HPS Corporate Lending Fund Raises $600M

HPS Corporate Lending Fund issued $600 million in 5-year unsecured notes at 6.300%, maturing August 19, 2031, and intends to use the proceeds for new investments, to pay down existing borrowings, and for general corporate purposes. HPS simultaneously entered into an interest rate swap converting the fixed 6.300% coupon to floating (3-month SOFR plus 2.394%) — aligning the liability cost structure with its predominantly floating rate loan portfolio and reducing net interest rate risk. This capital raise comes on the heels of HPS Corporate Lending Fund fulfilling only 54% of 1Q26 redemption requests.