Ropes & Gray advised the initial purchasers for HPS Corporate Lending Fund’s $400 million investment grade bond offering of its 6.250% notes due 2029. The transaction was disclosed June 18 in an SEC filing.
HPS Corporate Lending Fund is a public, perpetually non-traded business development company that seeks to deliver attractive risk-adjusted returns, primarily in the form of current income, by investing in a diversified, high-quality portfolio of predominantly senior secured, floating-rate privately originated loans to upper-middle market companies.
The deal team was led by capital markets partner Paul Tropp.
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