---
schema_version: "secwatch.filing_event.v1"
accession: "0001782524-23-000030"
form_type: "8-K"
ticker: "MSDL"
cik: "0001782524"
company_name: "Morgan Stanley Direct Lending Fund"
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:43:18.655666+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MSDL declares $0.50 regular and $0.10 supplemental dividends; amends credit facility

## Summary
- Regular dividend $0.50/share (annualized yield ~9.9%) and supplemental $0.10/share (~2.0%), payable Oct 25, 2023 to holders of record Sept 26, 2023.
- New investment commitments of $195.1M from July 1 to Sept 26, 2023, with 99.3% in first lien debt across 7 new and 12 existing portfolio companies.
- Third Amendment to BNP Funding Facility extends reinvestment period by 3 years, raises margin to 2.85% (reinvestment) and 3.35% (post), switches benchmark to Term SOFR/SONIA.
- Amendment adds interest coverage test, revises concentration limits, eligibility criteria, and lender consent thresholds.
- BNP Paribas remains administrative agent; no other material change to facility terms.

## SEC filing metadata
- accession: 0001782524-23-000030
- form_type: 8-K
- ticker: MSDL
- cik: 0001782524
- company_name: Morgan Stanley Direct Lending Fund
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1782524/000178252423000030/0001782524-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1782524/000178252423000030/msdlf-20230922.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001782524-23-000030
- JSON: https://secwatch.observer/filing/0001782524-23-000030.json
- Plain text: https://secwatch.observer/filing/0001782524-23-000030.txt

## Key facts
- Material Agreements
  Morgan Stanley Direct Lending Fund amended Third Amendment to CSA with BNP Paribas (effective 2023-09-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: BNP Paribas
  - Effective: 2023-09-22
  source text: Entry into a Material Definitive Agreement On September 22, 2023, DLF Financing SPV LLC (“DLF LLC”), a Delaware limited liability company and a wholly owned subsidiary of Morgan Stanley Direct Lending Fund (the “Company”), entered into (i) an amendment (the “Third Amendment to CSA”) to that certain Revolving Credit and Security Agreement, dated as of October 14, 2020, as amended from time to time (the “BNP Funding Facility”), by and among DLF LLC, as the borrower, the Company, as the equityholder and servicer, BNP Paribas, as the administrative agent, U.S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1782524/000178252423000030/0001782524-23-000030-index.htm

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