Material Agreement, Financial Obligation (Form 8-K)

On October 22, 2025 (the "Refinancing Date"), HPS Corporate Lending Fund (the "Fund") completed an $849 million term debt securitization refinancing (the "2023-1Refinancing"), also known as a collateralized loan obligation refinancing. The proceeds of the 2023-1Refinancing were used in part to refinance all of the secured notes issued in the term debt securitization originally sized at $429 million and closed on October 5, 2023 (the "Original Closing Date"). The 2023-1 Refinancing is subject to the Fund's overall asset coverage requirement.

The debt offered in the 2023-1Refinancing was issued by HLEND CLO 2023-1,LLC (the "2023-1Issuer"), an indirect, wholly-owned and consolidated subsidiary of the Fund, and consists of (i) Class A-1-RSenior Secured Floating Rate Notes (the "Class A-1-RNotes"), (ii) Class A-2-RSenior Secured Floating Rate Notes (the "Class A-2-RNotes"), (iii) Class B-RSenior Secured Floating Rate Notes (the "Class B-RNotes" and, together with the Class A-1-RNotes and the Class A-2-RNotes, collectively, the "Secured Notes") and (iv) additional subordinated notes (the "Additional Subordinated Notes"). The subordinated notes issued on the Original Closing Date (the "Existing Subordinated Notes" and, collectively with the Additional Subordinated Notes, the "Subordinated Notes") were not redeemed and remain outstanding following the Refinancing Date. The terms of the Secured Notes and the Subordinated Notes (collectively, the "Debt") are summarized in the table below:

On the Refinancing Date and in connection with the 2023-1Refinancing, the 2023-1Issuer entered into a note purchase agreement (the "Note Purchase Agreement") with BofA Securities, Inc., as the refinancing initial purchaser (the "Refinancing Initial Purchaser"), pursuant to which the Refinancing Initial Purchaser placed the Secured Notes issued pursuant to an amended and restated indenture (the "Indenture"), between the 2023-1Issuer and U.S. Bank Trust Company, National Association, as trustee, as part of the 2023-1Refinancing. HLEND CLO 2023-1Investments, LLC (the "Depositor"), a wholly-owned subsidiary of the Fund, retained all of the Subordinated Notes in connection with the 2023-1Refinancing.

The 2023-1Refinancing is backed by a diversified portfolio of middle-market commercial loans and participation interests therein, which is managed by the Fund as collateral manager (the "Collateral Manager") pursuant to an amended and restated collateral management agreement entered into with the 2023-1Issuer on the Refinancing 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 October 22, 2038; however, the Debt may be redeemed by the 2023-1Issuer, 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 October 22, 2027.

As part of the 2023-1Refinancing, the Fund, the Depositor and the 2023-1Issuer entered into a second amended and restated sale and contribution agreement on the Refinancing 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 2023-1Issuer the loans securing the 2023-1Refinancing for the purchase price and other consideration set forth in the Sale Agreement. Following this sale and transfer, the 2023-1Issuer, and not the Depositor or the Fund, holds all of the ownership interest in such loans. The Fund made customary representations, warranties and covenants in the Sale Agreement.

The Secured Notes are the secured obligations of the Issuer, and the Amended and Restated Indenture includes customary covenants and events of default. The Debt has 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 2023-1Refinancing 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 set forth under Item 1.01 of this Form 8-Kis incorporated herein by reference.