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Morgan Stanley private credit fund raises $350m bond

privateequitywire

1 month ago

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Morgan Stanley’s Direct Lending Fund has raised $350m through a five-year investment-grade bond to refinance existing debt, according to a report by Bloomberg.
The business development company reportedly priced the note at a yield of 2.20 percentage points above Treasuries, around 25 basis points tighter than initial price talk. The deal matched the fund’s target size.
The transaction marks the fund’s first bond sale in just over a year, after it issued the same amount in May 2025. The wider BDC...

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