secwatch / observer
8-K filed January 26, 2024, 6:59 PM ET CIK 0001838126
debt confidence high sentiment neutral materiality 0.70

HPS Corporate Lending Fund: debt financing — HPS Corporate Lending Fund increases credit facility to $1.25B and prices $550M notes at 6.75%

HPS Corporate Lending Fund

Key facts

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 amended credit facility of $1,250,000,000 with Bank of America, N.A., as administrative agent at the greater of (x) (i) 2.00% multiplied by the balance of all Broadly Syndicated maturing January 2029.

Instrument
credit facility
Principal
$1,250,000,000
Counterparty
Bank of America, N.A., as administrative agent
Rate
the greater of (x) (i) 2.00% multiplied by the balance of all Broadly Syndicated
Maturity
January 2029
Event
amendment
Exact text from the filing
the Credit Agreement. The Amendment provides for, among other things, an increase in the aggregate commitments of the lenders under the Credit Agreement from $1,000,000,000 to $1,250,000,000 and an extension of the Availability Period from July 2025 to January 2027 and the Maturity Date from July 2027 to January 2029. In addition, the Amendment provides that Daily
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HPS Corporate Lending Fund amended Amendment No. 2 to the Credit Agreement with Bank of America, N.A., as administrative agent; U.S. Bank Trust Company, National Association, as collateral administrator; U.S. Bank National Association, as collateral custodian; and the lenders party thereto valued at $1,000,000,000 to $1,250,000,000 (effective 2024-01-25).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A., as administrative agent; U.S. Bank Trust Company, National Association, as collateral administrator; U.S. Bank National Association, as collateral custodian; and the lenders party thereto
Value
$1,000,000,000 to $1,250,000,000
Effective
2024-01-25
Exact text from the filing
On January 25, 2024, HPS Corporate Lending Fund (the “Fund”) entered into that certain Amendment No. 2 to the Credit Agreement (the “Amendment”) among the Fund, as servicer, HLEND Holdings B, L.P., as borrower (the “Borrower”), Bank of America, N.A., as administrative agent, U.S. Bank Trust Company, National Association, as collateral administrator, U.S. Bank National Association, as collateral custodian, and the lenders party thereto, amending that certain Credit Agreement, dated as of July 19, 2022, among the Borrower, the Fund, as servicer, the lenders from time to time party thereto, Bank of America, N.A., and other parties thereto (as amended by the Amendment, the “Credit Agreement”).
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Source: SEC EDGAR
accession 0001193125-24-016762
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