11/20/2024 | Press release | Distributed by Public on 11/20/2024 15:50
Item 1.01. |
Entry into a Material Definitive Agreement. |
On November 18, 2024 (the "Amendment Date"), HPS Corporate Lending Fund (the "Fund") executed the First Amendment to Loan and Security Agreement (the "Amendment"), amending that certain Loan and Security Agreement, dated as of March 28, 2024, among the Fund, as equityholder and collateral manager, HLEND Holdings E, L.P. as borrower (the "Borrower"), Wells Fargo Bank, National Association, as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent, U.S. Bank National Association, as document custodian, and the lenders from time to time party thereto (as amended and/or supplemented prior to the Amendment Date, the "Credit Agreement"). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Credit Agreement (as amended by the Amendment).
The Amendment, among other things, (i) increases the total facility amount from $300,000,000 to $750,000,000, (ii) reduces the Applicable Spread from 2.25% per annum to 1.85% per annum, (iii) extends the Reinvestment Period from March 2027 to November 2027, and (iv) extends the Facility Maturity Date from March 2029 to November 2029.
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 andincorporated by reference herein.