Morgan Stanley Direct Lending Fund Enters Material Agreement
Ticker: MSDL · Form: 8-K · Filed: Apr 23, 2024 · CIK: 1782524
| Field | Detail |
|---|---|
| Company | Morgan Stanley Direct Lending Fund (MSDL) |
| Form Type | 8-K |
| Filed Date | Apr 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $1,300,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
MSDLF just signed a big deal, expect new financial obligations.
AI Summary
On April 19, 2024, Morgan Stanley Direct Lending Fund entered into a material definitive agreement. This agreement involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or arrangement for Morgan Stanley Direct Lending Fund, which could impact its future financial obligations and operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial risks and obligations that may not be immediately apparent.
Key Players & Entities
- Morgan Stanley Direct Lending Fund (company) — Registrant
- April 19, 2024 (date) — Date of earliest event reported
- 1585 Broadway (address) — Principal executive offices
- New York, NY (location) — Principal executive offices location
FAQ
What type of material definitive agreement did Morgan Stanley Direct Lending Fund enter into?
The filing states that the agreement involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on April 19, 2024.
What is the principal executive office address for Morgan Stanley Direct Lending Fund?
The principal executive office is located at 1585 Broadway, New York, NY 10036.
What is the SEC file number for Morgan Stanley Direct Lending Fund?
The SEC file number is 814-01332.
What jurisdiction is Morgan Stanley Direct Lending Fund incorporated in?
Morgan Stanley Direct Lending Fund is incorporated in Delaware.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 12.6 · Accepted 2024-04-23 16:12:57
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share MSDL The New York Stock Excha
- $1,300,000,000 — a) increase the size of the facility to $1,300,000,000, (b) extend the revolving period and ma
Filing Documents
- msdlf-20240419.htm (8-K) — 37KB
- truist-thirdamendmenttorev.htm (EX-10.1) — 1589KB
- 0001782524-24-000015.txt ( ) — 1982KB
- msdlf-20240419.xsd (EX-101.SCH) — 2KB
- msdlf-20240419_lab.xml (EX-101.LAB) — 21KB
- msdlf-20240419_pre.xml (EX-101.PRE) — 12KB
- msdlf-20240419_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On April 19, 2024, Morgan Stanley Direct Lending Fund (the "Company"), a Delaware corporation, entered into an amendment (the "Fourth Amendment") to that certain Senior Secured Revolving Credit Agreement, dated as of July 16, 2021 (as amended, restated or otherwise modified from time to time, the "Facility"), by and among the Company, as Borrower, the lenders and issuing banks from time to time parties thereto, Truist Bank, as Administrative Agent, Truist Securities, Inc., as Joint Lead Arranger and Sole Book Runner, and ING Capital LLC, MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation, as additional Joint Lead Arrangers. The Fourth Amendment amended certain terms of the Facility, including, but not limited to amendments to (a) increase the size of the facility to $1,300,000,000, (b) extend the revolving period and maturity date of the Facility with respect to the loans and commitments held by the lenders who consented to the maturity extension until April 19, 2028 and April 19, 2029, respectively, and (c) modify certain covenant restrictions. The description above is only a summary of the material provisions of the Facility and is qualified in its entirety by reference to the full text of such agreement, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated by reference herein. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibits Exhibit Number Description 10.1* Fourth Amendment to Senior Secured Revolving Credit Agreement, dated as of April 19, 2024 , among the Company, as Borrower, the Lenders and Issuing Banks party thereto, Truist Bank, as Administrative Agent, and Truist Securities, Inc., as Joint Lead Arranger and Sole Book Runner, and ING Capital LLC, MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation, as additional Joint Lead Arrangers. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). *Schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted schedules to the SEC upon its request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 23, 2024 MORGAN STANLEY DIRECT LENDING FUND By: /s/ David Pessah David Pessah Chief Financial Officer