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MORGAN STANLEY DIRECT LENDING SEC Filings

MSDL NYSE

Welcome to our dedicated page for MORGAN STANLEY DIRECT LENDING SEC filings (Ticker: MSDL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

Sorting through Morgan Stanley Direct Lending Fund’s 300-page annual report is no small task. Loan-level fair-value tables, leverage tests and private-equity covenants are scattered throughout the document, and material events often surface in 8-K updates without warning. If you’ve ever typed “Morgan Stanley Direct Lending Fund SEC filings explained simply” or searched for “Morgan Stanley Direct Lending Fund 8-K material events explained,” you’re not alone.

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  • 10-K – full portfolio review, leverage ratios, credit quality
  • 10-Q – quarter-over-quarter performance and distribution coverage
  • 8-K – credit amendments and unexpected portfolio exits
  • Form 4 – Morgan Stanley Direct Lending Fund Form 4 insider transactions real-time

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Rhea-AI Summary

Grove Collaborative Holdings, Inc. (NYSE: GROV) filed an 8-K disclosing an Amendment to its $100 million Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd. (Yorkville). The original July 18, 2022 SEPA permits Grove to issue up to $100 million of Class A common stock to Yorkville at its discretion over 36 months.

The July 8 2025 amendment makes two material changes: (1) the definition of “Market Price” is revised from the average volume-weighted average price (VWAP) over three trading days to the lowest daily VWAP within that period, and (2) the commitment period is extended to August 1 2027, providing Grove an additional two years of access to the facility.

Implications for investors: The extension enhances Grove’s liquidity flexibility and could reduce financing risk during a challenging macro environment. However, using the lowest VWAP as the pricing floor may lead to lower issuance prices and greater dilution for existing shareholders if the facility is drawn. No immediate share issuance or financial metrics were reported; the amendment simply modifies contractual terms.

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FAQ

What is the current stock price of MORGAN STANLEY DIRECT LENDING (MSDL)?

The current stock price of MORGAN STANLEY DIRECT LENDING (MSDL) is $19.36 as of July 16, 2025.

What is the market cap of MORGAN STANLEY DIRECT LENDING (MSDL)?

The market cap of MORGAN STANLEY DIRECT LENDING (MSDL) is approximately 1.7B.

What is the primary focus of Morgan Stanley Direct Lending Fund?

The fund primarily focuses on investing in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. It aims to generate attractive risk-adjusted returns through current income and capital appreciation.

What types of loans are included in MSDL's portfolio?

MSDL invests in a range of secured loan structures including first lien senior secured term loans, unitranche loans, and second lien loans. The portfolio may also include higher-yielding assets such as mezzanine debt and opportunistic equity investments.

How does the fund generate its returns?

The fund generates returns primarily through the interest income from its senior secured loans, which is further complemented by capital appreciation and returns from diversified, higher-yielding debt and equity opportunities.

What distinguishes MSDL within the direct lending market?

MSDL distinguishes itself by directly originating loans to U.S. middle-market companies, thereby ensuring robust underwriting standards and collateral protection. Its focused approach on private equity-backed companies also sets it apart from traditional fixed income instruments.

How does the fund manage credit risk?

Credit risk is managed through stringent due diligence, thorough collateral analysis, and maintaining a focus on senior secured positions. The fund’s disciplined underwriting process helps ensure that each investment adheres to strict risk management criteria.

What role do private equity sponsors play in MSDL's investments?

Private equity sponsors back many of the companies in the fund’s portfolio, providing an additional layer of investor discipline and operational oversight. This backing helps secure the loans and supports the fund’s strategy of mitigating credit risk.

How does MSDL compare to traditional fixed income investments?

Unlike traditional fixed income investments, MSDL’s direct lending approach involves customized loan structures and direct borrower engagements. This model offers enhanced income generation potential and stronger credit protections through collateralized exposures.

What should investors consider when evaluating MSDL?

Investors should consider the fund's structured approach to credit analysis, the specialized focus on middle-market companies, and its emphasis on risk-adjusted returns. Understanding the underlying strategy and dedication to maintaining asset quality is crucial.
MORGAN STANLEY DIRECT LENDING

NYSE:MSDL

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1.66B
86.96M
NEW YORK