Morgan Stanley Direct Lending shrinks revolver to $160 million

By William Gullotti

Buffalo, N.Y., Dec. 29 – Morgan Stanley Direct Lending Fund provided written notice to reduce the commitments under its revolving credit facility with CIBC Bank USA as administrative agent on Dec. 23, according to an 8-K filing with the Securities and Exchange Commission.

The requested reduction decreases the revolver to $160 million from $235 million without changing other terms of the facility.

The revolver matures Dec. 31, 2022, at which point the company expects to repay and terminate the facility.

The fund is based in New York.

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