MSDL issues $350M of 6.000% notes due 2030 to repay secured debt

Morgan Stanley Direct Lending Fund

Issued $350M principal of 6.000% notes due May 19, 2030; net proceeds $342.5M after underwriting discount and expenses.
Notes are unsecured, rank pari passu with other unsecured debt; redeemable at make-whole until April 19, 2030, then at par.
Proceeds to repay outstanding secured indebtedness and for general corporate purposes.
Entered interest rate swaps: receive fixed 6.253%, pay SOFR+2.5415% on $350M to align with floating-rate loan portfolio.
Covenants include maintaining asset coverage under Investment Company Act and providing financial info if no longer reporting.

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