Morgan Stanley Direct Lending Fund (MSDL) Announces Proposed 5M Share IPO
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Morgan Stanley Direct Lending Fund Announces Proposed Initial Public Offering
January 16, 2024 4:09 PM ESTNEW YORK--(BUSINESS WIRE)-- Morgan Stanley Direct Lending Fund (MSDL), a business development company externally managed by MS Capital Partners Adviser Inc., today announced that it has commenced an initial public offering of 5,000,000 shares of its common stock, par value $0.001 per share (the Common Stock). The estimated price for the offering is $20.67 per share of Common Stock. MSDL is expected to list its Common Stock on The New York Stock Exchange under the symbol MSDL. The underwriters are expected to have an option to purchase up to an additional 750,000 shares of Common Stock to cover overallotments, if any. The completion of... More
