Morgan Stanley Direct Lending Fund
04/23/2024 | Press release | Distributed by Public on 04/23/2024 14:13
Material Agreement - Form 8-K
Item 1.01. Entry into a Material Definitive Agreement.
On April 19, 2024, Morgan Stanley Direct Lending Fund (the "Company"), a Delaware corporation, entered into an amendment (the "Fourth Amendment") to that certain Senior Secured Revolving Credit Agreement, dated as of July 16, 2021 (as amended, restated or otherwise modified from time to time, the "Facility"), by and among the Company, as Borrower, the lenders and issuing banks from time to time parties thereto, Truist Bank, as Administrative Agent, Truist Securities, Inc., as Joint Lead Arranger and Sole Book Runner, and ING Capital LLC, MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation, as additional Joint Lead Arrangers.
The Fourth Amendment amended certain terms of the Facility, including, but not limited to amendments to (a) increase the size of the facility to $1,300,000,000, (b) extend the revolving period and maturity date of the Facility with respect to the loans and commitments held by the lenders who consented to the maturity extension until April 19, 2028 and April 19, 2029, respectively, and (c) modify certain covenant restrictions.
The description above is only a summary of the material provisions of the Facility and is qualified in its entirety by reference to the full text of such agreement, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated by reference herein.