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 amended credit facility of from $750,000,000 to $850,000,000 with Blackstone Asset Based Finance Advisors LP at reduction of the applicable margin from 2.30% per annum to 1.90% per annum maturing April 12, 2032.
- Instrument
- credit facility
- Principal
- from $750,000,000 to $850,000,000
- Counterparty
- Blackstone Asset Based Finance Advisors LP
- Rate
- reduction of the applicable margin from 2.30% per annum to 1.90% per annum
- Maturity
- April 12, 2032
- Event
- amendment
Exact text from the filing
The Amendment provides for, among other things, (i) an increase in the aggregate commitments of the lenders under the Credit Agreement from $750,000,000 to $850,000,000, (ii) an extension of the reinvestment period end date from January 12, 2026 to January 12, 2028, (iii) an extension of the anticipated repayment date of the facility from January 11, 2030 to January 11, 2032, (iv) an extension of the stated maturity date of the facility from April 12, 2030 to April 12, 2032, and (v) a reduction of the applicable margin from 2.30% per annum to 1.90% per annum.
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