Morgan Stanley Direct Lending Fund issues $350M 6.100% notes due 2031

Morgan Stanley Direct Lending Fund

$350M aggregate principal of 6.100% notes due 2031, interest payable semi-annually.
Net proceeds of ~$341.6M after underwriting discount and offering expenses.
Proceeds used to repay outstanding secured indebtedness under financing arrangements.
Entered interest rate swaps to receive fixed 6.100% and pay floating SOFR+2.1945% on $350M.
Notes are unsecured, rank pari passu with existing unsecured unsubordinated debt.

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