NCDL - Nuveen Churchill Direct Lending Corp Stock Price & Dividend Safety Sector: Financial Services | Exchange: New York Stock Exchange Current Price & Safety Score Price: 10.49 USD StockBonds Safety Grade: B- Altman Z-Score (Bankruptcy Risk): 0.43 StockBond Score: -1.96 Company Description Nuveen Churchill Direct Lending Corp NCDL initially formed as a Delaware limited liability company on March 13 2018 and subsequently restructured into a Maryland corporation on June 18 2019 prior to commencing its business activities operates as a closedend externally managed nondiversified investment company It has chosen to be regulated as a Business Development Company BDC under the Investment Company Act of 1940 as amended The firms principal investment goal is to generate appealing riskadjusted returns primarily through current income This is achieved by predominantly investing in senior secured loans provided to private equitybacked US middle market companies which NCDL identifies as enterprises with annual earnings before interest taxes depreciation and amortization EBITDA generally ranging from 100 million to 1000 million Its portfolio will largely comprise what it refers to as Senior Loans primarily consisting of privately originated firstlien senior secured debt and unitranche loans excluding lastout positions to these performing US middle market businesses Additionally the company selectively pursues Junior Capital Investments which include instruments such as secondlien loans subordinated debt lastout unitranche loan positions and various equityrelated securities