UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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of the Securities Exchange Act of 1934
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| Item 1.01. | Entry into a Material Definitive Agreement |
On June 22, 2023, HPS Corporate Lending Fund (the “Fund”) entered into that certain Amendment Agreement (the “Amendment”) among the Fund, HLEND Holdings C, L.P., as borrower (the “Borrower”), U.S. Bank Trust Company, National Association, as administrative agent and U.S. collateral agent, U.S. Bank National Association, as U.S. custodian and document custodian, Blackstone Asset Based Finance Advisors LP, as Blackstone representative, and the lenders party thereto, amending that certain Credit Agreement, dated as of January 12, 2023, among the Borrower, the Fund, as equity holder, the lenders from time to time party thereto, U.S. Bank Trust Company, National Association, as administrative agent and U.S. collateral agent, U.S. Bank National Association, as U.S. custodian and document custodian, and Blackstone Asset Based Finance Advisors LP, as Blackstone representative (as amended and supplemented, the “Credit Agreement”). Capitalized terms used herein shall have the meanings in the Credit Agreement.
The Amendment provides for, among other things, an increase in the aggregate commitments of the lenders under the Credit Agreement from $400,000,000 to $750,000,000. In addition, under the Amendment, the minimum utilization fees are adjusted such that the percentage used to calculate such fee is 0% for the period from the Closing Date until the six-month anniversary of the Closing Date, 34.6666% for the period from the six-month anniversary of the Closing Date until the three-month anniversary of the date of the Amendment, and 65% thereafter.
The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to a copy of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, HPS Corporate Lending Fund has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HPS CORPORATE LENDING FUND | ||||||
| Date: June 27, 2023 | By: | /s/ Yoohyun K. Choi | ||||
| Name: | Yoohyun K. Choi | |||||
| Title: | Secretary | |||||