HPS Corporate Lending Fund Amends Credit Facility, Boosts Line to $3.325B

What Happened
HPS Corporate Lending Fund announced on August 4, 2026 that it entered into Amendment No. 4 to its Senior Secured Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative and collateral agent, and the lenders party thereto. The Amendment increases the lenders’ aggregate commitments, extends the commitment and maturity dates, adjusts the accordion capacity, and removes a previously added 0.10% credit spread adjustment to the Term SOFR Rate for U.S. dollar loans. The filing is reported on Form 8-K (filed August 5, 2026) under Items 1.01 and 2.03.

Key Details

• Aggregate lender commitments increased from $2,650,000,000 to $3,325,000,000.
• Commitment Termination Date extended from April 29, 2029 to August 4, 2030; Maturity Date extended from April 29, 2030 to August 4, 2031.
• Accordion amended to permit increases up to a total facility of $4,987,500,000.
• Removal of a 0.10% credit spread adjustment that had been added to the Term SOFR Rate for U.S. dollar loans (reduces the applicable rate by 10 basis points versus the prior agreement).
• The Amendment gives rise to a direct financial obligation of the Fund under the Credit Agreement (Item 2.03).

Why It Matters
This amendment strengthens the Fund’s liquidity profile by increasing available revolving commitments and extending the timeline for when commitments and borrowings must be repaid. The larger accordion capacity provides optionality to raise additional credit capacity in the future. The removal of the 10 basis point spread adjustment modestly lowers borrowing cost on U.S. dollar loans under the facility. Investors should view this as a financing update that affects the Fund’s credit access and potential interest expense, rather than an operational or investment performance disclosure.