HPS Corporate Lending Fund 8-K

What Happened
HPS Corporate Lending Fund (the Fund) filed an 8-K on December 29, 2025 announcing regular and variable supplemental distributions for each share class payable to holders of record on December 31, 2025 and to be paid on or about January 30, 2026. The Fund also disclosed its net asset value (NAV) per share as of November 30, 2025, the fair value of its investment portfolio, outstanding principal debt and the status of its continuous public offering.

Key Details

• Distributions: Gross regular distribution of $0.1600 per share for all classes plus a variable supplemental distribution of $0.0550 per share. Net total distributions per class: Class I $0.2150; Class D $0.2096; Class F $0.2043; Class S $0.1968. Payments may be made in cash or reinvested under the Fund’s reinvestment plan.
• NAV and balance sheet (as of Nov. 30, 2025): NAV per share $25.27 for all classes; aggregate NAV $12,623.8 million; fair value of investment portfolio $24,872.9 million; principal debt outstanding $12,739.0 million; average debt-to-equity about 1.00x in November 2025.
• Offering status (through Dec. 1, 2025): Ongoing continuous public offering up to $15.0 billion. Shares issued totaling 517,274,353 with approximately $13.0 billion in total consideration (Class I ~204.6M shares / $5.2B; Class D ~51.9M / $1.3B; Class F ~228.3M / $5.7B; Class S ~32.5M / $0.8B).

Why It Matters
These items matter to investors because the declared distributions affect expected income (cash or reinvested) and the NAV, portfolio value and leverage metrics provide a snapshot of the Fund’s size and financial position as of late 2025. The continuing $15.0 billion offering and $13.0 billion issued to date show ongoing capital-raising and scale, while the roughly 1.0x debt-to-equity ratio indicates the Fund’s leverage level used to finance its portfolio.