HPS Corporate Lending Fund: debt financing — HPS Corporate Lending Fund issues $600M of 6.300% notes due 2031

HPS Corporate Lending Fund

$600M aggregate principal, 6.300% coupon, semi-annual, matures Aug 19, 2031.
Net proceeds ~$594.3M after discounts/expenses; used for investments, reduce borrowings, general corporate.
Entered interest rate swap: receives fixed 6.300%, pays 3-month Term SOFR + 2.394% on $600M.
Registration rights agreement with initial purchasers requires exchange offer or shelf registration.
Notes are unsecured, rank pari passu with other unsecured unsubordinated debt, effectively junior to secured debt.

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 $600,000,000 with U.S. Bank Trust Company, National Association at 6.300% maturing August 19, 2031.

Instrument: senior notes
Principal: $600,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.300%
Maturity: August 19, 2031
Event: incurrence

Exact text from the filing

on May 19, 2026, HPS Corporate Lending Fund (the “ Fund ”) and U.S. Bank Trust Company, National Association (the “ Trustee ”) entered into an Eleventh Supplemental Indenture (the “ Eleventh Supplemental Indenture ”) relating to the Fund’s issuance of $ 600,000,000 in aggregate principal amount of its 6.300% notes due 2031 (the “ Notes ”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HPS Corporate Lending Fund entered into Registration Rights Agreement with Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc. and Truist Securities, Inc. (effective 2026-05-19).

Action: entry
Agreement: underwriting
Counterparty: Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc. and Truist Securities, Inc.
Effective: 2026-05-19

Exact text from the filing

the Fund entered into a Registration Rights Agreement, dated as of May 19, 2026, with Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc. and Truist Securities, Inc. as the representatives of the initial purchasers of the Notes (the “ Registration Rights Agreement ”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HPS Corporate Lending Fund entered into Eleventh Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $600,000,000 (effective 2026-05-19).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $600,000,000
Effective: 2026-05-19

Exact text from the filing

On May 19, 2026, HPS Corporate Lending Fund (the “ Fund ”) and U.S. Bank Trust Company, National Association (the “ Trustee ”) entered into an Eleventh Supplemental Indenture (the “ Eleventh Supplemental Indenture ”) relating to the Fund’s issuance of $ 600,000,000 in aggregate principal amount of its 6.300% notes due 2031 (the “ Notes ”)

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-26-230754

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