Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
HPS Corporate Lending Fund incurred revolving credit of $250 million with BNP Paribas, as administrative agent at Term SOFR plus the Applicable Margin of 2.90% per annum maturing March 31, 2028.
- Instrument
- revolving credit
- Principal
- $250 million
- Counterparty
- BNP Paribas, as administrative agent
- Rate
- Term SOFR plus the Applicable Margin of 2.90% per annum
- Maturity
- March 31, 2028
- Event
- incurrence
Exact text from the filing
of March 31, 2028, the applicable margin on any remaining outstanding advances will be increased by 2.00% per annum. The initial maximum principal amount under the Agreement is $250 million. Proceeds from borrowings under the Revolving Credit Facility may be used to fund portfolio investments by HLEND Holdings, to pay certain fees and expenses and to make
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
HPS Corporate Lending Fund entered into Revolving Credit and Security Agreement with BNP Paribas, U.S. Bank Trust Company, National Association valued at $250 million (effective 2023-03-31).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- BNP Paribas, U.S. Bank Trust Company, National Association
- Value
- $250 million
- Effective
- 2023-03-31
Exact text from the filing
On March 31, 2023, HLEND Holdings D, L.P. (“ HLEND Holdings ”), a wholly-owned subsidiary of HPS Corporate Lending Fund (the “ Fund ”), as borrower, and the Fund, as equityholder and as collateral manager, entered into a senior secured revolving credit facility (the “ Revolving Credit Facility ”) pursuant to a Revolving Credit and Security Agreement (the “ Agreement ”), with the lenders from time to time party thereto, BNP Paribas, as administrative agent, and U.S. Bank Trust Company, National Association, as collateral agent.
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