TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Chief Financial Officer of Morgan Stanley Direct Lending Fund (NASDAQ:MSDL), David Pessah, acquired 3,400 shares of the company’s common stock on August 14, 2025. The $1.56 billion market cap company, which offers an attractive 11.9% dividend yield according to InvestingPro, has seen its shares trading near the 52-week low of $17.37.
The shares were purchased at a price of $17.7218, totaling approximately $60,254. Following the transaction, Pessah directly owns 5,400 shares of Morgan Stanley Direct Lending Fund. InvestingPro analysis indicates the stock is currently in oversold territory, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US equities.
In other recent news, Morgan Stanley Direct Lending Fund has redeemed $275 million in senior notes. These notes, which carried a 7.55% interest rate, were due in 2025 and have been redeemed at their full principal value. The redemption also included accrued and unpaid interest up to the redemption date. This action aligns with the terms specified in the Master Note Purchase Agreement from September 2022. The company’s decision to redeem these notes was documented in a filing with the Securities and Exchange Commission. This development is a significant financial maneuver by Morgan Stanley Direct Lending Fund. The recent redemption reflects the company’s ongoing financial strategies and obligations to its noteholders.
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