MORGAN STANLEY DIRECT LENDING Stock Price, News & Analysis

Morgan Stanley Direct Lending Fund (NYSE: MSDL) has announced the pricing of $350.0 million aggregate principal amount of 6.000% notes due 2030. The notes will mature on May 19, 2030, with an option for early redemption at par one month prior to maturity. The offering is expected to close around May 19, 2025.

The company plans to use the net proceeds to repay outstanding secured indebtedness under their financing arrangements and for general corporate purposes. Multiple financial institutions, including SMBC Nikko Securities, BNP Paribas Securities, RBC Capital Markets, and others, are acting as joint book-running managers for this offering.

Morgan Stanley Direct Lending Fund (NYSE: MSDL) reported its Q1 2025 financial results. The company posted net investment income of $46.2 million ($0.52 per share), down from $50.7 million ($0.57 per share) in Q4 2024. Net asset value decreased to $20.65 per share from $20.81. The investment portfolio stood at $3.8 billion across 210 portfolio companies, with 96.3% in first lien debt. The Board declared a regular dividend of $0.50 per share. MSDL established an ATM offering program for up to $300 million in common stock sales. The company's debt-to-equity ratio increased to 1.11x from 1.08x, with a weighted average interest rate of 6.11% on outstanding debt. During Q1, MSDL made new investment commitments of $233.4 million and repurchased 491,332 shares at an average price of $20.38.

Morgan Stanley Direct Lending Fund (NYSE: MSDL) has scheduled its first quarter 2025 financial results release for Thursday, May 8, 2025, after market close. The business development company will host a conference call on Friday, May 9, 2025, at 10:00 am ET to discuss the results and conduct a Q&A session.

Interested parties can join via audio webcast or by dialing 323-994-2093 (domestic) or 888-254-3590 (international) using passcode 221038. Participants are advised to join 10 minutes before the call starts. A replay will be available on MSDL's Investor Relations website.

Morgan Stanley Direct Lending Fund (MSDL) reported its Q4 and fiscal year 2024 financial results. Net investment income decreased to $50.7 million ($0.57 per share) from $58.7 million ($0.66 per share) in Q3 2024. Total investment income declined to $103.0 million from $109.8 million in Q3, primarily due to lower base rates and repayment income.

The company's investment portfolio reached $3.8 billion across 208 portfolio companies in 33 industries. MSDL declared a regular dividend of $0.50 per share and a special dividend of $0.10 per share. The debt-to-equity ratio increased to 1.08x from 0.99x in Q3. The company initiated a $100 million share repurchase program, purchasing 494,943 shares at an average price of $20.20.

Morgan Stanley Direct Lending Fund (MSDL) has scheduled its fourth quarter and fiscal year 2024 earnings release for Thursday, February 27, 2025, after market close. The company will host a conference call on Friday, February 28, 2025, at 10:00 am ET to discuss financial results and conduct a Q&A session.

Interested parties can join the earnings call through an audio webcast or by dialing 323-994-2093 (domestic) or 888-254-3590 (international) using passcode 4836455. Participants are advised to join 10 minutes before the call starts. An archived replay will be available on MSDL's Investor Relations website.

KBRA has assigned a BBB rating with a Stable outlook to Morgan Stanley Direct Lending Fund (MSDL). The rating reflects MSDL's strong connection to Morgan Stanley Asset Management's $1.5 trillion AUM and its access to MS's ecosystem. As of Q3 2024, MSDL maintains a $3.6 billion investment portfolio, with 96% in senior secured first lien loans across 200 companies in 33 industries. The portfolio shows solid asset quality with only 0.2% of investments on nonaccrual status. MSDL operates with a gross leverage of 0.99x and has $1.1 billion in bank credit availability. The company completed its IPO on January 26, 2024, and operates as a Business Development Company (BDC).

Morgan Stanley Direct Lending Fund (MSDL) reported Q3 2024 financial results with net investment income of $58.7 million ($0.66 per share), up from $56.1 million in Q2. Total investment income reached $109.8 million, with a portfolio fair value of $3.6 billion across 200 companies. The Board declared a regular dividend of $0.50 per share and a special dividend of $0.10 per share. The company maintained a NAV of $20.83 per share, with debt-to-equity ratio at 0.99x. New investment commitments totaled $455.4 million, with net funded deployment of $124.1 million.

Morgan Stanley Direct Lending Fund (NYSE: MSDL) has announced its plans to release financial results for the third quarter ended September 30, 2024. The results will be made public on Thursday, November 7, 2024, after market close. Following this, MSDL will host a conference call at 10:00 am ET on Friday, November 8, 2024, to review the financial results and conduct a Q&A session.

Interested parties can participate in the live earnings conference call via an audio webcast link or by dialing in. The domestic dial-in number is 323-994-2093, while the international number is 888-394-8218. The passcode for the call is 1797706. Participants are advised to join at least 10 minutes before the call starts to avoid potential delays. An archived replay of the call will be available on the Investor Relations section of the Morgan Stanley Direct Lending Fund website.

Morgan Stanley Direct Lending Fund (NYSE: MSDL) reported strong Q2 2024 results, its first full quarter as a public company. Key highlights include:

- Net investment income of $56.1 million, or $0.63 per share
- Net asset value increased to $20.83 per share from $20.67 in Q1
- New investment commitments of $673.9 million
- Net funded deployment of $210.4 million
- Declared Q3 dividend of $0.50 per share

The investment portfolio had a fair value of $3.5 billion across 192 companies. Total debt outstanding was $1.67 billion with a debt-to-equity ratio of 0.90x. The Board also declared a special dividend of $0.10 per share.