN/A10.75 %6/28/20281,777 1,749 1,711 0.31 %
Solve Industrial Motion Group(17)Subordinated DebtN/A12.50 %6/28/2028758 744 743 0.13 %
Solve Industrial Motion Group (Delayed Draw)(17)Subordinated DebtN/A10.75 %6/28/20282,035 2,035 1,960 0.35 %
Total High Tech Industries127,789 124,613 22.35 %
Media: Advertising, Printing & Publishing
Tinuiti(6) (9) (13)First Lien Term Loan
S + 5.00%
10.27 %12/10/20262,963 2,941 2,861 0.51 %
Tinuiti (Delayed Draw)(6) (9) (13)First Lien Term Loan
S + 5.00%
10.27 %12/10/20261,936 1,935 1,869 0.34 %
See Notes to Consolidated Financial Statements
14

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Tinuiti (Delayed Draw) (Incremental)(6) (9) (17)First Lien Term Loan
S + 5.00%
10.14 %12/10/20269,913 9,913 9,571 1.72 %
Wpromote(13)First Lien Term Loan
S + 6.00%
11.14 %10/23/20284,401 4,321 4,341 0.78 %
Wpromote (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.00%
11.14 %10/23/2028588 (4)(8) %
Total Media: Advertising, Printing & Publishing19,106 18,634 3.35 %
Media: Diversified & Production
Corporate Visions(6) (13)First Lien Term Loan
S + 4.50%
9.64 %8/12/20272,902 2,881 2,764 0.50 %
Corporate Visions(6) (13)First Lien Term Loan
S + 4.50%
9.64 %8/12/20272,550 2,520 2,430 0.44 %
Spectrio II(6) (9) (13)First Lien Term Loan
S + 6.00%
11.27 %12/9/20268,082 8,034 7,760 1.39 %
Spectrio II (Delayed Draw)(6) (9) (13)First Lien Term Loan
S + 6.00%
11.27 %12/9/20262,871 2,854 2,757 0.49 %
Spectrio II (Delayed Draw)(9) (13)First Lien Term Loan
L + 5.75%
11.30 %12/9/2026438 436 417 0.07 %
Total Media: Diversified & Production16,725 16,128 2.89 %
Retail
Syndigo(6) (9) (13)First Lien Term Loan
L + 4.50%
9.72 %12/15/20275,865 5,883 5,632 1.01 %
Total Retail5,883 5,632 1.01 %
Services: Business
ALKU Intermediate Holdings, LLC(13) (17)First Lien Term Loan
S + 6.25%
11.39 %5/22/20294,530 4,440 4,441 0.81 %
Apex Companies Holdings, LLC(17)Subordinated DebtN/A
10.00% (Cash) 2.50% (PIK)
1/31/20293,914 3,825 3,821 0.69 %
Apex Companies Holdings, LLC (Delayed Draw)(11) (17)Subordinated DebtN/A
10.00% (Cash) 2.50% (PIK)
1/31/20291,196 67 53 0.01 %
Big Truck Rental(17)Subordinated Debt
L + 8.00%
13.22 %9/30/202710,000 9,847 10,000 1.79 %
Big Truck Rental(17)Subordinated Debt
L + 8.00%
13.22 %9/30/20272,500 2,500 2,500 0.45 %
Bounteous(6) (13)First Lien Term Loan
S + 5.25%
10.64 %8/2/20275,375 5,335 5,029 0.90 %
Bounteous(6) (13)First Lien Term Loan
S + 5.25%
10.52 %8/2/20272,200 2,183 2,058 0.37 %
Bounteous (Delayed Draw)(6) (13)First Lien Term Loan
S + 5.25%
10.64 %8/2/20272,782 2,763 2,603 0.47 %
Bounteous (Delayed Draw)(11) (17)First Lien Term Loan
L + 5.25%
10.80 %8/2/20274,467  (287)(0.05 %)
BroadcastMed Holdco, LLC(17)Subordinated DebtN/A
10.00% (Cash) 3.75% (PIK)
11/12/20273,483 3,421 3,354 0.60 %
Bullhorn Inc(6) (9) (13) (17)First Lien Term Loan
S + 5.75%
10.89 %9/30/202613,777 13,670 13,777 2.47 %
BusinesSolver(6) (9) (13)First Lien Term Loan
S + 5.50%
10.77 %12/1/20277,780 7,720 7,651 1.37 %
BusinesSolver (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 5.50%
10.77 %12/1/20272,120 173 145 0.03 %
Career Now(17)Subordinated DebtN/A
10.00% (Cash) 1.00% (PIK)
3/30/20273,070 3,025 2,861 0.51 %
See Notes to Consolidated Financial Statements
15

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Cornerstone Advisors of Arizona LLC(6) (13)First Lien Term Loan
S + 5.50%
10.89 %9/24/2026310 308 310 0.06 %
Cornerstone Advisors of Arizona LLC(6) (13)First Lien Term Loan
S + 5.50%
10.89 %9/24/20262,307 2,294 2,307 0.41 %
Cornerstone Advisors of Arizona LLC (Delayed Draw)(6) (13)First Lien Term Loan
S + 5.50%
10.89 %9/24/2026211 211 211 0.04 %
CrossCountry Consulting(6) (9) (13)First Lien Term Loan
S + 5.75%
10.89 %6/1/20298,216 8,073 8,216 1.47 %
CrossCountry Consulting (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 5.75%
10.89 %6/1/20293,320 (28)  %
D&H United Fueling Solutions(13)First Lien Term Loan
S + 5.25%
10.52 %9/16/20287,529 7,395 7,231 1.30 %
D&H United Fueling Solutions (Delayed Draw)(6)First Lien Term Loan
S + 5.25%
10.52 %9/16/20282,396 2,375 2,301 0.41 %
D&H United Fueling Solutions (Delayed Draw) (Incremental)(11) (17)First Lien Term Loan
S + 5.25%
10.52 %9/16/20281,567 (8)(31)(0.01 %)
D&H United Fueling Solutions (Incremental)(13) (17)First Lien Term Loan
S + 5.25%
10.52 %9/16/20283,483 3,413 3,413 0.61 %
E78(6)First Lien Term Loan
S + 5.50%
10.64 %12/1/20275,629 5,586 5,528 0.99 %
E78 (Incremental)(13)First Lien Term Loan
S + 5.50%
10.64 %12/1/20271,445 1,433 1,419 0.25 %
E78 (Delayed Draw)(6) (13)First Lien Term Loan
S + 5.50%
10.64 %12/1/20274,232 4,200 4,157 0.75 %
E78 (Delayed Draw)(11) (17)First Lien Term Loan
S + 5.50%
10.64 %12/1/20273,555 984 921 0.17 %
Evergreen Services Group(6) (9) (13)First Lien Term Loan
S + 6.15%
11.42 %6/15/202912,027 11,814 11,633 2.09 %
Evergreen Services Group (Delayed Draw)(9) (17)First Lien Term Loan
S + 6.15%
11.42 %6/15/20292,877 2,852 2,783 0.50 %
Gabriel Partners LLC(6) (9) (13)First Lien Term Loan
S + 5.75%
10.89 %9/21/20269,239 9,183 9,239 1.66 %
Gabriel Partners LLC (Delayed Draw)(6) (9) (13)First Lien Term Loan
L + 5.75%
11.30 %9/21/20261,539 1,539 1,539 0.28 %
Gabriel Partners LLC (Incremental)(9) (13)First Lien Term Loan
L + 5.75%
11.30 %9/21/20263,814 3,788 3,814 0.68 %
Lion Merger Sub Inc(9) (13)First Lien Term Loan
L + 6.00%
11.55 %12/17/20257,358 7,315 7,263 1.30 %
Lion Merger Sub Inc (Incremental)(9) (13)First Lien Term Loan
S + 6.00%
11.27 %12/17/20257,336 7,255 7,241 1.30 %
LSCS Holdings Inc.(6) (13)First Lien Term Loan
L + 4.50%
9.72 %12/16/20289,850 9,809 9,540 1.71 %
LYNX FRANCHISING, LLC(6) (9) (13)First Lien Term Loan
L + 6.25%
12.01 %12/23/20269,850 9,775 9,616 1.72 %
Output Services Group, Inc.(16) (17)First Lien Term Loan
S + 6.75%
10.16% (Cash) 1.50% (PIK)
6/29/20263,882 3,434 2,135 0.38 %
Phaidon International(7) (10) (13)First Lien Term Loan
S + 5.50%
10.64 %8/22/202914,625 14,497 14,507 2.60 %
Plaze(17)Subordinated Debt
S + 7.50%
12.64 %7/7/202815,000 14,647 13,682 2.45 %
RoadOne (Delayed Draw)(11) (17)Subordinated Debt
N/A
8.75% (Cash) 5.00% (PIK)
6/30/20291,397 (19)(30)(0.01 %)
RoadOne(17)Subordinated DebtN/A
8.75% (Cash) 5.00% (PIK)
6/30/20294,583 4,457 4,484 0.80 %
Scaled Agile(6) (9) (13)First Lien Term Loan
S + 5.50%
10.77 %12/15/20287,976 7,911 7,806 1.40 %
Scaled Agile (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 5.50%
10.77 %12/15/20281,923 392 351 0.06 %
Smile Brands(17)Subordinated Debt
L + 8.50%
14.26 %4/13/20269,597 9,506 8,383 1.50 %
Soliant Health(6) (13)First Lien Term Loan
S + 5.25%
10.39 %3/31/20288,461 8,417 8,461 1.52 %
See Notes to Consolidated Financial Statements
16

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Technical Safety Services(13)First Lien Term Loan
S + 4.50%
9.77 %6/22/20296,806 6,747 6,689 1.20 %
Technical Safety Services (Delayed Draw)(11) (17)First Lien Term Loan
S + 4.50%
9.77 %6/22/20293,117 2,075 2,048 0.37 %
TouchTunes Interactive(6) (13)First Lien Term Loan
S + 5.00%
10.27 %4/2/20299,925 9,839 9,815 1.76 %
Transit Buyer LLC (dba“Propark”)(13)First Lien Term Loan
S + 6.25%
11.64 %1/31/20296,858 6,732 6,729 1.21 %
Transit Buyer LLC (dba“Propark”) (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.25%
11.64 %1/31/20293,125 (58)(59)(0.01 %)
Trilon Group, LLC(13)First Lien Term Loan
S + 6.25%
11.52 %5/28/20292,993 2,972 2,903 0.52 %
Trilon Group, LLC(13)First Lien Term Loan
S + 6.25%
11.52 %5/27/20297,444 7,380 7,220 1.30 %
Trilon Group, LLC (Delayed Draw)(17)First Lien Term Loan
S + 6.25%
11.52 %5/27/20297,463 7,463 7,238 1.30 %
Trilon Group, LLC (Delayed Draw)(17)First Lien Term Loan
S + 6.25%
11.52 %5/28/20291,995 1,995 1,935 0.35 %
Vital Records Control(6) (9) (13)First Lien Term Loan
S + 5.50%
10.64 %6/29/20274,606 4,563 4,477 0.80 %
Vital Records Control(9) (13)First Lien Term Loan
S + 5.75%
11.14 %6/29/2027152 150 149 0.03 %
Vital Records Control (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 5.75%
11.02 %6/29/2027184 167 166 0.03 %
Worldwide Clinical Trials Holdings Inc(6)First Lien Term Loan
S + 4.25%
9.52 %12/5/20243,838 3,829 3,838 0.69 %
Worldwide Clinical Trials Holdings Inc (Incremental)(6) (13)First Lien Term Loan
S + 4.25%
9.52 %12/5/20246,089 6,064 6,089 1.09 %
Total Services: Business281,695 275,673 49.45 %
Services: Consumer
ADPD Holdings, LLC (a/k/a NearU)(6) (9) (13) (17)First Lien Term Loan
S + 6.00%
11.39 %8/16/20288,495 8,495 8,242 1.49 %
ADPD Holdings, LLC (a/k/a NearU) (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 6.00%
11.39 %8/16/20281,577  (47)(0.01 %)
ADPD Holdings, LLC (a/k/a NearU) (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 6.00%
11.39 %8/16/20281,714  (51)(0.01 %)
All My Sons(6) (13)First Lien Term Loan
S + 4.75%
9.89 %10/25/20285,290 5,249 5,052 0.91 %
Allstar Holdings(17)Subordinated DebtN/A
10.00% (Cash) 3.00% (PIK)
4/26/20302,070 2,009 2,010 0.36 %
Allstar Holdings (Delayed Draw)(11) (17)Subordinated DebtN/A
10.00% (Cash) 3.00% (PIK)
4/26/20304,026 (59)(118)(0.02 %)
Apex Services Partners, LLC (Delayed Draw) (Incremental)(9) (17)First Lien Term Loan
S + 5.50%
10.77 %7/31/20254,963 4,962 4,963 0.89 %
Apex Services Partners, LLC (Incremental)(9) (13)First Lien Term Loan
S + 5.50%
10.77 %7/31/20254,963 4,927 4,963 0.89 %
Excel Fitness(6) (13)First Lien Term Loan
S + 5.25%
10.64 %4/27/20299,925 9,824 9,514 1.71 %
Fairway Lawns(17)Subordinated DebtN/A
8.00% (Cash) 5.00% (PIK)
5/17/20292,695 2,623 2,620 0.47 %
Fairway Lawns (Delayed Draw)(11) (17)Subordinated DebtN/A
8.00% (Cash) 5.00% (PIK)
5/17/20296,232 3,877 3,703 0.66 %
Legacy Service Partners, LLC (“LSP”)(13)First Lien Term Loan
  S + 6.50%
11.77 %1/9/202910,213 10,024 10,023 1.80 %
See Notes to Consolidated Financial Statements
17

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Legacy Service Partners, LLC (“LSP”) (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.50%
11.77 %1/9/20294,753 3,533 3,467 0.62 %
Liberty Buyer(9) (13)First Lien Term Loan
S + 5.50%
10.77 %6/15/20283,949 3,915 3,918 0.70 %
Liberty Buyer (Delayed Draw)(9) (11) (17)First Lien Term Loan
S + 5.50%
10.77 %6/15/2028746 297 291 0.05 %
NJEye LLC(6)First Lien Term Loan
S + 4.75%
10.14 %9/16/20245,368 5,352 5,263 0.94 %
NJEye LLC (Delayed Draw)(6)First Lien Term Loan
S + 4.75%
10.14 %9/16/2024703 703 690 0.12 %
NJEye LLC (Delayed Draw)(11) (17)First Lien Term Loan
S + 4.75%
10.14 %9/16/20241,373 882 857 0.15 %
NJEye LLC (Delayed Draw)(17)First Lien Term Loan
S + 4.75%
10.14 %9/16/2024895 895 877 0.16 %
North Haven Spartan US Holdco LLC(6)First Lien Term Loan
S + 6.25%
11.52 %6/6/20252,516 2,514 2,478 0.44 %
North Haven Spartan US Holdco LLC (Delayed Draw)(6)First Lien Term Loan
S + 6.25%
11.52 %6/6/2025218 218 215 0.04 %
One World Fitness PFF LLC(6)First Lien Term Loan
L + 5.25%
10.80 %11/26/20253,869 3,870 3,496 0.63 %
Total Services: Consumer74,110 72,426 12.99 %
Sovereign & Public Finance
LMI Consulting, LLC (LMI)(13)First Lien Term Loan
S + 6.50%
11.77 %7/18/20284,373 4,297 4,282 0.77 %
LMI Consulting, LLC (LMI) (Incremental)(6)First Lien Term Loan
S + 6.50%
11.77 %7/18/20284,963 4,963 4,859 0.87 %
Total Sovereign & Public Finance9,260 9,141 1.64 %
Telecommunications
BCM One(6) (13)First Lien Term Loan
S + 4.50%
9.89 %11/17/20276,106 6,106 5,909 1.06 %
BCM One (Delayed Draw)(6)First Lien Term Loan
S + 4.50%
9.77 %11/17/20271,836 1,836 1,777 0.32 %
Corbett Technology Solutions, Inc. ("CTSI")(6) (10) (13)First Lien Term Loan
S + 5.75%
11.02 %10/29/20275,785 5,743 5,659 1.02 %
Corbett Technology Solutions, Inc. ("CTSI") (Delayed Draw)(6) (10) (13)First Lien Term Loan
S + 5.75%
11.02 %10/29/20274,065 4,064 3,976 0.71 %
Mobile Communications America, Inc.(6)First Lien Term Loan
S + 5.38%
10.65 %3/4/20253,836 3,841 3,823 0.69 %
Mobile Communications America, Inc.(13)First Lien Term Loan
S + 5.50%
10.77 %3/4/20254,281 4,220 4,241 0.76 %
Mobile Communications America, Inc. (Incremental)(6)First Lien Term Loan
S + 5.38%
10.65 %3/4/2025680 679 677 0.12 %
Momentum Telecom II(6) (9) (13)First Lien Term Loan
S + 5.75%
10.89 %4/16/202710,105 10,039 9,790 1.76 %
Sapphire Telecom Inc(6) (9)First Lien Term Loan
L + 5.25%
10.80 %11/20/20256,685 6,658 6,565 1.18 %
Tyto Athene, LLC(6) (13)First Lien Term Loan
S + 5.50%
10.77 %4/3/20287,157 7,103 6,541 1.17 %
Total Telecommunications50,289 48,958 8.79 %
See Notes to Consolidated Financial Statements
18

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
Transportation: Cargo
FSK Pallet Holding Corp. (DBA Kamps Pallets)(13)First Lien Term Loan
S + 5.50%
10.77 %12/23/20269,925 9,753 9,698 1.75 %
Kenco Group, Inc.(13)First Lien Term Loan
S + 5.00%
10.27 %11/15/20298,541 8,384 8,421 1.51 %
Kenco Group, Inc. (Delayed Draw)(11) (17)First Lien Term Loan
S + 5.00%
10.27 %11/15/20291,416 (26)(20) %
Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental)(6) (9)First Lien Term Loan
S + 6.00%
11.27 %5/5/2025259 258 257 0.05 %
Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental)(9) (13)First Lien Term Loan
S + 5.50%
10.77 %5/5/2025899 895 885 0.16 %
Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental)(6) (9)First Lien Term Loan
S + 6.00%
11.27 %5/5/2025182 181 181 0.03 %
Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental)(6) (9)First Lien Term Loan
S + 6.00%
11.27 %5/5/20254,390 4,369 4,359 0.78 %
Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental)(9) (13)First Lien Term Loan
S + 6.00%
11.27 %5/5/20251,366 1,345 1,356 0.24 %
SEKO Global Logistics(17)Subordinated Debt
L + 9.00%
14.55 %6/30/20275,805 5,726 5,805 1.04 %
SEKO Global Logistics(17)Subordinated Debt
L + 9.00%
14.55 %6/30/20274,029 3,970 4,029 0.72 %
SEKO Global Logistics(6)First Lien Term Loan
S + 4.75%
10.02 %12/30/20261,131 1,123 1,118 0.20 %
SEKO Global Logistics (Delayed Draw) (Incremental)(11) (17)First Lien Term Loan
L + 4.75%
10.30 %12/30/20264,507 1,694 1,643 0.29 %
SEKO Global Logistics (Incremental)(13)First Lien Term Loan
S + 4.75%
10.02 %12/30/20261,525 1,513 1,508 0.27 %
TI ACQUISITION NC LLC(6)First Lien Term Loan
S + 4.50%
9.77 %3/19/20272,795 2,726 2,664 0.48 %
Total Transportation: Cargo41,911 41,904 7.52 %
Utilities: Electric
Pinnacle Supply Partners, LLC(13)First Lien Term Loan
S + 6.00%
0.11274/3/20306,364 6,240 6,241 1.12 %
Pinnacle Supply Partners, LLC (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.00%
0.11274/3/20303,636 (34)(70)(0.01 %)
TPC Wire & Cable(17)Subordinated DebtN/A
10.00% (Cash) 1.00% (PIK)
2/16/20282,205 2,184 2,147 0.39 %
TPC Wire & Cable (Delayed Draw)(11) (17)Subordinated DebtN/A
10.00% (Cash) 1.00% (PIK)
2/16/20281,780 1,774 1,733 0.31 %
Total Utilities: Electric10,164 10,051 1.81 %
Wholesale
INS Intermediate II, LLC (Ergotech Controls, Inc. – d/b/a INS)(13)First Lien Term Loan
S + 6.50%
11.77 %1/19/20298,001 7,853 7,852 1.42 %
INS Intermediate II, LLC (Ergotech Controls, Inc. – d/b/a INS) (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.50%
11.77 %1/19/20291,979 (37)(37)(0.01 %)
ISG Merger Sub, LLC (dba Industrial Service Group)(13)First Lien Term Loan
S + 6.25%
11.52 %12/7/20286,558 6,436 6,437 1.15 %
See Notes to Consolidated Financial Statements
19

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar Amount Amortized Cost
Fair Value (4)
% of Net Assets (5)
ISG Merger Sub, LLC (dba Industrial Service Group) (Delayed Draw)(11) (17)First Lien Term Loan
S + 6.25%
11.52 %12/7/20283,409 (15)(63)(0.01 %)
Total Wholesale14,237 14,189 2.55 %
Total Debt Investments1,372,866 1,325,863 237.82 %
    
Portfolio Company (1) (2)
FootnotesInvestmentAcquisition DateShares/UnitsAmortized Cost
Fair Value (4)
% of Net Assets (5)
Equity Investments
Automotive
Covercraft(8) (14) (17)Equity Investments8/20/2021768 768 516 0.10 %
S&S Truck Parts(8) (14) (17)Equity Investments3/31/20224 378 302 0.05 %
S&S Truck Parts(8) (14) (17)Equity Investments8/1/202278,541 79 63 0.01 %
Total Automotive1,225 881 0.16 %
Beverage, Food & Tobacco
Bardstown PPC Holdings LLC(8) (14) (17)Equity Investments7/13/202214,777 1,860 2,169 0.39 %
Fresh Edge - Common(8) (14) (17)Class B Units10/3/2022667  79 0.01 %
Fresh Edge - Preferred(8) (14) (17)Preferred Units10/3/2022667 667 717 0.13 %
Total Beverage, Food & Tobacco2,527 2,965 0.53 %
Capital Equipment
Crete Mechanical Group(8) (14) (17)Equity Investments5/19/202223 230 347 0.06 %
EFC Holdings, LLC(8) (10) (14) (17)Common Units3/1/2023148 60 64 0.01 %
EFC Holdings, LLC(8) (10) (14) (17)Preferred Units3/1/2023148 148 152 0.03 %
Precision Surfacing - Common(8) (10) (14) (17)Preferred Units10/5/20223,750,000 3,750 6,675 1.20 %
Repipe Specialists(8) (14) (17)Equity Investments3/31/2022239 239 185 0.03 %
Total Capital Equipment4,427 7,423 1.33 %
Construction & Building
Erie Construction(8) (17)Equity Investments7/30/2021166 166 583 0.10 %
See Notes to Consolidated Financial Statements
20

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestmentAcquisition DateShares/UnitsAmortized Cost
Fair Value (4)
% of Net Assets (5)
Gannett Fleming(8) (14) (17)Limited Partnership Interest12/20/2022424,742 425 423 0.08 %
Gannett Fleming(8) (14) (17)Series F Units5/27/2023569,505 570 567 0.10 %
Total Construction & Building1,161 1,573 0.28 %
Consumer Goods: Non-durable
FoodScience(8) (14) (17)Equity Investments3/1/202198 98 27  %
FoodScience(8) (14) (17)Equity Investments3/1/20215,168 5   %
Ultima Health Holdings, LLC(8) (14) (17)Preferred Units9/12/202215 170 154 0.03 %
Total Consumer Goods: Non-durable273 181 0.03 %
Containers, Packaging & Glass
Oliver Packaging(8) (14) (17)Class A Common Units7/12/202210,230 1,023 955 0.17 %
Specialized Packaging Group(7) (8) (10) (14) (17)Class A Common Units12/17/2020147,708 148 148 0.03 %
Total Containers, Packaging & Glass1,171 1,103 0.20 %
Healthcare & Pharmaceuticals
AG MDC Holdings, Inc(8) (10) (14) (17)Equity Investments2/7/2023245 245 248 0.05 %
Anne Arundel(8) (14) (17)Equity Investments10/16/202010,061 816 509 0.09 %
Health Management Associates(8) (14) (17)Class A Common Units3/31/2023399,904 400 443 0.08 %
Total Healthcare & Pharmaceuticals1,461 1,200 0.22 %
High Tech Industries
ITSavvy LLC(8) (14) (17)Class A Common Units8/8/2022522 522 796 0.14 %
Solve Industrial Motion Group(8) (14) (17)Equity Investments6/30/2021313 313 264 0.05 %
Total High Tech Industries835 1,060 0.19 %
Services: Business
Apex Companies Holdings, LLC(8) (10) (14) (17)Equity Investments1/31/20231,173 117 121 0.02 %
BroadcastMed Holdco, LLC(8) (17)Preferred Units10/4/202256,899 853 812 0.15 %
Career Now(8) (14) (17)Equity Investments9/30/2021624 624 379 0.07 %
E78(8) (14) (17)Equity Investments12/1/2021816 860 1,043 0.19 %
RoadOne - Common(8) (14) (17)Equity Investments12/29/20221,173,220 938 1,635 0.29 %
Total Services: Business3,392 3,990 0.72 %
See Notes to Consolidated Financial Statements
21

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

Portfolio Company (1) (2)
FootnotesInvestmentAcquisition DateShares/UnitsAmortized Cost
Fair Value (4)
% of Net Assets (5)
Services: Consumer
ADPD Holdings, LLC (a/k/a NearU)(8) (14) (17)Equity Investments8/11/20222,432 243 223 0.04 %
Legacy Service Partners, LLC (“LSP”)(8) (14) (17)Class B Units1/9/20234,907 491 497 0.09 %
Total Services: Consumer734 720 0.13 %
Sovereign & Public Finance
LMI Renaissance(8) (14) (17)Limited Partnership Interest6/30/2022648,627 649 1,269 0.23 %
Total Sovereign & Public Finance649 1,269 0.23 %
Transportation: Cargo
SEKO Global Logistics(8) (17)Equity Investments12/30/2020671,203 332 2,249 0.40 %
Total Transportation: Cargo332 2,249 0.40 %
Utilities: Electric
Pinnacle Supply Partners, LLC(8) (14) (17)Subject Partnership Units4/3/2023279,687 280 280 0.05 %
Total Utilities: Electric280 280 0.05 %
Total Equity Investments18,467 24,894 4.47 %
Cash equivalents(12)35,350 35,350 6.34 %
Total Investments and Cash Equivalents$1,426,683 $1,386,107 248.63 %
_______________
(1)All investments are non-controlled/non-affiliated investments as defined by the Investment Company Act of 1940, as amended (the "1940 Act"). The 1940 Act classifies investments based on the level of control that the Company maintains in a particular portfolio company. As defined in the 1940 Act, a portfolio company is generally presumed to be “non-controlled” when the Company owns 25% or less of the portfolio company’s voting securities and “controlled” when the Company owns more than 25% of the portfolio company’s voting securities. The 1940 Act also classifies investments further based on the level of ownership that the Company maintains in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when the Company owns less than 5% of a portfolio company’s voting securities and “affiliated” when the Company owns 5% or more of a portfolio company’s voting securities.
(2)Unless otherwise indicated, issuers of debt and equity held by the Company are domiciled in the United States.
(3)The majority of the investments bear interest at rates that may be determined by reference to Secured Overnight Financing Rate ("SOFR" or "S"), which reset monthly or quarterly. For each such investment, the Company has provided the spread over SOFR and LIBOR and the current contractual interest rate in effect at June 30, 2023. As of June 30, 2023, rate for 1M S, 3M S, 6M S, 12M S ("SOFR") are 5.14%, 5.27%, 5.39%, and 5.40% respectively. As of June 30, 2023, effective rates for 1M L, 3M L, 6M L and 12M L are 5.22%, 5.55%, 5.76% and 6.04% respectively. For portfolio companies with multiple interest rate contracts, the interest rate shown is a weighted average current interest rate in effect as of June 30, 2023. Certain investments are subject to a SOFR or LIBOR floor. For fixed rate loans, a spread above a reference rate is not applicable.
(4)Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 3 "Fair Value Measurements" for more information.
(5)Percentage is based on net assets of $557,497 as of June 30, 2023.
See Notes to Consolidated Financial Statements
22

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)
June 30, 2023
(dollar amounts in thousands)

(6)Denotes that all or a portion of the assets are owned by CLO-I (as defined in the Notes), which serve as collateral for the 2022 Debt Securitization (as defined in the Notes). See Note 5 "Secured Debt".
(7)This portfolio company is not domiciled in the United States. The principal place of business for Specialized Packing Group and Phaidon International is Canada and the United Kingdom, respectively.
(8)Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be a “restricted security” under the Securities Act. As of June 30, 2023, the Company held thirty-four restricted securities with an aggregate fair value of $24,894, or 4.47% of the Company’s net assets.
(9)Investment is a unitranche position.
(10)The investment is considered as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company cannot acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company's total assets. As of June 30, 2023, total non-qualifying assets at fair value represented 3.26% of the Company's total assets calculated in accordance with the 1940 Act.
(11)Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion. See Note 6 "Commitments and Contingencies". The investment may be subject to unused commitment fees.
(12)Cash equivalents balance represents amounts held in interest-bearing money market funds issued by U.S. Bank National Association and J.P. Morgan.
(13)Denotes that all or a portion of the assets are owned by SPV II and/or SPV III (each as defined in Note 1 "Organization"). SPV II has entered into a senior secured revolving credit facility (the “SMBC Financing Facility”). The lenders of the SMBC Financing Facility have a first lien security interest in substantially all of the assets of SPV II. Accordingly, such assets are not available to other creditors of the Company. SPV III has entered into a senior secured revolving credit facility (the “Wells Fargo Financing Facility”). The lenders of the Wells Fargo Financing Facility have a first lien security interest in substantially all of the assets of SPV III. Accordingly, such assets are not available to other creditors of the Company.
(14)Equity investments are non-income producing securities unless otherwise noted.
(15)Investments valued using observable inputs (Level 2). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 3 "Fair Value Measurements" for more information.
(16)Loan was on non-accrual status as of June 30, 2023.
(17)Denotes that all or a portion of the assets are owned by the Company or NCDL Equity Holdings (each as defined in Note 1 "Organization"). The Company entered into a senior secured revolving credit agreement (the “Revolving Credit Facility”). The Revolving Credit Facility is guaranteed by NCDL Equity Holdings and will be guaranteed by certain subsidiaries of the Company that are formed or acquired by the Company in the future.

See Notes to Consolidated Financial Statements
23

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2022
(dollar amounts in thousands, including share data)
Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar AmountAmortized Cost
Fair Value (4)
% of Net Assets (5)
Investments
Debt Investments
Aerospace & Defense
AEgis Technologies(6) (13)First Lien Term Loan
L + 6.00%
10.77 %10/31/2025$14,807 $14,700 $14,375 2.74 %
Arotech(6) (13)First Lien Term Loan
L + 6.25%
10.64 %10/22/20269,297 9,200 8,614 1.64 %
Arotech (Delayed Draw)(6) (13)First Lien Term Loan
L + 6.25%
11.02 %10/22/2026452 450 419 0.08 %
Loc Performance Products(6) (13)First Lien Term Loan
S + 5.25%
9.84 %12/22/20267,350 7,272 6,954 1.33 %
ValkyrieSubordinated DebtN/A
10.50% (Cash) 1.00% (PIK)
11/17/20272,808 2,754 2,748 0.52 %
Total Aerospace & Defense34,376 33,110 6.31 %
Automotive
American Auto Auction Group(6) (13) (15)First Lien Term Loan
S + 5.00%
9.59 %12/30/202710,627 10,533 8,348 1.59 %
Classic Collision (Delayed Draw) (Incremental)(6) (11) (13)First Lien Term Loan
L + 5.75%
10.89 %1/14/20267,010 6,293 6,093 1.16 %
Classic Collision (Incremental)(6) (9) (13)First Lien Term Loan
L + 5.75%
10.89 %1/14/20267,830 7,766 7,607 1.45 %
Collision Right(13)First Lien Term Loan
S + 4.75%
9.34 %4/14/20284,838 4,808 4,733 0.90 %
Collision Right (Delayed Draw)(11)First Lien Term Loan
S + 4.75%
9.34 %4/14/2028506 (4)(11) %
CovercraftSubordinated DebtN/A
10.00% (Cash) 0.75% (PIK)
2/21/20287,422 7,299 7,167 1.37 %
Covercraft (Delayed Draw)(11)Subordinated DebtN/A
10.00% (Cash) 0.75% (PIK)
2/21/20284,386  (150)(0.03 %)
JEGS Automotive(6)First Lien Term Loan
L + 6.00%
10.77 %12/22/20274,029 3,995 3,773 0.72 %
JEGS Automotive (Delayed Draw)(11)First Lien Term Loan
L + 5.75%
10.52 %12/22/2027930  (59)(0.01 %)
OEP Glass Purchaser(6) (13)First Lien Term Loan
S + 5.25%
9.84 %4/18/202814,888 14,751 14,443 2.75 %
Randys Holdings, Inc(9) (13)First Lien Term Loan
S + 6.50%
11.09 %11/1/202811,250 11,028 11,031 2.10 %
Randys Holdings, Inc (Delayed Draw)(9) (11)First Lien Term Loan
S + 6.50%
11.09 %11/1/20283,750  (73)(0.01 %)
S&S Truck Parts(6) (13)First Lien Term Loan
S + 4.75%
9.34 %3/1/20296,928 6,865 6,890 1.31 %
S&S Truck Parts(13)First Lien Term Loan
S + 4.75%
9.11 %3/1/20291,171 1,160 1,164 0.22 %
S&S Truck Parts (Delayed Draw)(11)First Lien Term Loan
S + 4.75%
9.34 %3/1/202998  (1) %
S&S Truck Parts (Delayed Draw)(11)First Lien Term Loan
S + 4.75%
9.11 %3/1/20291,740 1,592 1,583 0.30 %
Total Automotive76,086 72,538 13.82 %
See Notes to Consolidated Financial Statements
24

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2022
(dollar amounts in thousands, including share data)
Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar AmountAmortized Cost
Fair Value (4)
% of Net Assets (5)
Banking, Finance, Insurance, Real Estate
Allied Benefit Systems(6) (13)First Lien Term Loan
S + 4.50%
9.09 %11/18/20265,991 5,951 5,889 1.12 %
Bankruptcy Management Solutions Inc(6)First Lien Term Loan
S + 4.50%
8.86 %2/28/20253,850 3,869 3,824 0.73 %
Coding Solutions Acquisitions(6) (9) (13)First Lien Term Loan
S + 5.50%
9.86 %5/11/20286,497 6,436 6,367 1.21 %
Coding Solutions Acquisitions (Delayed Draw)(9) (11)First Lien Term Loan
S + 5.75%
10.11 %5/11/20281,967  (39)(0.01 %)
Long Term Care Group(6) (9) (13)First Lien Term Loan
L + 6.00%
10.39 %9/8/20276,654 6,598 6,521 1.25 %
Patriot Growth Insurance Service (Delayed Draw) (Incremental)(9) (11)First Lien Term Loan
L + 5.75%
10.52 %10/14/20287,199 450 319 0.06 %
Risk Strategies (Delayed Draw)(9) (11)First Lien Term Loan
S + 5.50%
10.09 %11/1/202611,045 332 145 0.03 %
Risk Strategies (Delayed Draw)(9)First Lien Term Loan
S + 5.50%
10.09 %11/1/20263,945 3,945 3,839 0.73 %
Vensure Employer Services(6) (13)First Lien Term Loan
S + 4.75%
9.34 %3/26/202714,806 14,754 14,486 2.76 %
World Insurance Associates(6) (9) (13)First Lien Term Loan
S + 5.75%
10.34 %4/1/20261,981 1,965 1,912 0.36 %
World Insurance Associates (Delayed Draw)(9) (11)First Lien Term Loan
S + 5.75%
10.34 %4/1/20265,005 2,472 2,298 0.44 %
World Insurance Associates (Delayed Draw)(9)First Lien Term Loan
 S + 5.75%
10.34 %4/1/20268,000 8,000 7,721 1.47 %
Total Banking, Finance, Insurance, Real Estate54,772 53,282 10.15 %
Beverage, Food & Tobacco
Bardstown PPC Holdings LLCSubordinated Debt
S + 7.75%
12.34 %8/30/20279,300 9,125 9,216 1.76 %
Death Wish Coffee(6) (9) (13)First Lien Term Loan
L + 4.75%
9.52 %9/28/20279,900 9,819 9,832 1.87 %
Dessert Holdings(6)Subordinated Debt
L + 7.25%
12.02 %6/8/20299,000 8,860 8,325 1.59 %
Fresh EdgeSubordinated Debt
S + 9.00%
13.36 %4/3/20293,770 3,679 3,679 0.70 %
GA Foods(13) (16)First Lien Term Loan
L + 5.50%
9.77% (Cash) 0.50% (PIK)
12/1/202614,781 14,676 8,898 1.69 %
Handgards(6) (13)First Lien Term Loan
L + 7.00%
11.77 %10/14/202614,663 14,466 14,663 2.79 %
KSLB Holdings LLC(13)First Lien Term Loan
L + 4.50%
8.89 %7/30/20252,888 2,867 2,633 0.50 %
Rise Baking(6) (9) (13)First Lien Term Loan
L + 6.50%
11.27 %8/13/202714,850 14,672 13,769 2.62 %
Watermill Express, LLC(6) (9) (13)First Lien Term Loan
L + 5.50%
10.27 %4/20/20273,290 3,264 3,225 0.62 %
Watermill Express, LLC (Delayed Draw)(9) (11)First Lien Term Loan
L + 5.50%
10.27 %4/20/2027318 197 191 0.04 %
Total Beverage, Food & Tobacco81,625 74,431 14.18 %
See Notes to Consolidated Financial Statements
25

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2022
(dollar amounts in thousands, including share data)
Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar AmountAmortized Cost
Fair Value (4)
% of Net Assets (5)
Capital Equipment
Blackbird Purchaser Inc.(6) (13)First Lien Term Loan
L +4.50%
8.89 %4/8/20267,201 7,159 7,018 1.34 %
Blackbird Purchaser Inc. (Delayed Draw)(11)First Lien Term Loan
L +4.50%
8.89 %4/8/20262,709 (22)(69)(0.01 %)
Crete Mechanical Group(6) (13)First Lien Term Loan
S +5.25%
9.84 %5/19/20284,872 4,825 4,785 0.91 %
Crete Mechanical Group (Delayed Draw)(6)First Lien Term Loan
S + 5.25%
9.84 %5/19/20282,875 2,828 2,824 0.54 %
Crete Mechanical Group (Delayed Draw)(11)First Lien Term Loan
S + 5.00%
9.59 %5/19/20287,211 4,484 4,356 0.83 %
Heartland Home Services(6) (9) (13)First Lien Term Loan
L +6.00%
10.39 %12/15/20266,534 6,486 6,368 1.21 %
Heartland Home Services (Delayed Draw)(6) (9) (13)First Lien Term Loan
L + 6.00%
10.39 %12/15/20265,665 5,642 5,521 1.05 %
Heartland Home Services (Delayed Draw)(6) (9) (13)First Lien Term Loan
L + 6.00%
10.39 %12/15/20262,598 2,598 2,532 0.48 %
PT Intermediate Holdings III, LLC(6) (9) (13)First Lien Term Loan
L + 5.50%
10.27 %11/1/20288,824 8,790 8,624 1.64 %
PT Intermediate Holdings III, LLC (Incremental)(6) (9) (13)First Lien Term Loan
L + 5.50%
10.27 %11/1/20281,079 1,069 1,054 0.20 %
Repipe SpecialistsSubordinated DebtN/A
10.00% (Cash) 1.00% (PIK)
3/18/20292,408 2,364 2,292 0.44 %
Repipe Specialists (Delayed Draw)(11)Subordinated DebtN/A
10.00% (Cash) 1.00% (PIK)
3/18/2029900  (44)(0.01 %)
Total Capital Equipment46,223 45,261 8.62 %
Chemicals, Plastics, & Rubber
Ascensus(9)Subordinated Debt
L + 6.50%
11.27 %8/2/20299,000 8,929 8,447 1.61 %
Ascensus Specialties(6) (9) (13)First Lien Term Loan
L + 4.25%
8.64 %6/30/20289,831 9,669 9,504 1.81 %
Boulder Scientific Company LLC(6)First Lien Term Loan
L + 4.25%
9.02 %12/29/20252,088 2,098 2,061 0.39 %
Spartech(6) (9) (13)First Lien Term Loan
L + 4.75%
9.52 %5/8/202814,919 14,837 14,517 2.77 %
Total Chemicals, Plastics, & Rubber35,533 34,529 6.58 %
Construction & Building
Erie Construction(6) (13)First Lien Term Loan
S + 4.75%
9.53 %7/30/202710,702 10,612 10,702 2.04 %
Gannett Fleming(13)First Lien Term Loan
S + 6.50%
11.09 %12/20/202810,000 9,801 9,801 1.87 %
Sciens Building Solutions, LLC(6) (9) (13)First Lien Term Loan
L + 5.75%
10.52 %12/15/20279,410 9,250 8,917 1.70 %
Sciens Building Solutions, LLC (Delayed Draw)(6) (9) (11) (13)First Lien Term Loan
L + 5.75%
10.52 %12/15/20274,938 1,594 1,377 0.26 %
Total Construction & Building31,257 30,797 5.87 %
See Notes to Consolidated Financial Statements
26

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2022
(dollar amounts in thousands, including share data)
Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar AmountAmortized Cost
Fair Value (4)
% of Net Assets (5)
Consumer Goods: Durable
Halo Buyer Inc(6) (15)First Lien Term Loan
L + 4.50%
8.89 %6/30/20255,728 5,686 5,062 0.97 %
Petmate(6) (9) (13)First Lien Term Loan
L + 5.50%
10.27 %9/15/20289,900 9,815 7,951 1.51 %
Xpressmyself.com LLC (a/k/a SmartSign)(13)First Lien Term Loan
S + 5.00%
9.59 %9/7/20289,975 9,881 9,881 1.88 %
Total Consumer Goods: Durable25,382 22,894 4.36 %
Consumer Goods: Non-durable
Arcadia Consumer Health(6) (9) (13)First Lien Term Loan
S + 4.75%
9.11 %9/10/202712,733 12,628 12,609 2.40 %
Badger Sportswear Acquisition Inc(6)First Lien Term Loan
L + 4.50%
8.89 %12/24/20233,842 3,816 3,746 0.71 %
Elevation Labs(13)First Lien Term Loan
S + 5.25%
9.84 %6/30/20286,858 6,793 6,784 1.29 %
Elevation Labs (Delayed Draw)(11)First Lien Term Loan
S + 5.25%
9.84 %6/30/20283,125 (29)(34)(0.01 %)
FoodScience(6) (13)First Lien Term Loan
L + 4.75%
9.52 %3/1/20277,823 7,762 7,055 1.35 %
FoodScience(6) (13)First Lien Term Loan
L + 4.75%
9.52 %3/1/20276,951 6,897 6,269 1.20 %
Market Performance Group(6) (13)First Lien Term Loan
L + 5.75%
10.52 %12/29/20262,531 2,510 2,531 0.48 %
Market Performance Group(6) (13)First Lien Term Loan
L + 5.75%
10.52 %12/29/20267,350 7,324 7,350 1.40 %
Ultima Health Holdings, LLCSubordinated DebtN/A
11.00% (Cash) 1.50% (PIK)
3/12/20291,708 1,676 1,671 0.32 %
Total Consumer Goods: Non-durable49,377 47,981 9.14 %
Containers, Packaging & Glass
B2B Packaging(6) (13)First Lien Term Loan
S + 6.75%
11.34 %10/7/202612,613 12,571 12,313 2.35 %
B2B Packaging (Delayed Draw)(13)First Lien Term Loan
S + 6.75%
11.53 %10/7/20262,232 2,232 2,179 0.41 %
B2B Packaging (Delayed Draw)(6)First Lien Term Loan
S + 6.75%
11.34 %10/7/2026118 115 115 0.02 %
Five Star Packing(6) (13)First Lien Term Loan
S + 4.25%
9.03 %5/5/20297,653 7,545 7,516 1.43 %
Good2Grow(6) (13)First Lien Term Loan
L + 4.50%
9.27 %12/1/20279,925 9,842 9,720 1.85 %
Oliver PackagingSubordinated DebtN/A
10.00% (Cash) 1.00% (PIK)
1/6/20292,523 2,476 2,395 0.46 %
Specialized Packaging Group(6) (7) (10) (13)First Lien Term Loan
L + 5.50%
10.64 %12/17/20253,013 2,992 2,995 0.57 %
Specialized Packaging Group(6) (7) (10) (13)First Lien Term Loan
L + 5.50%
10.64 %12/17/20257,350 7,301 7,304 1.39 %
Total Containers, Packaging & Glass45,074 44,537 8.48 %
See Notes to Consolidated Financial Statements
27

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2022
(dollar amounts in thousands, including share data)
Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar AmountAmortized Cost
Fair Value (4)
% of Net Assets (5)
Environmental Industries
Cadmus(6)First Lien Term Loan
S + 5.25%
9.84 %9/14/20273,292 3,266 3,208 0.61 %
Cadmus (Delayed Draw)(11)First Lien Term Loan
L + 5.25%
9.64 %9/14/20271,663 1,152 1,110 0.21 %
Nutrition 101 Buyer LLC (a/k/a 101, Inc.)(13)First Lien Term Loan
S + 5.25%
9.61 %8/31/20286,715 6,651 6,649 1.27 %
The Facilities Group(6) (9) (13)First Lien Term Loan
L + 5.75%
10.14 %11/30/20274,922 4,879 4,810 0.92 %
The Facilities Group (Delayed Draw)(6) (9) (11) (13)First Lien Term Loan
L + 5.75%
10.52 %11/30/20274,996 4,114 4,001 0.76 %
Total Environmental Industries20,062 19,778 3.77 %
Healthcare & Pharmaceuticals
Affinity Hospice(6) (13)First Lien Term Loan
L + 4.75%
9.52 %12/17/20277,953 7,885 7,731 1.47 %
Affinity Hospice (Delayed Draw)(11)First Lien Term Loan
L + 4.75%
9.52 %12/17/20271,981  (55)(0.01 %)
Anne ArundelSubordinated DebtN/A
12.75% (PIK)
10/16/20262,888 2,838 2,688 0.51 %
Anne ArundelSubordinated DebtN/A11.00 %4/16/20261,838 1,815 1,734 0.33 %
Anne Arundel (Delayed Draw)(11)Subordinated DebtN/A11.00 %4/16/20262,258 1,880 1,730 0.33 %
Forefront Dermatology(6) (9) (13)First Lien Term Loan
S + 4.25%
8.61 %4/2/20295,360 5,259 5,222 0.99 %
Forefront Dermatology (Delayed Draw)(9) (11)First Lien Term Loan
S + 4.25%
8.61 %4/2/20291,007 895 869 0.17 %
Genesee Scientific(6) (9)First Lien Term Loan
L + 5.00%
9.77 %9/30/20276,019 5,971 5,897 1.12 %
Genesee Scientific (Delayed Draw)(9) (11)First Lien Term Loan
L + 5.50%
10.27 %9/30/20272,027  (41)(0.01 %)
GHR Healthcare(6) (9)First Lien Term Loan
S + 4.75%
9.34 %12/9/20276,467 6,411 6,467 1.23 %
GHR Healthcare (Delayed Draw)(6) (9) (11) (13)First Lien Term Loan
S + 4.75%
9.34 %12/9/20273,444 2,023 2,023 0.39 %
GHR Healthcare (Incremental)(9) (13)First Lien Term Loan
S + 4.75%
9.53 %12/9/20275,033 4,938 5,033 0.96 %
Heartland Veterinary Partners LLC (Incremental)Subordinated Debt
S + 7.50%
12.09 %12/10/20271,900 1,865 1,862 0.35 %
Heartland Veterinary Partners LLC (Incremental) (Delayed Draw)(11)Subordinated Debt
S + 7.50%
12.09 %12/10/20279,500  (190)(0.04 %)
InfuCare RX(6) (13)First Lien Term Loan
S + 4.50%
9.09 %1/4/20289,900 9,814 9,695 1.85 %
Midwest Eye Consultants(6) (13)First Lien Term Loan
S + 4.50%
9.09 %8/20/20279,113 9,039 8,579 1.63 %
PromptCare(6) (9) (13)First Lien Term Loan
L + 6.00%
10.39 %9/1/20278,288 8,169 8,031 1.53 %
PromptCare (Delayed Draw)(6) (9) (11) (13)First Lien Term Loan
L + 6.00%
10.39 %9/1/20273,025 777 711 0.14 %
Quorum Health Resources, LLC(6) (13)First Lien Term Loan
L + 5.25%
10.02 %5/28/20277,759 7,695 7,445 1.42 %
Sandlot Buyer, LLC (Prime Time Healthcare)(13)First Lien Term Loan
S + 6.00%
10.78 %9/19/20289,875 9,587 9,589 1.83 %
See Notes to Consolidated Financial Statements
28

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2022
(dollar amounts in thousands, including share data)
Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar AmountAmortized Cost
Fair Value (4)
% of Net Assets (5)
SCP Eye Care Holdco, LLC (DBA EyeSouth Partners)(13)First Lien Term Loan
S + 5.75%
10.34 %10/5/20297,549 7,475 7,404 1.41 %
SCP Eye Care Holdco, LLC (DBA EyeSouth Partners) (Delayed Draw)(11)First Lien Term Loan
S + 5.75%
10.34 %10/5/20292,451  (47)(0.01 %)
SM Wellness Holdings, Inc(6) (13)First Lien Term Loan
L + 4.75%
9.52 %4/17/202814,815 14,704 14,254 2.72 %
Wellspring Pharmaceutical(13)First Lien Term Loan
S + 5.75%
10.53 %8/22/20283,413 3,348 3,350 0.64 %
Wellspring Pharmaceutical (Delayed Draw)(11)First Lien Term Loan
S + 5.75%
10.53 %8/22/20281,579 (11)(29)(0.01 %)
Total Healthcare & Pharmaceuticals112,377 109,952 20.94 %
High Tech Industries
Argano, LLC(6) (13)First Lien Term Loan
S + 5.50%
9.86 %6/10/20265,691 5,648 5,508 1.05 %
Argano, LLC (Delayed Draw)(6) (13)First Lien Term Loan
S + 5.50%
9.86 %6/10/20262,520 2,520 2,439 0.47 %
Argano, LLC (Delayed Draw) (Incremental)(6)First Lien Term Loan
S + 5.50%
9.86 %6/10/20261,722 1,683 1,666 0.32 %
Diligent Corporation(6) (9)First Lien Term Loan
L + 6.25%
11.39 %8/4/202512,599 12,570 12,136 2.31 %
Diligent Corporation(9) (13)First Lien Term Loan
L + 5.75%
10.52 %8/4/20253,422 3,399 3,269 0.62 %
Diligent Corporation(9) (13)First Lien Term Loan
L + 5.75%
10.89 %8/4/20251,491 1,481 1,425 0.27 %
Diligent Corporation (Delayed Draw)(9)First Lien Term Loan
L + 6.25%
11.02 %8/4/2025170 170 163 0.03 %
Diligent Corporation (Delayed Draw)(9)First Lien Term Loan
L + 6.25%
11.02 %8/4/2025107 107 103 0.02 %
Eliassen Group LLC(6) (9) (13)First Lien Term Loan
S + 5.75%
10.34 %4/14/202812,192 12,080 12,021 2.29 %
Eliassen Group LLC (Delayed Draw)(9) (11)First Lien Term Loan
S + 5.75%
10.34 %4/14/20282,777 409 377 0.07 %
Exterro(6) (9) (13)First Lien Term Loan
L + 5.50%
10.27 %5/31/20249,474 9,435 9,474 1.81 %
Fineline MergerSubordinated Debt
L + 8.75%
13.52 %8/22/20282,941 2,905 2,926 0.56 %
Go Engineer(6) (9) (13)First Lien Term Loan
S + 5.63%
10.21 %12/21/202711,690 11,590 11,260 2.14 %
Go Engineer (Delayed Draw)(9)First Lien Term Loan
S + 5.63%
9.98 %12/21/20273,184 3,157 3,066 0.58 %
Infobase Acquisition, Inc.(13)First Lien Term Loan
S + 5.50%
10.09 %6/14/20284,375 4,334 4,319 0.82 %
Infobase Acquisition, Inc. (Delayed Draw)(11)First Lien Term Loan
S + 5.50%
10.09 %6/14/2028721  (9) %
ITSavvy LLC(6) (13)First Lien Term Loan
S + 5.25%
10.03 %8/8/20287,873 7,797 7,871 1.50 %
ITSavvy LLC (Delayed Draw)(11)First Lien Term Loan
S + 5.50%
10.09 %8/8/20282,107 (20)  %
North Haven CS Acquisition Inc(6)First Lien Term Loan
L + 5.25%
10.02 %1/23/20255,857 5,857 5,857 1.12 %
Northern Star Industries Inc(6)First Lien Term Loan
L + 4.50%
8.89 %3/28/20253,286 3,275 3,227 0.62 %
Prosci, Inc.(6)First Lien Term Loan
L + 4.50%
8.89 %10/21/20264,733 4,695 4,665 0.89 %
See Notes to Consolidated Financial Statements
29

NUVEEN CHURCHILL DIRECT LENDING CORP.
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2022
(dollar amounts in thousands, including share data)
Portfolio Company (1) (2)
FootnotesInvestment
Spread Above Reference Rate (3)
Interest Rate (3)
Maturity DatePar AmountAmortized Cost
Fair Value (4)
% of Net Assets (5)
Revalize (Delayed Draw)(9) (13)First Lien Term Loan
S + 5.75%
10.34 %4/15/20274,286 4,273 3,985 0.76 %
Revalize (Delayed Draw)(6) (9)First Lien Term Loan
S + 5.75%
10.34 %4/15/20271,101 1,092 1,023 0.19 %
Revalize (Delayed Draw)(9)First Lien Term Loan
S + 5.75%
10.34 %4/15/2027244 243 227 0.04 %
SmartWave(6) (13)First Lien Term Loan
L + 6.00%
10.77 %11/5/20269,309 9,223 8,116 1.55 %
Solve Industrial Motion GroupSubordinated DebtN/A10.75 %6/28/20281,763 1,732 1,669 0.32 %
Solve Industrial Motion Group (Delayed Draw)Subordinated DebtN/A10.75 %6/28/20282,019 2,019 1,912 0.36 %
Total High Tech Industries111,674 108,695 20.71 %
Media: Advertising, Printing & Publishing
Tinuiti(6) (9) (13)First Lien Term Loan
L + 4.50%
9.27 %12/10/20262,978 2,953 2,933 0.56 %
Tinuiti (Delayed Draw)(6) (9) (13)First Lien Term Loan
L + 4.50%
8.89 %12/10/20261,946 1,945 1,916 0.36 %
Tinuiti (Delayed Draw) (Incremental)(9) (11)First Lien Term Loan
L + 4.50%
9.27 %12/10/20269,963 5,935 5,781 1.10 %
Wpromote(13)First Lien Term Loan
S + 6.00%
10.36 %10/23/20284,412 4,325 4,326 0.83 %
Wpromote (Delayed Draw)(11)First Lien Term Loan
S + 6.00%
10.36 %10/23/2028588 (4)(11) %
Total Media: Advertising, Printing & Publishing15,154 14,945 2.85 %
Media: Diversified & Production
Corporate Visions(6) (13)First Lien Term Loan
L + 4.50%
8.89 %8/12/20272,916 2,893 2,842 0.54 %
Corporate Visions(6) (13)First Lien Term Loan
L + 4.50%
8.89 %8/12/20272,563 2,529 2,498 0.48 %
Spectrio II(6) (9) (13)First Lien Term Loan
L + 6.00%
10.77 %12/9/20268,123 8,067 7,784 1.48 %
Spectrio II (Delayed Draw)(6) (9) (13)First Lien Term Loan
L + 6.00%
10.77 %12/9/20262,886 2,866 2,765 0.53 %
Spectrio II (Delayed Draw)