{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-211335","form_type":"8-K","ticker":"MSDL","cik":"0001782524","company_name":"Morgan Stanley Direct Lending Fund","filed_at":"2025-09-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.975182+00:00","generated_at":"2026-05-17T05:59:25.682557+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MSDL subsidiary closes $401.2M CLO with notes due 2037; sub tranches retained","bullets":["Completed $401.2M term debt securitization via North Haven Private Credit CLO 1 LLC on Sept 17, 2025.","Issued $232M Class A-1 debt (SOFR+1.54%), $16M A-2 notes (SOFR+1.70%), $24M Class B notes (SOFR+1.90%).","Also issued $32M Class C (SOFR+2.40%), $24M Class D (SOFR+3.55%) and $73.2M Subordinated Notes (no interest).","Proceeds support a portfolio of senior secured and second lien loans; MSDL retains all Subordinated Notes.","Secured Notes due Oct 2037; revolving reinvestment period through Oct 2029."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-211335","json":"https://secwatch.observer/filing/0001193125-25-211335.json","markdown":"https://secwatch.observer/filing/0001193125-25-211335.md","text":"https://secwatch.observer/filing/0001193125-25-211335.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1782524/000119312525211335/0001193125-25-211335-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1782524/000119312525211335/d932015d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:59:25.682557+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"76997ff41d310167ccb9727f10656e9cb1e700f1","claim":"Morgan Stanley Direct Lending Fund incurred credit facility of $50,000,000 in Class A-1 Loans at 3-month Term SOFR plus 1.54% maturing October 20, 2037.","evidence_excerpt":"$50,000,000 in Class A-1 Loans (the \"Class A-1 Loans\") pursuant to the Class A-1 Credit Agreement (as defined below), which bear interest at a rate of 3-month Term SOFR plus 1.54%","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1782524/000119312525211335/0001193125-25-211335-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$50,000,000 in Class A-1 Loans"},{"label":"Rate","value":"3-month Term SOFR plus 1.54%"},{"label":"Maturity","value":"October 20, 2037"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}