---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-067137"
form_type: "8-K"
ticker: "MSDL"
cik: "0001782524"
company_name: "Morgan Stanley Direct Lending Fund"
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T03:12:07.655902+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-067137
- form_type: 8-K
- ticker: MSDL
- cik: 0001782524
- company_name: Morgan Stanley Direct Lending Fund
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782524/000119312525067137/0001193125-25-067137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782524/000119312525067137/d743341d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-067137
- JSON: https://secwatch.observer/filing/0001193125-25-067137.json
- Plain text: https://secwatch.observer/filing/0001193125-25-067137.txt

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