debt
confidence high
sentiment neutral
materiality 0.60
HPS Corporate Lending Fund completes $1.25B CLO securitization (HLEND CLO 2025-4)
HPS Corporate Lending Fund
- Issued $681.25M Class A notes (AAA(sf)/AAA(sf), SOFR+1.54%), $168.75M Class B notes (AA(sf), SOFR+1.85%), and $400M subordinated notes.
- Notes mature August 15, 2037; callable after August 15, 2027 at direction of subordinated note holders or collateral manager.
- Backed by diversified middle-market commercial loans; fund serves as collateral manager and has irrevocably waived all management fees.
- Subsidiary retained all subordinated notes; securitization subject to fund's asset coverage requirement.
item 1.01item 2.03item 9.01