---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-018239"
form_type: "8-K"
ticker: "MSDL"
cik: "0001782524"
company_name: "Morgan Stanley Direct Lending Fund"
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T02:22:54.876683+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MSDL reports Q4 NII $0.57/shr, NAV $20.81; declares $0.50 dividend, extends credit facility

## Summary
- Net investment income $50.7M ($0.57/shr) vs $58.7M ($0.66/shr) in prior quarter; NAV per share $20.81 (vs $20.83).
- Regular dividend of $0.50/shr declared payable Apr 25, 2025 to holders of record Mar 31, 2025.
- Board authorized new $100M share repurchase plan under 10b5-1 program, replacing plan expiring Mar 25, 2025.
- Truist credit facility amended: maturity extended to Feb 2030, commitment increased to $1.45B, spread lowered to 1.775%.
- Debt-to-equity rose to 1.08x from 0.99x; portfolio fair value $3.79B across 208 companies, 99.6% floating rate.

## SEC filing metadata
- accession: 0001104659-25-018239
- form_type: 8-K
- ticker: MSDL
- cik: 0001782524
- company_name: Morgan Stanley Direct Lending Fund
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782524/000110465925018239/0001104659-25-018239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782524/000110465925018239/tm257747d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-018239
- JSON: https://secwatch.observer/filing/0001104659-25-018239.json
- Plain text: https://secwatch.observer/filing/0001104659-25-018239.txt

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