HPS Corporate Capital Solutions Fund increases revolver by $75M to $575M, declares $0.10/share dividend

HPS Corporate Capital Solutions Fund

Revolving credit facility commitments increased from $500M to $575M via accordion; two new lenders added (Société Générale $50M, BNY Mellon $25M).
Regular distribution of $0.10 per common share declared, payable on or around July 31, 2024 to holders of record April 30, 2024.
Accordion feature allows further increase up to $1B aggregate commitment under certain conditions.
Dividend will be paid in cash or reinvested for participants in distribution reinvestment plan.

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 amended Commitment Increase Agreement with certain new lenders, JPMorgan Chase Bank, N.A., as administrative agent and issuing bank, and Sumitomo Mitsui Banking Corporation, as issuing bank valued at from $500,000,000 to $575,000,000 (effective 2024-05-01).

Action: amendment
Agreement: credit facility
Counterparty: certain new lenders, JPMorgan Chase Bank, N.A., as administrative agent and issuing bank, and Sumitomo Mitsui Banking Corporation, as issuing bank
Value: from $500,000,000 to $575,000,000
Effective: 2024-05-01

Exact text from the filing

On May 1, 2024, HPS Corporate Capital Solutions Fund (the “ Fund ”) entered into a Commitment Increase Agreement (the “ Commitment Increase Agreement ”) among the Fund, certain new lenders, JPMorgan Chase Bank, N.A., as administrative agent and issuing bank, and Sumitomo Mitsui Banking Corporation, as issuing bank, pursuant to the Fund’s Senior Secured Revolving Credit Agreement

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Source: SEC EDGAR

accession 0001193125-24-129360

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