secwatch.observer — SEC 8-K summary
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Issuer:     HPS Corporate Lending Fund (—)
CIK:        0001838126
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001193125-24-019457
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HPS Corporate Lending Fund issues $550M 6.750% notes due 2029
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838126/000119312524019457/0001193125-24-019457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838126/000119312524019457/d761348d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-019457

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