Morgan Stanley Direct Lending Fund announced that it has priced an offering of $350 million aggregate principal amount of 6.100% notes due 2031. The notes will mature on July 15, 2031.
The notes may be redeemed in whole or in part at the company’s option at any time at par plus a make-whole premium.
The notes may also be redeemed at par one month before maturity.
The offering is expected to close on or about July 9, 2026, subject to customary closing conditions.
Morgan Stanley Direct Lending Fund intends to use the net proceeds from the offering to repay outstanding secured indebtedness under its financing arrangements.
Truist Securities, BNP Paribas Securities, MUFG Securities Americas, RBC Capital Markets, SMBC Nikko Securities America, ING Financial Markets, J.P. Morgan Securities, Morgan Stanley & Co., Regions Securities, Wells Fargo Securities, and Barclays Capital are acting as joint book-running managers for the offering.
CIBC World Markets, Citizens JMP Securities, Keefe, Bruyette & Woods, Lucid Capital Markets, Synovus Securities, UBS Securities, R. Seelaus & Co., and Samuel A. Ramirez & Company are acting as co-managers.
Morgan Stanley Direct Lending Fund is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies.
The company has elected to be regulated as a business development company under the Investment Company Act of 1940.
Morgan Stanley Direct Lending Fund is externally managed by MS Capital Partners Adviser, an indirect, wholly owned subsidiary of Morgan Stanley.
Morgan Stanley Direct Lending Fund is not a subsidiary of or consolidated with Morgan Stanley.
