HPS Corporate Capital Solutions Fund enters facility for up to $200M in warehouse investments

HPS Corporate Capital Solutions Fund

Fund entered Facility Agreement with Steamboat SPV LLC to finance purchase of senior secured and junior loans.
Fund must receive at least $200M in investor subscriptions and Board approval before required to purchase warehouse investments.
Financing fee of up to 150 basis points on purchase price; Fund treats forward obligations under Investment Company Act.
Facility enables Fund to accumulate loans prior to triggering forward purchase obligation.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HPS Corporate Capital Solutions Fund entered into Facility Agreement with Steamboat SPV LLC (effective 2024-03-06).

Action: entry
Agreement: credit facility
Counterparty: Steamboat SPV LLC
Effective: 2024-03-06

Exact text from the filing

On March 6, 2024, HPS Corporate Capital Solutions Fund (the “ Fund ”) entered into a facility agreement with Steamboat SPV LLC (the “ Financing Provider ”), a special purpose vehicle organized by Cliffwater LLC (the “ Facility Agreement ”).

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Source: SEC EDGAR

accession 0001193125-24-063806

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