Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when MSDL files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsMorgan Stanley Direct Lending Fund raises $350M via 6.100% notes due 2031
Filed July 1, 2026 · Period ending June 29, 2026 · ~1 min read
Key Changes
-
high
MSDL issued $350 million of 6.100% notes maturing in 2031 through an underwritten offering led by Truist Securities and four other banks, providing capital for the fund's direct lending activities.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
low
The underwriting agreement includes standard representations, warranties, and mutual indemnification provisions typical for registered debt offerings.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
Summary
Morgan Stanley Direct Lending Fund completed a $350 million debt offering on June 29, 2026, issuing five-year notes with a 6.100% coupon. The underwriting syndicate was led by Truist Securities alongside BNP Paribas, MUFG, RBC Capital Markets, and SMBC Nikko. For shareholders, this is a routine capital raise that expands the fund's lending capacity.
The 6.100% rate reflects current market conditions for investment-grade debt. The filing does not specify a use of proceeds. The offering adds leverage but provides capital to generate returns above the cost of debt. The terms are standard for this type of transaction with no unusual provisions.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The Underwriting Agreement includes customary representations, warranties, and covenants by the Company and the Adviser. It also provides for customary indemnification by each of the Company, the Adviser, and the underwriters against certain liabilities and customary contribution provisions in respect of those liabilities.
The underwriting agreement contains standard protections for both the Company and the underwriters, including mutual indemnification provisions. These are typical terms for a registered debt offering and do not impose unusual obligations on the Company.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 2, 2026 · How we verify