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Morgan Stanley Direct Lending Fund Prices Public Offering of $350.0 Million 6.000% Notes Due 2030
NEW YORK, May 12, 2025--Morgan Stanley Direct Lending Fund (NYSE: MSDL) ("MSDL" or the "Company") today announced that it has priced an offering of $350.0 million aggregate principal amount of 6.000% notes due 2030 (the "Notes"). The Notes will mature on May 19, 2030 and may be redeemed in whole or in part at the Company’s option at any time at par plus a "make-whole" premium, provided that the Notes may be redeemed at par one month prior to their maturity.
About this update from Morgan Stanley Direct Lending Fund
[{"type":"text","content":"NEW YORK, May 12, 2025--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (NYSE: MSDL) ("MSDL" or the "Company") today announced that it has priced an offering of $350.0 million aggregate principal amount of 6.000% notes due 2030 (the "Notes"). The Notes will mature on May 19, 2030 and may be redeemed in whole or in part at the Company’s option at any time at par plus a "make-whole" premium, provided that the Notes may be redeemed at par one month prior to their maturity.","length":518,"tagName":"p"},{"type":"text","content":"The offering is expected to close on or about May 19, 2025, subject to satisfaction of customary closing conditions.","length":116,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of this offering to repay outstanding secured indebtedness under our financing arrangements and for general corporate purposes.","length":171,"tagName":"p"},{"type":"text","content":"SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., RBC Capital Markets, LLC, Truist Securities, Inc., Wells Fargo Securities, LLC, ING Financial Markets LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and Regions Securities LLC are acting as joint book-running managers for this offering. CIBC World Markets Corp., Citizens JMP Securities, LLC, Keefe, Bruyette & Woods, Inc., Synovus Securities, Inc. and UBS Investment Bank, Academy Securities, Inc., R. Seelaus & Co., LLC and Samuel A. Ramirez & Company, Inc. are acting as co-managers for this offering.","length":629,"tagName":"p"},{"type":"text","content":"Investors are advised to carefully consider the investment objectives, risks and charges and expenses of MSDL before investing. The pricing term sheet dated May 12, 2025, the preliminary prospectus supplement dated May 12, 2025, and the accompanying prospectus dated November 26, 2024, each of which has been filed with the U.S. Securities and Exchange Commission (the "SEC"), contain this and other information about MSDL and should be read carefully before investing.","length":479,"tagName":"p"},{"type":"text","content":"The information in the pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The pric...