HPS Corporate Lending Fund issues $1.1B: $600M 4.900% 2028 notes, $500M 5.450% 2030 notes

HPS Corporate Lending Fund

Issued $600M of 4.900% notes due 2028 and $500M of 5.450% notes due 2030 in a private placement.
Net proceeds to the Fund were approximately $1.088B after discounts and offering expenses.
Entered interest rate swaps converting fixed rates to floating: receive 4.900% and 5.450%, pay 3m SOFR + spreads.
Proceeds will be used for investments, reducing borrowings, and general corporate purposes.
Fund obligated to file exchange offer registration statement; failing that, additional interest payable.

item 1.01item 2.03item 9.01

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