|8-KFeb 27, 2:37 PM ET

HPS Corporate Lending Fund 8-K

Research Summary

AI-generated summary

Updated

HPS Corporate Lending Fund Increases Revolving Credit Facility to $2.65B

What Happened

  • HPS Corporate Lending Fund filed an 8-K on February 27, 2026 reporting that it entered into a Commitment Increase Agreement to raise commitments under its Senior Secured Revolving Credit Agreement. The lenders’ aggregate commitments increase from $2,250,000,000 to $2,650,000,000. The Revolving Credit Facility was originally dated June 23, 2022.

Key Details

  • Agreement date: February 27, 2026.
  • New aggregate commitments: $2,650,000,000 (up $400,000,000 from $2,250,000,000).
  • Assuming lender added: Truist Bank (multicurrency commitment).
  • Increasing lenders include: U.S. Bank National Association, Sumitomo Mitsui Banking Corporation, Royal Bank of Canada and BNP Paribas; JPMorgan Chase Bank, N.A. remains administrative agent and issuing bank.
  • The facility’s accordion feature allows future increases up to a $2,962,500,000 maximum, subject to the facility’s terms.
  • The Commitment Increase Agreement is filed as Exhibit 10.1 to the Form 8-K.

Why It Matters

  • The increase gives the Fund an additional $400 million of committed borrowing capacity, improving liquidity and financial flexibility without issuing new equity. Investors should view this as a financing update—expanding available credit that the Fund can draw under the existing secured revolving facility. The filing confirms the change in lender commitments and preserves the option to expand further (to $2.9625B) under the facility’s accordion feature.