secwatch.observer — SEC 8-K summary
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Issuer:     Morgan Stanley Direct Lending Fund (MSDL)
CIK:        0001782524
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001782524-23-000030
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1782524/000178252423000030/0001782524-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1782524/000178252423000030/msdlf-20230922.htm
  HTML page:      https://secwatch.observer/filing/0001782524-23-000030

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