Ropes & Gray represented the underwriters in Morgan Stanley Direct Lending Fund’s public offering of $350 million in aggregate principal amount of registered investment grade notes due 2030. The transaction closed on May 19.
Morgan Stanley Direct Lending Fund is a business development company with the objective to achieve attractive risk-adjusted returns by investing primarily in directly originated senior secured term loans issued by U.S. middle market companies.
The deal team was led by capital markets partner Paul Tropp.
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