secwatch.observer — SEC 8-K summary
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Issuer:     Morgan Stanley Direct Lending Fund (MSDL)
CIK:        0001782524
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0001193125-25-122517
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782524/000119312525122517/0001193125-25-122517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782524/000119312525122517/d876433d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-122517

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