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.

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