secwatch / observer
8-K filed January 30, 2024, 6:59 PM ET CIK 0001838126
debt confidence high sentiment neutral materiality 0.50

HPS Corporate Lending Fund: debt financing — HPS Corporate Lending Fund issues $550M 6.750% notes due 2029

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 0.92

HPS Corporate Lending Fund entered an off-balance-sheet arrangement for loan of $550.0 million with unknown at 6.750% fixed vs 3-month Term SOFR plus 2.876% floating maturing unknown.

Instrument
loan
Principal
$550.0 million
Rate
6.750% fixed vs 3-month Term SOFR plus 2.876% floating
Event
off balance sheet
Exact text from the filing
Indenture (the “ First Supplemental Indenture ” and, together with the Base Indenture, the “ Indenture ”). The First Supplemental Indenture relates to the Fund’s issuance of $550.0 million in aggregate principal amount of its 6.750% notes due 2029 (the “ Notes ”). The Notes will mature on January 30, 2029 and may be redeemed in whole or in part at the Fund’s option
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

HPS Corporate Lending Fund incurred senior notes of $550.0 million with U.S. Bank Trust Company, National Association at 6.750% maturing January 30, 2029.

Instrument
senior notes
Principal
$550.0 million
Counterparty
U.S. Bank Trust Company, National Association
Rate
6.750%
Maturity
January 30, 2029
Event
incurrence
Exact text from the filing
On January 30, 2024, HPS Corporate Lending Fund (the “ Fund ”) and U.S. Bank Trust Company, National Association (the “ Trustee ”) entered into an Indenture (the “ Base Indenture ”) and a Supplemental Indenture (the “ First Supplemental Indenture ” and, together with the Base Indenture, the “ Indenture ”). The First Supplemental Indenture relates to the Fund’s issuance of $550.0 million in aggregate principal amount of its 6.750% notes due 2029 (the “ Notes ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HPS Corporate Lending Fund entered into Indenture with U.S. Bank Trust Company, National Association valued at $550.0 million (effective 2024-01-30).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
$550.0 million
Effective
2024-01-30
Exact text from the filing
On January 30, 2024, HPS Corporate Lending Fund (the “ Fund ”) and U.S. Bank Trust Company, National Association (the “ Trustee ”) entered into an Indenture (the “ Base Indenture ”) and a Supplemental Indenture (the “ First Supplemental Indenture ” and, together with the Base Indenture, the “ Indenture ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HPS Corporate Lending Fund entered into Registration Rights Agreement with J.P. Morgan Securities LLC, BNP Paribas Securities Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, and SMBC Nikko Securities America, Inc. (effective 2024-01-30).

Action
entry
Counterparty
J.P. Morgan Securities LLC, BNP Paribas Securities Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, and SMBC Nikko Securities America, Inc.
Effective
2024-01-30
Exact text from the filing
In connection with the Notes Offering, the Fund entered into a Registration Rights Agreement, dated as of January 30, 2024 (the “ Registration Rights Agreement ”), with J.P. Morgan Securities LLC, BNP Paribas Securities Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, and SMBC Nikko Securities America, Inc., as the representatives of the Initial Purchasers (as defined in the Registration Rights Agreement) of the Notes.
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-24-019457
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