secwatch.observer — SEC 8-K summary
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Issuer:     MSD Investment Corp. (—)
CIK:        0001849894
Form:       8-K
Filed at:   2026-10-15T20:07:45+00:00
Accession:  0001193125-26-422878
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

MSD Investment Corp. prices $350M of 6.875% notes due 2029, swapped to SOFR+2.138%
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- Issued $350M aggregate principal of 6.875% notes maturing October 15, 2029; interest payable semiannually starting April 15, 2027.
- Net proceeds to repay borrowings under existing debt facilities and for general corporate purposes, including portfolio company investments.
- Concurrent $350M notional interest rate swap maturing October 15, 2029: company receives 6.875% fixed, pays 3-month compounded SOFR plus 2.138%.
- Notes are unsecured; on a change of control plus below-investment-grade rating by Fitch and Moody's, company must offer 100% of principal plus accrued interest.
- Registration Rights Agreement with Citizens JMP, Goldman Sachs, HSBC, J.P. Morgan, RBC and SMBC Nikko requires an exchange offer within 365 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849894/000119312526422878/0001193125-26-422878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849894/000119312526422878/d10920d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-422878

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