Material Agreement, Financial Obligation (Form 8-K)

On March 26, 2026 (the "Closing Date"), HPS Corporate Lending Fund (the "Fund") completed its $748,300,000 term debt securitization (the "2026-5Debt Securitization"), also known as a collateralized loan obligation transaction, in connection with which a subsidiary of the Fund issued the Debt (as defined below). The 2026-5Debt Securitization is subject to the Fund's overall asset coverage requirement.

The debt offered in the 2026-5Debt Securitization was issued by HLEND CLO 2026-5, LLC(the "2026-5Issuer"), an indirect, wholly-owned and consolidated subsidiary of the Fund, and consists of (i) Class A-1Senior Secured Floating Rate Notes (the "Class A-1Notes"), (ii) Class A-2Senior Secured Floating Rate Notes (the "Class A-2Notes"), (iii) Class B Senior Secured Floating Rate Notes (the "Class B Notes" and, together with the Class A-1Notes and the Class A-2Notes, collectively, the "Secured Notes"), and (iv) subordinated notes (the "Subordinated Notes" and, together with the Secured Notes, the "Debt"), the terms of which are summarized in the table below:

On the Closing Date and in connection with the 2026-5Debt Securitization, the 2026-5Issuer entered into a placement agency agreement (the "Placement Agreement") with Scotia Capital (USA) Inc., as the placement agent (the "Placement Agent"), pursuant to which the Placement Agent placed the Debt issued pursuant to an indenture (the "Indenture"), between the 2026-5Issuer and U.S. Bank Trust Company, National Association, as trustee, as part of the 2026-5Debt Securitization. HLEND CLO 2026-5Investments, LLC (the "Depositor"), a wholly-owned subsidiary of the Fund, retained all of the Subordinated Notes issued in the 2026-5Debt Securitization.

The 2026-5Debt Securitization is backed by a diversified portfolio of middle-market commercial loans and participation interests, which is managed by the Fund as collateral manager (the "Collateral Manager") pursuant to a collateral management agreement entered into with the 2026-5Issuer on the Closing Date (the "Collateral Management Agreement"). The Collateral Manager has agreed to irrevocably waive all collateral management fees payable to it so long as it is the collateral manager under the Collateral Management Agreement. The Debt is scheduled to mature on April 15, 2039; however, the Debt may be redeemed by the 2026-5Issuer, at the written direction of (i) a majority of the Subordinated Notes with the consent of the Collateral Manager and the Fund in its capacity as the EU/UK Retention Holder and in its capacity as the U.S. Retention Sponsor or (ii) the Collateral Manager with the consent of the Fund in its capacity as the EU/UK Retention Holder and in its capacity as the U.S. Retention Sponsor, in each case, on any business day on or after March 26, 2028.

As part of the 2026-5Debt Securitization, the Fund, the Depositor and the 2026-5Issuer entered into a sale and contribution agreement on the Closing Date (the "Sale Agreement"), pursuant to which the Fund sold, transferred, assigned, contributed or otherwise conveyed to the Depositor and the Depositor subsequently sold, transferred, assigned, contributed or otherwise conveyed to the 2026-5Issuer the loans therein securing the 2026-5Debt Securitization for the purchase price and other consideration set forth in the Sale Agreement. In the case of certain loans sold on the Closing Date, to the extent that the assignment of such loans could not settle on the Closing Date, pursuant to the Sale Agreement, the Fund assigned a participation interest in such loans to the Depositor (which subsequently assigned such participation interest to the Issuer), such that the 2026-5Issuer is the participant on such loans from the Closing Date until the date the transfer of those loans is settled at the 2026-5Issuer. Following these transfers, the 2026-5Issuer, and not the Depositor or the Fund, holds all of the ownership interest in such loans and participations therein. The Fund made customary representations, warranties and covenants in the Sale Agreement.

The Secured Notes are the secured obligation of the 2026-5Issuer, the Subordinated Notes are the unsecured obligations of the 2026-5Issuer, and the Indenture governing the Secured Notes and the Subordinated Notes includes customary covenants and events of default. The Secured Notes and the Subordinated Notes have not been, and will not be, registered under the Securities Act of 1933, as amended, or any state securities or "blue sky" laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from registration.

The descriptions of the documentation related to the 2026-5Debt Securitization contained in this Current Report on Form 8-Kdo not purport to be complete and are qualified in their entirety by reference to the underlying agreements, attached hereto as Exhibits 10.1, 10.2, 10.3 and 10.4, incorporated into this Current Report on Form 8-Kby reference.

The information included under Item 1.01 above is incorporated by reference into this Item 2.03.