---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-019457"
form_type: "8-K"
ticker: null
cik: "0001838126"
company_name: "HPS Corporate Lending Fund"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:10:13.056925+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 issues $550M 6.750% notes due 2029

## Summary
- Issued $550M aggregate principal of 6.750% notes due January 30, 2029; net proceeds ~$538.6M.
- Notes are senior unsecured obligations ranking pari passu with existing unsecured unsubordinated debt.
- Proceeds to be used for investments, reducing borrowings, and general corporate purposes.
- Entered interest rate swap: receives fixed 6.750%, pays 3-month Term SOFR + 2.876% on $550M.
- Registration rights agreement requires exchange offer registration; failure triggers additional interest.

## SEC filing metadata
- accession: 0001193125-24-019457
- form_type: 8-K
- cik: 0001838126
- company_name: HPS Corporate Lending Fund
- filed_at: 2024-01-30T23:59:59+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/1838126/000119312524019457/0001193125-24-019457-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838126/000119312524019457/d761348d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-019457
- JSON: https://secwatch.observer/filing/0001193125-24-019457.json
- Plain text: https://secwatch.observer/filing/0001193125-24-019457.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838126/000119312524019457/0001193125-24-019457-index.htm
- Debt Financings
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838126/000119312524019457/0001193125-24-019457-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838126/000119312524019457/0001193125-24-019457-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838126/000119312524019457/0001193125-24-019457-index.htm

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