secwatch.observer — SEC 8-K summary
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Issuer:     HPS Corporate Capital Solutions Fund (—)
CIK:        0001989817
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001193125-24-092912
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HPS Corporate Capital Solutions Fund secures $500M credit facility, raises $221M in private placement
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- Entered $500M senior secured revolving credit facility with JPMorgan and SMBC; accordion feature allows increase to $1B.
- Facility matures April 8, 2029; interest rate margins range from 0.75% (ABR) to 1.875% (SOFR) based on borrowing base.
- Issued 8,827,880 common shares at approx $25 per share to accredited investors, raising $220.7M in private offering.
- Board approved amended declaration of trust adjusting standard of care for trustees and adviser; shareholder approved 150% asset coverage ratio.
- Proceeds from facility and share issuance for general corporate purposes including investments, distributions, and debt repayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1989817/000119312524092912/0001193125-24-092912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1989817/000119312524092912/d763547d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-092912

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