debt
confidence high
sentiment positive
materiality 0.65
Morgan Stanley Direct Lending Fund amends BNP facility: margin reduced 60bp, maturity extended to 2029
Morgan Stanley Direct Lending Fund
- Reinvestment period extended to Aug 21, 2027; final maturity to Aug 21, 2029.
- Applicable margin reduced from 2.85% to 2.25%, lowering borrowing cost.
- Eligibility criteria and concentration limits for collateral modified.
- Other material terms of the BNP Funding Facility remain unchanged.