HPS Corporate Lending Fund unit increase revolver to $750 million

By Wendy Van Sickle

Columbus, Ohio, June 27 – HLEND Holdings C, LP, a wholly owned subsidiary of HPS Corporate Lending Fund, entered into an amendment to its senior secured revolving credit facility on June 22 with U.S. Bank Trust Co., NA as administrative agent to upsize the commitments to $750 million from $400 million, according to an 8-K filing with the Securities and Exchange Commission.

Additionally, the minimum utilization fees were 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.

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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