secwatch.observer — SEC 8-K summary
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Issuer:     Morgan Stanley Direct Lending Fund (MSDL)
CIK:        0001782524
Form:       8-K
Filed at:   2025-09-22T23:59:59+00:00
Accession:  0001193125-25-211335
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSDL subsidiary closes $401.2M CLO with notes due 2037; sub tranches retained
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782524/000119312525211335/0001193125-25-211335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782524/000119312525211335/d932015d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-211335

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