Offerings // Morgan Stanley Direct Lending Fund

MSDL offering history

Every offering-related filing in Morgan Stanley Direct Lending Fund’s recent SEC record — registrations (announced capacity) kept separate from pricing documents (executed sales). Reviewed 411 filings back to Aug 9, 2019.

Last executed offering

Jul 1, 2026

424B2 — priced deal (shares or notes)

Last registration (announced)

None found

in filings back to Aug 9, 2019

Executed, last 12 months

424B pricings + 8-K 3.02 sales

Registered, last 12 months

S-1/S-3/F-series registrations

Date	Filing		What it means
Jul 1, 2026	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jun 29, 2026	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jun 29, 2026	FWP →	MARKETING	Free-writing prospectus — offering being marketed
May 14, 2025	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
May 12, 2025	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
May 12, 2025	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Mar 28, 2025	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jan 14, 2025	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Jan 14, 2025	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Jan 24, 2024	424B1 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jan 23, 2024	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Oct 10, 2023	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Dec 29, 2022	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Aug 1, 2022	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Jun 17, 2022	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Jun 15, 2022	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Jun 13, 2022	RW →	WITHDRAWN	Registration withdrawn
May 19, 2022	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Jan 5, 2022	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Nov 18, 2021	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Oct 20, 2021	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Jul 22, 2021	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Jun 2, 2021	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Apr 19, 2021	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Mar 18, 2021	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Jan 22, 2021	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Dec 4, 2020	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Oct 1, 2020	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Aug 13, 2020	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Jun 30, 2020	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Mar 31, 2020	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)
Feb 10, 2020	8-K →	EXECUTED	Unregistered share sale disclosed (8-K item 3.02)

MSDL offering-related filings from SEC EDGAR, newest first (capped at 40). Each links to the original document.

Two honest limits. (1) A 424B takedown can price shares or notes — EDGAR’s metadata doesn’t say which, so open the document: large investment-grade filers use these mostly for bond deals (no dilution), small-caps mostly for shares. (2) At-the-market (ATM) programs sell shares gradually and individual sales are not separately filed — the visible footprint is the enabling shelf and its 424B5; actual ATM share counts surface later in the 10-Q/10-K share count. Educational information from public filings, not investment advice.

Is a shelf active now? →Do they need money? →Red flags →Full MSDL workspace →

MSDL offering FAQ

When did MSDL last execute an offering?

Per SEC filings, Morgan Stanley Direct Lending Fund's most recent priced offering document is a 424B2 filed 2026-07-01. Note a 424B takedown can price shares or notes (debt) — the linked document says which.

When did MSDL last announce or register an offering?

No offering registration (S-1/S-3/F-1/F-3) appears in the filings reviewed back to 2019-08-09.

Does an offering always mean dilution?

Registered direct offerings and shelf takedowns issue new shares and dilute existing holders. Resale registrations (424B3/B7) let existing holders sell and do not create new shares. Secondary sales by insiders also do not dilute. Each row here is labeled with what it is.

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