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HPS Corporate Lending Fund·8-K

Jun 24, 5:13 PM ET

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HPS Corporate Lending Fund 8-K

Research Summary

AI-generated summary

Updated

HPS Corporate Lending Fund Declares June Distributions; NAV & Offering Update

What Happened
HPS Corporate Lending Fund announced on June 23, 2026 that it declared regular and variable supplemental distributions for each class of common shares, payable to shareholders of record as of June 30, 2026 and to be paid on or about July 31, 2026. The Fund also reported its net asset value (NAV) per share as of May 31, 2026 and updated the status of its continuous public offering of shares.

Key Details

  • Distributions (declared June 23, 2026; record date June 30, 2026; pay date on/about July 31, 2026):
    • Gross regular distribution: $0.1600 per share for all classes.
    • Shareholder servicing/distribution fees: Class I $0.0000; Class D $0.0050; Class F $0.0101; Class S $0.0171.
    • Net regular distribution per share: Class I $0.1600; D $0.1550; F $0.1499; S $0.1429.
    • Variable supplemental distribution: $0.0420 per share for all classes.
    • Net total distribution per share: Class I $0.2020; D $0.1970; F $0.1919; S $0.1849.
    • Distributions may be paid in cash or reinvested under the Fund’s reinvestment plan.
  • NAV and balance sheet (as of May 31, 2026): NAV per share $24.53 (all classes); aggregate NAV $12,562.0 million; investment portfolio fair value $24,511.4 million; principal debt outstanding $12,618.2 million. Average debt-to-equity ratio in May 2026 ≈ 1.01x.
  • Offering status (through June 1, 2026 subscription date): the Fund is offering up to $15.0 billion in shares on a continuous basis and has issued 558,501,205 shares for total consideration of about $14.0 billion: Class I 233,016,413 ($5.9B); Class D 52,469,287 ($1.3B); Class F 238,220,775 ($6.0B); Class S 34,794,730 ($0.9B). The Fund intends to continue monthly sales.

Why It Matters
For investors, the declared distributions represent the cash (or reinvestment) income expected for July payment and show the Fund’s current distribution policy across share classes. The NAV, portfolio fair value, and debt figures give a snapshot of size and leverage (debt-to-equity ≈1.01x) as of May 31, 2026. The offering update shows the Fund has raised about $14.0B of up to $15.0B, which is material for share supply and potential dilution considerations.

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