HPS Corporate Lending Fund: debt financing — HPS Corporate Lending Fund completes $849M CLO refinancing, issues new secured notes

HPS Corporate Lending Fund

$849M refinancing of 2023-1 term debt securitization; proceeds used to refinance $429M of existing secured notes.
New notes: Class A-1-R ($493M, SOFR+1.44%), A-2-R ($34M, SOFR+1.65%), B-R ($51M, SOFR+1.80%).
$165M additional subordinated notes issued; existing $106.1M subordinated notes remain outstanding, total $271.1M.
Debt matures October 22, 2038; redeemable at issuer's option on/after October 22, 2027.
Collateral manager (Fund) irrevocably waived all collateral management fees for the life of the agreement.

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 $849,000,000 with BofA Securities, Inc. at SOFR + 1.44% to 1.80% for secured notes; subordinated notes N/A maturing October 22, 2038.

Instrument: senior notes
Principal: $849,000,000
Counterparty: BofA Securities, Inc.
Rate: SOFR + 1.44% to 1.80% for secured notes; subordinated notes N/A
Maturity: October 22, 2038
Event: incurrence

Exact text from the filing

On October 22, 2025 (the “Refinancing Date”), HPS Corporate Lending Fund (the “Fund”) completed an $849 million term debt securitization refinancing (the “2023-1 Refinancing”), also known as a collateralized loan obligation refinancing.

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Source: SEC EDGAR

accession 0001193125-25-250011

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