Loan & DebtApr 27, 2026, 04:13 PM
MSDL Amends $1.45B Senior Secured Revolving Credit Agreement
AI Summary
Morgan Stanley Direct Lending Fund (MSDL) executed a First Amendment to its Amended and Restated Senior Secured Revolving Credit Agreement, effective April 23, 2026. This amendment modifies the terms of the existing $1.45 billion revolving credit facility with Truist Bank as Administrative Agent and various lenders. The changes also include updates to the definitions and maturity dates of the company's outstanding notes, reclassifying them as 2027, 2029, and 2030 Notes with adjusted principal amounts.
Key Highlights
- Amended $1.45B Senior Secured Revolving Credit Agreement.
- Amendment effective as of April 23, 2026.
- Original Credit Agreement dated February 25, 2025.
- "2025 Notes" updated to "2027 Notes" for $425M due Feb 2027.
- "2027 Notes" updated to "2029 Notes" for $350M due May 2029.
- "2029 Notes" updated to "2030 Notes" for $350M due May 2030.
- Truist Bank continues as Administrative Agent.
Price Impact
More from MSDL