Morgan Stanley Direct Lending Fund MSDL
NYSE MSDL
$14.76 -0.28 (-1.90%)
As of: Sep 9, 2026 · 3:59 PM EDT

Morgan Stanley Direct Lending Fund (MSDL) Interest Expenses (2022 - 2026)

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Interest Expenses came in at $32.0 million in Q2 2026, down 7.75% year-over-year from $34.7 million in Q2 2025, and up 4.41% quarter-over-quarter from $30.7 million in Q1 2026.

Analysis

Morgan Stanley Direct Lending Fund (MSDL) Interest Expenses (2022 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has reported Interest Expenses for 5 consecutive years, with $32.0 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Interest Expenses fell 7.75% year-over-year to $32.0 million in Q2 2026; TTM through Jun 2026 was $129.9 million, a 3.93% decrease from a year earlier, with the FY2025 full-year figure at $136.1 million, up 10.74% from the prior year.
  • Interest Expenses was $32.0 million for Q2 2026 at Morgan Stanley Direct Lending Fund, up from $30.7 million in the prior quarter.
  • Over five years, Interest Expenses peaked at $34.7 million in Q2 2025 and troughed at $10.3 million in Q1 2022.
  • A 5-year average of $27.9 million and a median of $29.5 million in 2023 frame the typical range for Interest Expenses.
  • Across the five-year window, Interest Expenses soared 157.68% in 2023 and fell 10.28% in 2026, its largest moves.
  • Over 5 years, Interest Expenses stood at $24.5 million in 2022, then advanced by 19.07% to $29.1 million in 2023, then increased by 14.08% to $33.2 million in 2024, then rose by 0.39% to $33.3 million in 2025, then fell by 3.98% to $32.0 million in 2026.
  • The last three Interest Expenses figures came in at $32.0 million (Q2 2026), $30.7 million (Q1 2026), and $33.3 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 Ares Capital 14.12 Bn 13.73 Bn - 214.00 Mn
2 Blackstone Secured Lending Fund 5.69 Bn 5.42 Bn - 101.07 Mn
3 Blue Owl Capital 5.52 Bn 5.28 Bn - 122.98 Mn
4 Main Street Capital 5.26 Bn 5.20 Bn - 36.64 Mn
5 Blue Owl Technology Finance 5.05 Bn 4.84 Bn - 108.79 Mn
6 Hercules Capital 4.64 Bn 4.59 Bn - 31.14 Mn
7 FS KKR Capital 3.37 Bn 3.27 Bn - 101.00 Mn
8 Golub Capital Bdc 3.34 Bn 3.30 Bn - 60.99 Mn
9 PennantPark Floating Rate Capital 2.48 Bn -129.09 Mn - 25.03 Mn
10 Morgan Stanley Direct Lending Fund 1.25 Bn 1.17 Bn - 32.02 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 32.02 Mn
Mar 31, 2026 30.67 Mn
Dec 31, 2025 33.34 Mn
Sep 30, 2025 33.90 Mn
Jun 30, 2025 34.71 Mn
Mar 31, 2025 34.18 Mn
Dec 31, 2024 33.21 Mn
Sep 30, 2024 33.15 Mn
Jun 30, 2024 29.30 Mn
Mar 31, 2024 27.26 Mn
Dec 31, 2023 29.11 Mn
Sep 30, 2023 29.69 Mn
Jun 30, 2023 27.91 Mn
Mar 31, 2023 26.67 Mn
Dec 31, 2022 24.45 Mn
Sep 30, 2022 18.60 Mn
Jun 30, 2022 13.78 Mn
Mar 31, 2022 10.35 Mn