Morgan Stanley Direct Lending will repay credit facilities with IPO

Chicago, Jan. 23 – Morgan Stanley Direct Lending Fund will repay a portion of the amount outstanding under its credit facilities with the proceeds of an initial public offering of 5 million shares of common stock priced at $20.67 per share, according to a press release.

Proceeds will also be used for investments and other general corporate purposes.

The business development company, based in New York, is externally managed by MS Capital Partners Adviser Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.