Jun 29
Morgan Stanley Private Credit Fund Kicks Off Debt Offering
➤ Morgan Stanley's private credit fund is launching a $350 million debt offering of five-year notes to refinance existing debt. ➤ The offering aims to raise funds at a premium of approximately 2.45% above Treasuries, indicating continued investor appetite for investment-grade notes from Business Development Companies (BDCs). ➤ Proceeds will be used to refinance existing borrowings, including credit facilities with major banks like Truist and BNP Paribas.