HPS Corporate Lending Fund: debt financing — HPS Corporate Lending Fund issues $900M in notes; net proceeds $889.1M

HPS Corporate Lending Fund

Issued $400M of 5.300% notes due 2027 and $500M of 5.850% notes due 2030.
Net proceeds of $889.1M after discounts and expenses.
Entered interest rate swaps to convert fixed to floating: 3-month Term SOFR plus spread.
Proceeds to fund investments, reduce borrowings, and general corporate purposes.
Registration rights agreements require exchange offer or shelf registration with potential additional interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HPS Corporate Lending Fund incurred senior notes of $400,000,000 with U.S. Bank Trust Company, National Association at 5.300% maturing June 5, 2027.

Instrument: senior notes
Principal: $400,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.300%
Maturity: June 5, 2027
Event: incurrence

Exact text from the filing

relating to the Fund’s issuance of $400,000,000 in aggregate principal amount of its 5.300% notes due 2027

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HPS Corporate Lending Fund incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association at 5.850% maturing June 5, 2030.

Instrument: senior notes
Principal: $500,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.850%
Maturity: June 5, 2030
Event: incurrence

Exact text from the filing

relating to the Fund’s issuance of $500,000,000 in aggregate principal amount of its 5.850% notes due 2030

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-25-135868

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