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Bonds•29 June 2026•

1 min read

Morgan Stanley Private Credit Fund Plans $350M Debt Offering

Key Facts

1Morgan Stanley Direct Lending Fund plans to raise $350 million via five-year notes at a spread of approximately 245 basis points over Treasuries.

In a move reflecting activity in the private credit market, Morgan Stanley Direct Lending Fund plans to raise $350 million through five-year notes at a spread of approximately 245 basis points over US Treasuries, according to media reports. The offering aims to refinance existing debt, marking the fund’s first debt issuance in over a year.

The issuance comes amid favorable credit market conditions. Morgan Stanley (MS) shares closed at $212.05 on June 26, 2026, with a trading range of $211.36 to $219.70. Among peers, Goldman Sachs (GS) closed at $1,019.61 and JPMorgan (JPM) at $329.05. The notes are rated investment grade, reflecting confidence in the fund’s credit quality.

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