# EDGAR Filing Document

**Accession Number:** 0001782524
**File Stem:** 0001193125-26-288639
**Filing Date:** 2026-6
**Character Count:** 3960
**Document Hash:** 45eba75b6e31c428db6659d180ddb3ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-288639.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0001193125-26-288639

**CONFORMED SUBMISSION TYPE**: 497AD

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Direct Lending Fund
- **CENTRAL INDEX KEY:** 0001782524

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497AD
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-283477
- **FILM NUMBER:** 261136562

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212 761 0380

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Morgan Stanley Direct Lending Fund LLC
- **DATE OF NAME CHANGE:** 20190923

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Morgan Stanley BDC LLC
- **DATE OF NAME CHANGE:** 20190715

**Filed pursuant to Rule 497(a)** 

**Registration No. 333-283477** 

**Rule 482ad** 

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| | |
|:---|:---|
| Issuer (Ticker) | Morgan Stanley Direct Lending Fund (MSDL) |
| Ranking | Sr Unsecured Note |
| Ratings\* | Moody's (Exp): Baa3/Stable<br>Fitch (Exp): BBB-/Stable<br>Kroll (Exp): BBB/Stable |
| Format | SEC Registered |
| Announced Size | $350mm |
| IPTs | T+245 area |
| Tenor | 5 Year |
| Maturity Date | July 15, 2031 |
| Coupon Type | Fixed |
| Settlement\*\* | T+7 (July 9, 2026) |
| Optional Redemption | Make Whole Call<br>Par Call: 1 month prior to maturity |
| Change of Control | Yes, 100% (See Red) |
| Book Runners | Active: TSI (B&D), BNPP, MUFG, RBC, SMBC |
| Use of Proceeds | Repay indebtedness |
| Sale into Canada | Yes—Exemption |
| CUSIP | 61774A AH6 |
| ISIN | US61774AAH68 |
| Denominations | 2,000 x 1,000 |
| Timing | Today's Business |

---

—Disclaimers—

\* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

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\*\* Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in one business day, unless the parties to such trade expressly agree otherwise at the time of the trade. Accordingly, purchasers who wish to trade the Notes prior to the business day before the date of delivery of the Notes will be required, by virtue of the fact that the Notes initially will settle in seven business days (T+7), to specify alternative settlement arrangements to prevent a failed settlement. 

The issuer has filed a shelf registration statement (including a prospectus) and a preliminary prospectus supplement with the Securities and Exchange Commission (SEC). Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC and incorporated by reference into the prospectus or preliminary prospectus supplement for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at <u>www.sec.gov</u>. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and prospectus if you request it from Truist Securities, Inc. at 1-800-685-4786, BNP Paribas Securities Corp. at 1-800-854-5674, MUFG Securities Americas Inc. at 1-877-649-6848, RBC Capital Markets, LLC at 1-866-375-6829, SMBC Nikko Securities America, Inc. at 1-888-868-6856.

ANY DISCLAIMER OR OTHER NOTICE THAT MAY APPEAR BELOW IS NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMER OR NOTICE WAS AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.