Following these purchases, Kencel's total holdings in Nuveen Churchill now amount to 46,824 shares. The transactions reflect Kencel's continued investment in the company, further aligning his interests with those of other shareholders. InvestingPro subscribers can access additional insights on insider trading patterns and 5+ more exclusive ProTips for NCDL. InvestingPro subscribers can access additional insights on insider trading patterns and 5+ more exclusive ProTips for NCDL.
Following these purchases, Kencel's total holdings in Nuveen Churchill now amount to 46,824 shares. The transactions reflect Kencel's continued investment in the company, further aligning his interests with those of other shareholders.
In other recent news, Nuveen Churchill Direct Lending Corp. has expanded its credit facility with Wells Fargo (NYSE:WFC) Bank, National Association, from $150 million to a notable $225 million. This financial modification, detailed in a recent SEC filing, signifies an enhancement in the company's lending capacity, allowing for an additional $75 million in capital. The Maryland-based collateral manager is also an equity investor in the Wells Fargo Financing Facility, which involves multiple lenders and issuing banks.
The expansion of the credit facility is a strategic move by Nuveen Churchill, potentially paving the way for an increase in its investment activities and portfolio of direct loans. The specifics of this amendment are laid out in an exhibit attached to the SEC filing. Although the company has undergone name changes in the past, it continues to operate out of its New York office. These developments highlight the company's recent efforts to increase available capital for further lending opportunities.
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