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Form 8-K Nuveen Churchill Private For: Oct 04

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October 6, 2022 3:29 PM EDT

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): October 4, 2022
 
Nuveen Churchill Private Capital Income Fund
(Exact name of registrant as specified in its charter)
 
Delaware
000-56412
88-6187397
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
         
430 Park Avenue, 14th Floor, New York, NY
 10022
(Address of Principal Executive Offices) (Zip Code)
  
Registrant’s telephone number, including area code: (212) 207-2003
 
Not Applicable
(Former name or former address, if changed since last report.)
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
  
Title of each class Trading Symbol(s) Name of each exchange on which registered
None N/A N/A
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
 
Emerging growth company ☑
 
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. ☐


Item 1.01    Entry into a Material Definitive Agreement
 
On October 4, 2022, NCPIF SPV I, LLC (“SPV I”), a wholly-owned subsidiary of Nuveen Churchill Private Capital Income Fund (the “Company”), entered into Amendment No. 1 to Credit Agreement (the “Amendment”), amending the Credit Agreement, dated as of April 19, 2022 (as amended by the Amendment, the “Credit Agreement”), by and among SPV I, as the borrower, the lenders party thereto, Bank of America, N.A., as administrative agent, the Company, as servicer, U.S. Bank Trust Company, National Association, as collateral administrator (in such capacity, the “Collateral Administrator”) and U.S. Bank National Association, as collateral custodian, relating to the revolving credit facility (the “Facility”).

The Amendment, among other things: (i) increases the maximum amount available under the Facility from $200 million to $250 million; and (ii) increases the rate to be paid from Daily SOFR +2.00 to Daily SOFR +2.15 with a “step up” on the one year anniversary of the Closing Date (as defined therein) increasing from Daily SOFR +2.15 to Daily SOFR +2.40, as reflected in that certain Amendment No. 1 to Credit Agreement. Advances under the Credit Agreement are secured by a pool of broadly-syndicated and middle-market loans subject to eligibility criteria and advance rates specified in the Credit Agreement. Advances under the Credit Agreement may be prepaid and reborrowed at any time during the Availability Period (as defined therein), and SPV I may terminate or reduce the facility amount subject to certain conditions.

The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to the copy of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference thereto.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information provided in Item 1.01 of this current report on Form 8-K is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.



SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Nuveen Churchill Private Capital Income Fund
  
   
Date: October 6, 2022By:/s/ Kenneth J. Kencel
  
Kenneth J. Kencel
Chief Executive Officer and President
 
 

ATTACHMENTS / EXHIBITS

EX-10.1


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