Highest-materiality recent filing
Principal Accounting Officer Jonathan Frohlinger resigns effective May 26, 2026
Jonathan Frohlinger resigned as Principal Accounting Officer of Morgan Stanley Direct Lending Fund, effective May 26, 2026.
MSDL Q1 NII $0.47/sh, NAV $19.81, launches JV, cuts dividend to $0.45
Net investment income $40.5M ($0.47/sh) vs $42.4M ($0.49/sh) prior quarter.
MSDL extends revolving credit facility maturity to April 2031
Extended commitment termination date from Feb 2029 to Apr 2030; maturity date from Feb 2030 to Apr 2031.
MSDL announces Q1 2026 earnings release and conference call dates
Q1 2026 results to be released Thursday, May 7, 2026 after market close.
Net investment income $42.4M ($0.49/sh) vs $43.7M ($0.50) in Q3 2025; NAV $20.26/sh vs $20.41.
Morgan Stanley Direct Lending Fund to report Q4/FY2025 results on Feb 26
Earnings release scheduled for Feb 26, 2026 after market close.
Morgan Stanley Direct Lending Fund names Hope Brown Chief Compliance Officer
Gauranga Pal resigns as CCO effective Jan 1, 2026; not due to any disagreement.
Morgan Stanley Direct Lending Fund Q3 2025: NII $0.50/sh, NAV $20.41, dividend $0.50
Net investment income $43.7M ($0.50/sh), flat vs prior quarter; NAV $20.41/sh, down from $20.59.
MSDL to report Q3 2025 results on Nov 6; call Nov 7
Q3 2025 earnings release due Thursday, November 6, 2025 after market close.
MSDL amends BNP facility: margin cut 30 bps during reinvestment period
Sixth Amendment to $XX BNP Paribas revolver reduces applicable margin during reinvestment from 2.25% to 1.95%.
MSDL subsidiary closes $401.2M CLO with notes due 2037; sub tranches retained
Completed $401.2M term debt securitization via North Haven Private Credit CLO 1 LLC on Sept 17, 2025.
MSDL Q2 2025 NII $0.50/sh, NAV $20.59; declares $0.50 Q3 dividend
Net investment income $43.7M ($0.50/sh) vs $46.2M ($0.52/sh) in Q1 2025; NAV per share $20.59 vs $20.65.
MSDL subsidiary prices ~$401M CLO notes; retains $73.2M subordinated notes
Aggregate principal amount of notes: approximately $401.2 million.
Morgan Stanley Direct Lending Fund appoints new CEO and other executives after CEO resignation
CEO Jeffrey Levin resigns effective July 25, 2025; not due to any disagreement with the company.
MSDL to report Q2 2025 results on Aug 7; conference call on Aug 8 at 10am ET
Earnings release for quarter ended June 30, 2025 on Thursday, August 7, 2025 after market close.
MSDL redeems $275M of 7.55% Series A Senior Notes due 2025
Redeemed $275M aggregate principal at 100% of par plus accrued interest through June 16, 2025.
Morgan Stanley Direct Lending Fund elects directors, ratifies auditor at 2025 annual meeting
Bruce D. Frank was re-elected with 18,768,985 votes for; Adam Metz with 17,575,996; both had ~37.3M broker non-votes.
MSDL issues $350M of 6.000% notes due 2030 to repay secured debt
Issued $350M principal of 6.000% notes due May 19, 2030; net proceeds $342.5M after underwriting discount and expenses.
Morgan Stanley Direct Lending Fund issues $350M 6.000% Notes due 2030
Issued $350M aggregate principal of 6.000% Notes due 2030 via underwriting agreement.
MSDL Q1 NII $0.52/share, down from $0.57; NAV $20.65; declares $0.50 dividend
Net investment income $46.2M ($0.52/sh) vs $50.7M ($0.57/sh) in Q4 2024; total investment income $101.5M.
MSDL amends bylaws to remove Ratification and Interested Directors sections
Board adopted Second Amended and Restated Bylaws effective April 23, 2025.
MSDL schedules Q1 2025 earnings release for May 8, conference call May 9
Earnings results will be reported after market close on Thursday, May 8, 2025.
MSDL establishes $300M ATM equity program; shareholders OK share increase to 500M common shares
Entered equity distribution agreements for at-the-market sales of up to $300M in common stock; commissions up to 1.5%.
MSDL reports Q4 NII $0.57/shr, NAV $20.81; declares $0.50 dividend, extends credit facility
Net investment income $50.7M ($0.57/shr) vs $58.7M ($0.66/shr) in prior quarter; NAV per share $20.81 (vs $20.83).
MSDL announces Q4/FY2024 earnings release date: Feb 27, call Feb 28
Q4 and full year 2024 results will be released after market close on Thursday, February 27, 2025.
Morgan Stanley Direct Lending Fund Appoints Michael Occi as President
Michael Occi, age 40, appointed President of Morgan Stanley Direct Lending Fund effective January 1, 2025.
MSDL reports Q3 NII of $0.66/share, NAV flat at $20.83; declares $0.50 dividend
Net investment income of $58.7M ($0.66/share) vs $56.1M ($0.63/share) in Q2 2024.
MSDL to report Q3 2024 results on Nov 7; call set for Nov 8
Earnings release after market close Thursday, November 7, 2024.
Reinvestment period extended to Aug 21, 2027; final maturity to Aug 21, 2029.
MSDL reports Q2 2024 NII of $0.63/share, NAV rises to $20.83; declares $0.50 dividend
Net investment income $56.1M ($0.63/share); NAV per share $20.83, up from $20.67 at March 31, 2024.
MSDL announces Q2 2024 earnings release date: August 8, after market close
Q2 2024 financial results will be released on Thursday, August 8, 2024 after market close.
MSDL stockholders elect directors and ratify auditor at 2024 annual meeting
Jeffrey S. Levin re-elected with ~28.7M votes for, ~1.5M withheld; 2.0M broker non-votes.
MSDL issues $350M of 6.150% notes due 2029; net proceeds ~$342.4M
$350M principal of 6.150% notes due May 17, 2029; unsecured senior obligations.
On May 26, 2026, Jonathan Frohlinger notified the Board of Directors of Morgan Stanley Direct Lending Fund (the “Company”) of his resignation as the Company’s Principal Accounting Officer, effective as of May 26, 2026.
Max materiality 0.75 · Median 0.50 · Most common event debt