Tender Offer - HPS Corporate Lending Fund
Form Type: SC TO-I
Filing Date: 2025-02-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000183812625000006
Filing Summary: HPS Corporate Lending Fund has filed a Tender Offer Statement under Rule 13e-4, announcing a tender offer for its own shares. The fund intends to purchase up to 17,068,332 shares, approximately 5% of its outstanding shares as of December 31, 2024. The offer will commence on February 3, 2025, and will expire on March 4, 2025, unless extended. The purchase price for the shares will be based on their net asset value as of March 31, 2025. Shareholders whose shares are accepted will receive a non-interest bearing promissory note as compensation. The fund is organized as a Delaware statutory trust and is regulated as a business development company under the Investment Company Act of 1940. HPS Advisors, LLC serves as the investment adviser. The filing includes key details about the offer process, including the conditions and the procedure for tendering shares. The offer aims to provide liquidity to shareholders as shares are not traded in any market.
Additional details:
Title Of Class Of Securities: Class I, Class D, Class S and Class F Shares of Beneficial Interest
Cusip Numbers: 40440V303 , 40440V204, 40440V105 and 40440V402
Number Of Shares Outstanding: 341,366,636
Offer Amount: 17,068,332
Offer Expiration Date: 2025-03-04
Placing Of Tender Offer: issuer tender offer
Net Asset Value Date: 2025-03-31
Persons Authorized To Receive Notices: Yoohyun K. Choi, HPS Advisors, LLC, 40 West 57th Street, 33rd Floor, New York, NY 10019
Acceptance Letter Details: Shareholders will receive an Acceptance Letter and a promissory note for the accepted shares.
Form Type: SC TO-I/A
Filing Date: 2024-11-01
Corporate Action: Tender-offer
Type: Update
Accession Number: 000183812624000074
Filing Summary: The final amendment to the Issuer Tender Offer Statement on Schedule TO was filed by HPS Corporate Lending Fund to report the result of its tender offer to repurchase shares. The offer commenced on August 1, 2024, and expired on August 29, 2024. It involved the purchase of up to 13,888,086 shares, with a net asset value determined as of September 30, 2024. A total of 1,766,987 shares were validly tendered, and the purchase price was calculated at $25.56 per share. Shareholders received a total payment of $45,159,001, made in non-interest bearing promissory notes. This document serves as the final amendment, confirming completion and results of the offer.
Additional details:
Acquirer Cik: 1838126
Target Cik: 1838126
: 0
Price: 25.56
Form Type: SC TO-I
Filing Date: 2024-02-01
Corporate Action: Tender-offer
Type: New
Accession Number: 000183812624000014
Filing Summary: HPS Corporate Lending Fund is making an issuer tender offer to purchase up to 5% of its shares. The tender offer was announced on February 1, 2024, and is subject to Rule 13e-4. The offer is scheduled to expire on March 1, 2024. The purchase price will be based on the net asset value as of March 31, 2024. The fund will send acceptance letters and non-interest bearing promissory notes to shareholders whose tenders are accepted.
Additional details:
Acquirer Cik: 1838126
Target Cik: 1838126
: stock
Percentage: 5
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