HPS Corporate Lending Fund: debt financing — 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.

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 $681,250,000 with holders of Class A Senior Secured Floating Rate Notes at SOFR + 1.54% maturing August 15, 2037.

Instrument: senior notes
Principal: $681,250,000
Counterparty: holders of Class A Senior Secured Floating Rate Notes
Rate: SOFR + 1.54%
Maturity: August 15, 2037
Event: incurrence

Exact text from the filing

with the Secured Notes, the “Debt”), the terms of which are summarized in the table below: Class Initial Principal Amount ($) Ratings (S&P) Ratings (Fitch) Coupon Class A Notes 681,250,000 AAA(sf) AAA(sf) SOFR + 1.54% Class B Notes 168,750,000 AA(sf) N/A SOFR + 1.85% Subordinated Notes 400,000,000 N/A N/A N/A On the Closing Date and in connection with the 2025-4

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

HPS Corporate Lending Fund incurred senior notes of $168,750,000 with holders of Class B Senior Secured Floating Rate Notes at SOFR + 1.85% maturing August 15, 2037.

Instrument: senior notes
Principal: $168,750,000
Counterparty: holders of Class B Senior Secured Floating Rate Notes
Rate: SOFR + 1.85%
Maturity: August 15, 2037
Event: incurrence

Exact text from the filing

are summarized in the table below: Class Initial Principal Amount ($) Ratings (S&P) Ratings (Fitch) Coupon Class A Notes 681,250,000 AAA(sf) AAA(sf) SOFR + 1.54% Class B Notes 168,750,000 AA(sf) N/A SOFR + 1.85% Subordinated Notes 400,000,000 N/A N/A N/A On the Closing Date and in connection with the 2025-4 Debt Securitization, the 2025-4 Issuer entered into a

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

HPS Corporate Lending Fund incurred debt of $400,000,000 maturing August 15, 2037.

Principal: $400,000,000
Maturity: August 15, 2037
Event: incurrence

Exact text from the filing

Amount ($) Ratings (S&P) Ratings (Fitch) Coupon Class A Notes 681,250,000 AAA(sf) AAA(sf) SOFR + 1.54% Class B Notes 168,750,000 AA(sf) N/A SOFR + 1.85% Subordinated Notes 400,000,000 N/A N/A N/A On the Closing Date and in connection with the 2025-4 Debt Securitization, the 2025-4 Issuer entered into a placement agency agreement (the “Placement Agreement”) with

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Source: SEC EDGAR

accession 0001193125-25-178668

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