Morgan Stanley Direct Lending increases revolver to $975 million

By Wendy Van Sickle

Columbus, Ohio, Dec. 9 – Morgan Stanley Direct Lending Fund amended its senior secured revolving credit agreement on Dec. 3 to increase the facility size to $975 million from $650 million, according to an 8-K filing with the Securities and Exchange Commission.

The increase comprised an increase in the U.S. dollar commitment to $300 million from $150 million and an increase in the multicurrency commitment to $675 million from $500 million.

The accordion feature was also amended to permit the maximum revolver capacity to be increased to up to $1.5 billion.

Truist Bank is the administrative agent. Truist Securities, Inc. is the lead arranger and bookrunner.

The fund is based in New York.

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