---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-309931"
form_type: "8-K"
ticker: null
cik: "0001849894"
company_name: "MSD Investment Corp."
filed_at: "2025-12-05T23:59:59+00:00"
generated_at: "2026-05-16T14:19:17.898955+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MSD Investment Corp. issues $400M 6.125% notes due 2031, enters interest rate swap

## Summary
- Issued $400M aggregate principal of 6.125% notes due Feb 5, 2031; interest payable semiannually starting Aug 5, 2026.
- Notes are unsecured; redeemable at company's option at any time at specified redemption price.
- Net proceeds to repay existing debt under credit facilities and for general corporate purposes.
- Entered $400M notional interest rate swap maturing Feb 5, 2031; pays 3m SOFR+2.715%, receives 6.125% fixed.
- Registration rights agreement requires exchange offer or additional interest if registration obligations not met.

## SEC filing metadata
- accession: 0001193125-25-309931
- form_type: 8-K
- cik: 0001849894
- company_name: MSD Investment Corp.
- filed_at: 2025-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849894/000119312525309931/0001193125-25-309931-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849894/000119312525309931/ck0001849894-20251205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-309931
- JSON: https://secwatch.observer/filing/0001193125-25-309931.json
- Plain text: https://secwatch.observer/filing/0001193125-25-309931.txt

## Key facts
- Material Agreements
  MSD Investment Corp. entered into Second Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $400,000,000 aggregate principal amount of its 6.125% notes due 2031 (effective 2025-12-05).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $400,000,000 aggregate principal amount of its 6.125% notes due 2031
  - Effective: 2025-12-05
  source text: On December 5, 2025, MSD Investment Corp. (the “ Company ”) and U.S. Bank Trust Company, National Association (the “ Trustee ”), entered into a Second Supplemental Indenture (the “ Second Supplemental Indenture ”) to the Indenture, dated April 2, 2025, between the Company and the Trustee (the “ Base Indenture ” and, together with the Second Supplemental Indenture, the “ Indenture ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849894/000119312525309931/0001193125-25-309931-index.htm
- Material Agreements
  MSD Investment Corp. entered into Registration Rights Agreement with J.P. Morgan Securities LLC, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. as the representatives of the Initial Purchasers (effective 2025-12-05).
  - Action: entry
  - Counterparty: J.P. Morgan Securities LLC, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. as the representatives of the Initial Purchasers
  - Effective: 2025-12-05
  source text: In connection with the sale of the Notes, the Company entered into a Registration Rights Agreement, dated December 5, 2025 (the “ Registration Rights Agreement ”), with J.P. Morgan Securities LLC, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. as the representatives of the Initial Purchasers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849894/000119312525309931/0001193125-25-309931-index.htm

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