HPS Corporate Lending extends revolver, expands accordion feature

By Mary-Katherine Stinson

Lexington, Ky., Nov. 3 – HPS Corporate Lending Fund entered into a first amendment to its senior secured revolving credit agreement with JPMorgan Chase Bank, NA as administrative agent on Oct. 30 to adjust the accordion to allow increases up to a total facility amount of $1,912,500,000, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also extended the commitment termination date to Oct. 30, 2027 from June 23, 2026 and the maturity date to Oct. 30, 2028 from June 23, 2027. These extensions apply to the extending lenders only.

JPMorgan is also the collateral agent.

HPS is a New York-based fund that seeks to invest primarily in newly originated senior secured debt and debt securities.

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