HPS Corporate Lending Fund subsidiary enters $300M revolving credit facility

HPS Corporate Lending Fund

Borrowings bear interest at Daily Simple SOFR (or other currency rate) plus 2.25% per annum.
Facility has initial maximum principal amount of $300 million; proceeds for portfolio investments, fees, and distributions.
Borrowing period expires March 27, 2027; all amounts must be repaid by March 28, 2029.
Agreement includes customary affirmative and negative covenants and events of default.

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 Lending Fund entered into Loan and Security Agreement with Wells Fargo Bank, National Association, as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent, and U.S. Bank National Association, as document custodian valued at $ 300 million (effective 2024-03-28).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent, and U.S. Bank National Association, as document custodian
Value: $ 300 million
Effective: 2024-03-28

Exact text from the filing

On March 28, 2024, HLEND Holdings E, L.P. (“ HLEND Holdings ”), a wholly-owned subsidiary of HPS Corporate Lending Fund (the “ Fund ”), as borrower, and the Fund, as equityholder and as collateral manager, entered into a senior secured revolving credit facility (the “ Revolving Credit Facility ”) pursuant to a Loan and Security Agreement (the “ Agreement ”), with the lenders from time to time party thereto, Wells Fargo Bank, National Association, as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent, and U.S. Bank National Association, as document custodian.

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Source: SEC EDGAR

accession 0001193125-24-085676

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