MSDL establishes $300M ATM equity program; shareholders OK share increase to 500M common shares

Morgan Stanley Direct Lending Fund

Entered equity distribution agreements for at-the-market sales of up to $300M in common stock; commissions up to 1.5%.
Stockholders approved amendment increasing authorized shares from 101M to 501M (500M common, 1M preferred) – 36.2M for, 8.6M against.
ATM sales price per share will not be less than NAV; adviser may pay commissions to maintain NAV floor.
No obligation to sell any shares; actual sales depend on market conditions and company's capital needs.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Morgan Stanley Direct Lending Fund: Increased authorized shares of capital stock from 101,000,000 to 501,000,000 (effective 2025-03-28).

Change: charter amendment
Effective: 2025-03-28

Exact text from the filing

On March 28, 2025, the Company filed an amendment with the Delaware Secretary of State to the Company’s certificate of incorporation to increase the number of authorized shares of capital stock of the Company from 101,000,000 shares to 501,000,000 shares, consisting of 500,000,000 shares of common stock, par value $0.001 per share, and 1,000,000 shares of preferred stock, par value $0.001 per share (the “Certificate of Incorporation Amendment”).

View on SEC.gov

42 governance changes filed in the last 30 days. Browse all governance changes →

Morgan Stanley Direct Lending Fund filing history →

Source: SEC EDGAR

accession 0001193125-25-067137

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.