secwatch.observer — SEC 8-K summary
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Issuer:     Morgan Stanley Direct Lending Fund (MSDL)
CIK:        0001782524
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001104659-24-063093
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782524/000110465924063093/0001104659-24-063093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782524/000110465924063093/tm2414877d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-063093

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