N-2 $ in Thousands |
Oct. 05, 2023
USD ($)
|
|---|---|
| Cover [Abstract] | |
| Entity Central Index Key | 0001838126 |
| Amendment Flag | false |
| Securities Act File Number | 814-01431 |
| Document Type | 8-K |
| Entity Registrant Name | HPS CORPORATE LENDING FUND |
| Entity Address, Address Line One | 40 West 57th Street |
| Entity Address, Address Line Two | 33rd Floor |
| Entity Address, City or Town | New York |
| Entity Address, State or Province | NY |
| Entity Address, Postal Zip Code | 10019 |
| City Area Code | 212 |
| Local Phone Number | 287-6767 |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | false |
| Capital Stock, Long-Term Debt, and Other Securities [Abstract] | |
| Long Term Debt [Table Text Block] | On October 5, 2023 (the “Closing Date”), HPS Corporate Lending Fund (the “Fund”) completed a $429.10 million term debt securitization (the “2023 Debt Securitization”), also known as a collateralized loan obligation, in connection with which a subsidiary of the Fund issued the Notes (as defined below). The 2023 Debt Securitization is subject to the Fund’s overall asset coverage requirement. |
| Long Term Debt, Principal | $ 429,100 |
| Long Term Debt, Structuring [Text Block] | The notes offered in the 2023 Debt Securitization were issued by HLEND CLO 2023-1, LLC (the “2023 Issuer”), an indirect, wholly-owned and consolidated subsidiary of the Fund, and consist of (i) $246.50 million of AAA (sf) Class A Senior Secured Floating Rate Notes due 2035, which bear interest at the forward-looking term rate based on the secured overnight financing rate (“Term SOFR”) plus 2.60% (the “Class A Notes”); (ii) $42.50 million of AA (sf) Class B Senior Secured Floating Rate Notes due 2035, which bear interest at Term SOFR plus 3.35% (the “Class B Notes”); and (iii) $34.00 million of A (sf) Class C Secured Deferrable Floating Rate Notes due 2035, which bear interest at Term SOFR plus 4.15% (the “Class C Notes” and, together with the Class A Notes and the Class B Notes, the “Secured Notes”). Additionally, on the Closing Date the 2023 Issuer issued $106.10 million of Subordinated Notes due 2035 (the “Subordinated Notes”), which do not bear interest. The Secured Notes together with the Subordinated Notes are collectively referred to herein as the “Notes.”
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