MSDL extends revolving credit facility maturities
Morgan Stanley Direct Lending Fund amended its Amended and Restated Senior Secured Revolving Credit Agreement with Truist Bank and other lenders.
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Form Type
8-K
Rhea-AI Filing Summary
Morgan Stanley Direct Lending Fund amended its Amended and Restated Senior Secured Revolving Credit Agreement with Truist Bank and other lenders. The amendment extends the commitment termination date from February 23, 2029 to April 23, 2030 and pushes the facility’s maturity from February 25, 2030 to April 23, 2031.
Truist Bank remains administrative agent, with subsidiary guarantors and multiple joint lead arrangers participating under the revised schedule, giving the company a longer-dated revolving credit framework.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Commitment termination date (old): February 23, 2029
Commitment termination date (new): April 23, 2030
Maturity date (old): February 25, 2030
+1 more
4 metrics
Commitment termination date (old)
February 23, 2029
Prior termination date of revolving credit commitments
Commitment termination date (new)
April 23, 2030
Extended termination date under First Amendment
Maturity date (old)
February 25, 2030
Original maturity of revolving credit facility
Maturity date (new)
April 23, 2031
Extended maturity under First Amendment
Key Terms
Amended and Restated Senior Secured Revolving Credit Agreement, First Amendment, commitment termination date, maturity date, +2 more
6 terms
Amended and Restated Senior Secured Revolving Credit Agreement financial
"which amends that certain Amended and Restated Senior Secured Revolving Credit Agreement, dated as of February 25, 2025"
First Amendment financial
"entered into an amendment ... (the “First Amendment”)"
commitment termination date financial
"extends the commitment termination date from February 23, 2029 to April 23, 2030"
maturity date financial
"extends the maturity date from February 25, 2030 to April 23, 2031"
The maturity date is the specific day when a loan, bond, or investment reaches its full term and the borrower must repay the borrowed amount in full. It is important for investors because it indicates when they will receive their initial money back and can plan their future financial steps accordingly. Think of it as the due date for a loan or the day a gift card or coupon expires.
administrative agent financial
"Truist Bank (“Truist”), as administrative agent"
An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.
subsidiary guarantors financial
"the subsidiary guarantors party thereto, and the lenders and issuing banks party thereto"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Morgan Stanley Direct Lending Fund (MSDL) change in its credit agreement?
Morgan Stanley Direct Lending Fund extended key dates on its senior secured revolving credit agreement. The commitment termination date moved to April 23, 2030 and the maturity date to April 23, 2031, keeping existing parties like Truist Bank involved under updated timelines.
Who are the main parties to MSDL’s amended revolving credit agreement?
The agreement names Morgan Stanley Direct Lending Fund as borrower, Truist Bank as administrative agent, subsidiary guarantors, and various lenders and issuing banks. Truist Securities, Inc., ING Capital LLC, MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation act as joint lead arrangers under the amended structure.
How were the commitment termination and maturity dates changed for MSDL?
The commitment termination date was extended from February 23, 2029 to April 23, 2030. The maturity date was extended from February 25, 2030 to April 23, 2031, lengthening the timeframe of the senior secured revolving credit facility for Morgan Stanley Direct Lending Fund.
What is the First Amendment referenced by Morgan Stanley Direct Lending Fund?
The First Amendment is a modification to MSDL’s Amended and Restated Senior Secured Revolving Credit Agreement dated February 25, 2025. It primarily updates the commitment termination and maturity dates, while keeping the structure with Truist Bank and other lenders otherwise in place.
Where can investors find the full terms of MSDL’s amended credit facility?
The full terms are contained in the First Amendment to the Amended and Restated Senior Secured Revolving Credit Agreement, filed as Exhibit 10.1. The 8-K notes that its brief description is qualified in its entirety by reference to that exhibit text.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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