Morgan Stanley Direct Lending Fund Enters New Credit Agreement

TL;DR

MSDLF just signed a new credit agreement, potentially increasing its debt.

AI Summary

On September 17, 2025, Morgan Stanley Direct Lending Fund entered into a material definitive agreement, specifically a credit agreement. This agreement creates a direct financial obligation for the registrant. The filing does not specify the exact dollar amount or the counterparty to this agreement.

Why It Matters

This filing indicates a new debt obligation for Morgan Stanley Direct Lending Fund, which could impact its leverage and future borrowing capacity.

Risk Assessment

Risk Level: medium — Entering into new credit agreements can increase financial leverage and introduce new obligations, the details of which are not fully disclosed in this initial filing.

Key Players & Entities

• Morgan Stanley Direct Lending Fund (company) — Registrant
• September 17, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share MSDL The New York Stock E
• $50,000,000 — the 2025 Debt Securitization consist of $50,000,000 in Class A-1 Loans (the "Class A-1 Loan
• $182,000,000 — te of 3-month Term SOFR plus 1.54%, and $182,000,000 Class A-1 Senior Secured Floating Rate
• $16,000,000 — Class A-1 Loans, the "Class A-1 Debt"), $16,000,000 Class A-2 Senior Secured Floating Rate
• $24,000,000 — e Class A-1 Loans, the "Class A Debt"), $24,000,000 Class B Senior Secured Floating Rate No
• $32,000,000 — SOFR plus 1.90%, (the "Class B Notes"), $32,000,000 Class C Secured Deferrable Floating Rat
• $73,200,000 — Class A-1 Loans the "Secured Debt") and $73,200,000 Subordinated Notes due 2125, which do n

Filing Documents

• d932015d8k.htm (8-K) — 40KB
• d932015dex101.htm (EX-10.1) — 1667KB
• d932015dex102.htm (EX-10.2) — 153KB
• d932015dex103.htm (EX-10.3) — 196KB
• d932015dex104.htm (EX-10.4) — 167KB
• d932015dex105.htm (EX-10.5) — 249KB
• 0001193125-25-211335.txt ( ) — 3214KB
• msdl-20250917.xsd (EX-101.SCH) — 27KB
• d932015d8k_htm.xml (XML) — 13KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1* Indenture and Security Agreement dated as of September 17, 2025 by and between North Haven Private Credit CLO 1 LLC, as Issuer, and U.S. Bank Trust Company, National Association, as Collateral Trustee. 10.2* Purchase and Placement Agreement dated as of September 17, 2025 by and between North Haven Private Credit CLO 1 LLC, as Issuer, BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC. 10.3* Collateral Servicing Agreement dated as of September 17, 2025 by and between North Haven Private Credit Fund CLO 1 LLC, as Issuer, and Morgan Stanley Direct Lending Fund, as Collateral Servicer. 10.4* Master Loan Sale Agreement dated as of September 17, 2025 among Morgan Stanley Direct Lending Fund, as the Transferor and North Haven Private Credit CLO 1 LLC, as the 2025 Issuer. 10.5* Class A-1 Credit Agreement dated as of September 17, 2025 among North Haven Private Credit CLO 1 LLC, as Borrower, and U.S. Bank Trust Company, National Association, as Loan Agent and as Collateral Trustee. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Exhibits and/or 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 exhibits and/or 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. MORGAN STANLEY DIRECT LENDING FUND Date: September 22, 2025 By: /s/ David Pessah David Pessah Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR