Financing ·
On July 9, 2026, Morgan Stanley Direct Lending Fund closed the issuance of $350.0 million in 6.100% senior unsecured…
MSDLMorgan Stanley Direct Lending Fund
On July 9, 2026, Morgan Stanley Direct Lending Fund closed the issuance of $350.0 million in 6.100% senior unsecured notes due July 15, 2031. The company received net proceeds of approximately $341.6 million, which it intends to use to repay outstanding secured indebtedness. To hedge the fixed interest rate, the company entered into interest rate swaps to receive 6.100% and pay SOFR + 2.1945% on the principal amount. The notes are redeemable at par starting June 15, 2031, or earlier with a make-whole premium. The company operates in the financial services industry as a business development company providing direct lending to middle-market companies.