other material
confidence high
sentiment neutral
materiality 0.60
Morgan Stanley Direct Lending Fund raises $220.5M via 10.7M share unregistered sale
Morgan Stanley Direct Lending Fund
- Issued ~10.7M shares of common stock at ~$20.62 per share (implied) on October 4, 2023.
- Capital drawdown notice sent September 22, 2023; sale closed within eight business days.
- Exempt from SEC registration under Section 4(a)(2) and Regulation D; all buyers accredited investors.
- Shares sold under subscription agreements with stockholders' capital commitments.