8-K: Current report
Published on May 1, 2025
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On April 29, 2025, HPS Corporate Lending Fund (the “Fund”), as borrower, entered into that certain Amendment No. 3 to Senior Secured Revolving Credit Agreement (the “Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, and the lenders party thereto, amending that certain Senior Secured Revolving Credit Agreement, dated as of June 23, 2022, among the Fund, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, and the lenders party thereto (as amended by that certain Amendment No. 1, dated October 30, 2023, by that certain Amendment No. 2, dated June 11, 2024 and by the Amendment, the “Credit Agreement”). Capitalized terms used but not defined herein shall have the meanings specified in the Credit Agreement.
The Amendment provides for, among other things, (i) an increase in the aggregate commitments of the lenders from $1,625,000,000 to $1,975,000,000, (ii) an extension of the Commitment Termination Date from October 30, 2027 to April 29, 2029, (iii) an extension of the Maturity Date from October 30, 2028 to April 29, 2030, (iv) an amendment to the accordion provision to permit increases up to a total facility amount of $2,962,500,000, (v) a reduction in the Applicable Margin from a range of 75 to 87.5 basis points in the case of any ABR Loan and 175 to 187.5 basis points in the case of any other Loan, to a range of 52.5 to 77.5 basis points in the case of any ABR Loan and 152.5 to 177.5 basis points in the case of any other Loan, and (vi) a 5 basis point reduction in the Commitment Fee.
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 2.03. | Creation of Direct Financial Obligation. |
The information included under Item 1.01 above regarding the Amendment and the Credit Agreement is incorporated by reference into this Item 2.03.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| 10.1* | Amendment No. 3 to Senior Secured Revolving Credit Agreement, dated April 29, 2025, by and among HPS Corporate Lending Fund, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, and the lenders party thereto. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
| * | Schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted schedules to the SEC upon its request. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HPS CORPORATE LENDING FUND | ||||||
| Date: May 1, 2025 | By: | /s/ Robert Busch |
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| Name: | Robert Busch | |||||
| Title: | Chief Financial Officer and Principal Accounting Officer | |||||