Nuveen Churchill Direct Lending: 10.5% Yielding BDC In Our Buy Zone
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Nuveen Churchill Direct Lending, a newly IPO'd BDC, offers a 10.5% yield and trades at a 4.3% discount to NAV. It has a strong portfolio with 90.6% in first-lien loans, a solid balance sheet, no near-term debt maturities, and a leverage ratio below the sector median, indicating growth potential.
December 08, 2024 | 10:30 pm
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Nuveen Churchill Direct Lending, a newly IPO'd BDC, offers a 10.5% yield and trades at a 4.3% discount to NAV. It has a strong portfolio with 90.6% in first-lien loans, a solid balance sheet, no near-term debt maturities, and a leverage ratio below the sector median, indicating growth potential.
NCDL is a newly IPO'd BDC with strong fundamentals, including a high yield, discount to NAV, and a solid portfolio. Its focus on first-lien loans and a strong balance sheet with no near-term debt maturities suggest stability and growth potential, making it attractive to investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100