---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-063093"
form_type: "8-K"
ticker: "MSDL"
cik: "0001782524"
company_name: "Morgan Stanley Direct Lending Fund"
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T16:30:39.157396+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MSDL issues $350M of 6.150% notes due 2029; net proceeds ~$342.4M

## Summary
- $350M principal of 6.150% notes due May 17, 2029; unsecured senior obligations.
- Net proceeds ~$342.4M after discounts/expenses; used for debt repayment, portfolio investments, general corporate.
- Entered interest rate swaps: receive fixed 6.150%, pay SOFR+2.37% on $350M to align with floating-rate loan portfolio.
- Registration rights agreement obligates exchange offer or shelf registration; failure triggers additional interest.
- Notes offered to QIBs and non-U.S. persons under Rule 144A/Reg S; not registered under Securities Act.

## SEC filing metadata
- accession: 0001104659-24-063093
- form_type: 8-K
- ticker: MSDL
- cik: 0001782524
- company_name: Morgan Stanley Direct Lending Fund
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782524/000110465924063093/0001104659-24-063093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782524/000110465924063093/tm2414877d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-063093
- JSON: https://secwatch.observer/filing/0001104659-24-063093.json
- Plain text: https://secwatch.observer/filing/0001104659-24-063093.txt

## Source-grounded claims
- claim_id: a91a0724eb0daf216e4b2f03aa8a8b9a979bb4b0
  claim: Morgan Stanley Direct Lending Fund incurred senior notes of $350,000,000 with U.S. Bank Trust Company, National Association at 6.150% maturing May 17, 2029.
  evidence_excerpt: On May 17, 2024, Morgan Stanley Direct Lending Fund (the "Company") and U.S. Bank Trust Company, National Association (the "Trustee") entered into a Second Supplemental Indenture (the "Second Supplemental Indenture" and, together with the Base Indenture (as defined herein), the "Indenture") related to the Company's issuance of $350,000,000 in aggregate principal amount of its 6.150% notes due 2029 (the "Notes")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782524/000110465924063093/0001104659-24-063093-index.htm
- claim_id: c8a858c57d25aceda3f6c7c37297cf718ecf9ad6
  claim: Morgan Stanley Direct Lending Fund entered into Second Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $350,000,000 (effective 2024-05-17).
  evidence_excerpt: on May 17, 2024, Morgan Stanley Direct Lending Fund (the “Company”) and U.S. Bank Trust Company, National Association (the “Trustee”) entered into a Second Supplemental Indenture (the “Second Supplemental Indenture" and, together with the Base Indenture (as defined herein), the “Indenture”) related to the Company’s issuance of $350,000,000 in aggregate principal amount of its 6.150% notes due 2029 (the “Notes")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782524/000110465924063093/0001104659-24-063093-index.htm
- claim_id: f3b5de1beb20739c60c5bf6ec4ec3cf46364f116
  claim: Morgan Stanley Direct Lending Fund entered into Registration Rights Agreement with Truist Securities, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc., as the representatives of the Initial Purchasers of the Notes (effective 2024-05-17).
  evidence_excerpt: In connection with the Notes Offering, the Company entered into a Registration Rights Agreement, dated as of May 17, 2024 (the “Registration Rights Agreement”), with Truist Securities, Inc., BNP Paribas Securities Corp., ING Financial Markets LLC, J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc., as the representatives of the Initial Purchasers of the Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782524/000110465924063093/0001104659-24-063093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.