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Morgan Stanley Direct Lending will repay credit facilities with IPO
Chicago, Jan. 23 – Morgan Stanley Direct Lending Fund will repay a portion of the amount outstanding under its credit facilities with the proceeds of an initial public offering of 5 million shares of common stock priced at $20.67 per share, according to a press release.
Proceeds will also be used for investments and other general corporate purposes.
The business development company, based in New York, is externally managed by MS Capital Partners Adviser Inc.
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