---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-090687"
form_type: "8-K"
ticker: null
cik: "0001838126"
company_name: "HPS Corporate Lending Fund"
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:37:30.350479+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# HPS Corporate Lending Fund enters $250M senior secured revolving credit facility with BNP Paribas, due 2028

## Summary
- HLEND Holdings D, L.P., unit of HPS Corporate Lending Fund, borrows up to $250M under revolving credit facility.
- Advances bear interest at Term SOFR/EURIBOR/SONIA plus 2.90% margin; foreign currency adds 0.15%.
- Facility matures March 31, 2028; committed amount is $250M; lenders have discretion to fund.
- Proceeds used for portfolio investments, fees, expenses, and distributions to the Fund, subject to conditions.
- Facility is secured by collateral; customary covenants and events of default apply.

## SEC filing metadata
- accession: 0001193125-23-090687
- form_type: 8-K
- cik: 0001838126
- company_name: HPS Corporate Lending Fund
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838126/000119312523090687/0001193125-23-090687-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838126/000119312523090687/d463255d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-090687
- JSON: https://secwatch.observer/filing/0001193125-23-090687.json
- Plain text: https://secwatch.observer/filing/0001193125-23-090687.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838126/000119312523090687/0001193125-23-090687-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838126/000119312523090687/0001193125-23-090687-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.