Morgan Stanley Direct Lending Fund Interest Expense History
MSDL|5 years of SEC 10-K data (FY2021-FY2025)
$136M in FY2025 with a 3-year CAGR of +26.5%.
Increased from $113M to $136M over the past 2 years.
Interest Expense has increased for 4 consecutive years, from $21M in FY2021 to $136M in FY2025.
Based on SEC 10-K filings.
- 3-Year CAGR
- +26.5%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Interest Expense Trend
Key Insights
- Morgan Stanley Direct Lending Fund's interest expense has grown for 4 consecutive years.
- 3-year CAGR of +26.5%, indicating consistent growth.
- In FY2025, interest expense increased 10.7% year-over-year.
- Lowest interest expense in the period was in FY2021.
Annual Data
| Year | Interest Expense | YoY Growth |
|---|---|---|
| FY2025 | $136.1M | +10.7% |
| FY2024 | $122.9M | +8.9% |
| FY2023 | $112.9M | +68.0% |
| FY2022 | $67.2M | +219.7% |
| FY2021 | $21.0M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026