secwatch.observer — SEC 8-K summary
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Issuer:     HPS Corporate Lending Fund (—)
CIK:        0001838126
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001193125-23-236898
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HPS Corporate Lending Fund issues $325M senior notes in private placement
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838126/000119312523236898/0001193125-23-236898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838126/000119312523236898/d547636d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-236898

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