By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – Morgan Stanley Direct Lending Fund (Baa3//BBB-) sold a $425 million offering of 4.5% notes due Feb. 11, 2027 on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The notes have a make-whole call at any time.
Proceeds will be used to repay debt, to make investments in portfolio companies and for general corporate purposes.
The financial services company is based in New York.
| Issuer: | Morgan Stanley Direct Lending Fund
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| Amount: | $425 million
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| Issue: | Notes
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| Maturity: | Feb. 11, 2027
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| Coupon: | 4.5%
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| Call features: | Make-whole call at any time
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| Trade date: | Feb. 8
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| Settlement date: | Feb. 11
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| Issuer ratings: | Moody’s: Baa3
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| S&P: BBB-
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| Distribution: | Rule 144A and Regulation S
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