HPS Corporate Lending Fund 8-K

What Happened

• HPS Corporate Lending Fund announced regular and variable supplemental cash distributions for each share class declared January 27, 2026. Record date is January 31, 2026; payments will be made on or about February 27, 2026 and may be taken in cash or reinvested.
• Gross regular distribution: $0.1600 per share for all classes, plus a variable supplemental distribution of $0.0550 per share. Net total distributions per share by class: Class I $0.2150, Class D $0.2096, Class F $0.2043, Class S $0.1968.
• The Fund reported net asset value (NAV) per share of $25.22 for all classes as of December 31, 2025. Aggregate NAV was $12,436.8 million; investment portfolio fair value was $25,337.4 million; principal debt outstanding was $12,989.7 million. Average debt-to-equity in December 2025 was ~0.99x.
• The Fund is offering up to $15.0 billion in shares on a continuous basis. Through the January 1, 2026 subscription date the Fund issued 524,594,020 shares for about $13.2 billion (Class I ~208.2M shares / $5.3B; Class D ~51.9M / $1.3B; Class F ~231.4M / $5.8B; Class S ~33.1M / $0.8B).

Key Details

• Distribution record date: January 31, 2026; payment date: on or about February 27, 2026.
• Gross regular distribution: $0.1600/share + $0.0550 supplemental; net totals by class: I $0.2150, D $0.2096, F $0.2043, S $0.1968.
• NAV per share (12/31/2025): $25.22 for all classes; aggregate NAV $12,436.8M; portfolio fair value $25,337.4M; debt outstanding $12,989.7M.
• Offering status: ~524.6M shares issued for ~$13.2B of the $15.0B continuous offering (≈$1.8B remaining capacity).

Why It Matters

• Distributions: The declared regular plus supplemental distributions provide predictable cash flow for shareholders and an option to reinvest via the Fund’s reinvestment plan. Dates and per-share amounts matter to income-focused investors.
• Financial position and leverage: NAV per share uniformity ($25.22) and the reported portfolio fair value vs. principal debt give investors a snapshot of scale and leverage (average debt-to-equity ~0.99x), useful for assessing risk and income sustainability.
• Offering progress: The Fund has raised roughly $13.2B of its $15.0B continuous offering, indicating continued capital inflows and potential dilution dynamics if additional shares are issued.