Morgan Stanley Direct Lending Fund Announces $350 Million Debt Offering

Morgan Stanley Direct Lending Fund, a non-diversified specialty finance company, has priced an offering of $350 million in 6.000% notes due 2030. The funds from this offering will primarily be used to repay outstanding secured indebtedness and for general corporate purposes. A syndicate of leading investment banks, including SMBC Nikko Securities America, BNP Paribas Securities Corp, and J.P. Morgan Securities LLC, will manage the debt offering. The notes will mature on May 19, 2030, with the option to redeem at par plus a "make-whole" premium before maturity.

Key Takeaways:

• Morgan Stanley Direct Lending Fund has priced an offering of $350 million in 6.000% notes due 2030, with the goal of repaying outstanding secured indebtedness and using the remaining funds for general corporate purposes.
• The notes will mature on May 19, 2030, with an optional redemption at par plus a "make-whole" premium before maturity.
• The debt offering is managed by a syndicate of leading investment banks, including SMBC Nikko Securities America, BNP Paribas Securities Corp, and J.P. Morgan Securities LLC.
• The fund has elected to be regulated as a business development company under the Investment Company Act of 1940 and is externally managed by MS Capital Partners Adviser Inc.
• As a non-diversified specialty finance company, Morgan Stanley Direct Lending Fund focuses on lending to middle-market companies.

Statistics:

• $350 million: The aggregate principal amount of 6.000% notes due 2030 priced by Morgan Stanley Direct Lending Fund.
• 6.000%: The interest rate on the notes due 2030.
• May 19, 2030: The maturity date of the notes.