---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-236898"
form_type: "8-K"
ticker: null
cik: "0001838126"
company_name: "HPS Corporate Lending Fund"
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T15:14:26.350184+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HPS Corporate Lending Fund issues $325M senior notes in private placement

## Summary
- Issued $75M Tranche A Senior Notes at 8.67% due Sep 2027 and $250M Tranche B at 8.80% due Sep 2028.
- Notes are unsecured, rank pari passu with other unsecured debt; proceeds for general corporate purposes.
- Entered interest rate swaps: receives fixed 8.67%/8.80%, pays 3M SOFR plus 4.3055%/4.5365% on notional amounts.
- Note Purchase Agreement includes covenants, change-in-control put, and rating-based interest step-ups up to 2.00%.

## SEC filing metadata
- accession: 0001193125-23-236898
- form_type: 8-K
- cik: 0001838126
- company_name: HPS Corporate Lending Fund
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838126/000119312523236898/0001193125-23-236898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838126/000119312523236898/d547636d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-236898
- JSON: https://secwatch.observer/filing/0001193125-23-236898.json
- Plain text: https://secwatch.observer/filing/0001193125-23-236898.txt

## Key facts
- Debt Financings
  HPS Corporate Lending Fund incurred senior notes of $75 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche A at fixed interest rate of 8.67% per annum maturing September 14, 2027.
  - Instrument: senior notes
  - Principal: $75 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche A
  - Rate: fixed interest rate of 8.67% per annum
  - Maturity: September 14, 2027
  - Event: incurrence
  source text: On September 14, 2023, HPS Corporate Lending Fund (the “ Fund ”) entered into a First Supplement (the “ First Supplement ”) to Master Note Purchase Agreement, dated as of March 15, 2023 (as supplemented, the “ Note Purchase Agreement ”), governing the issuance of $ 75 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche A (the “ Tranche A Notes ”) and $ 250 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche B (the “ Tranche B Notes ” and, together with the Tranche A Notes, the “ Notes ”) to institutional investors in a private placement. The Tranche A Notes have a fixed interest rate of 8.67% per annum and are due on September 14, 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838126/000119312523236898/0001193125-23-236898-index.htm
- Debt Financings
  HPS Corporate Lending Fund incurred senior notes of $250 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche B at fixed interest rate of 8.80% per annum maturing September 14, 2028.
  - Instrument: senior notes
  - Principal: $250 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche B
  - Rate: fixed interest rate of 8.80% per annum
  - Maturity: September 14, 2028
  - Event: incurrence
  source text: On September 14, 2023, HPS Corporate Lending Fund (the “ Fund ”) entered into a First Supplement (the “ First Supplement ”) to Master Note Purchase Agreement, dated as of March 15, 2023 (as supplemented, the “ Note Purchase Agreement ”), governing the issuance of $ 75 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche A (the “ Tranche A Notes ”) and $ 250 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche B (the “ Tranche B Notes ” and, together with the Tranche A Notes, the “ Notes ”) to institutional investors in a private placement. The Tranche A Notes have a fixed interest rate of 8.67% per annum and are due on September 14, 2027 and the Tranche B Notes have a fixed interest rate of 8.80% per annum and are due on September 14, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838126/000119312523236898/0001193125-23-236898-index.htm
- Material Agreements
  HPS Corporate Lending Fund entered into First Supplement with institutional investors valued at $75 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche A ... and $250 (effective 2023-09-14).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: institutional investors
  - Value: $75 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche A ... and $250
  - Effective: 2023-09-14
  source text: On September 14, 2023, HPS Corporate Lending Fund (the “ Fund ”) entered into a First Supplement (the “ First Supplement ”) to Master Note Purchase Agreement, dated as of March 15, 2023 (as supplemented, the “ Note Purchase Agreement ”), governing the issuance of $ 75 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche A (the “ Tranche A Notes ”) and $ 250 million in aggregate principal amount of its Series 2023-B Senior Notes, Tranche B
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838126/000119312523236898/0001193125-23-236898-index.htm

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