HPS Corporate Lending Fund Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$ 215,650	$ 159,029
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net change in unrealized (appreciation) depreciation on investments	(25,987)	(77,873)
Net realized (gain) loss on investments	9,949	10,731
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts	(12,494)	2,505
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies	(16,775)	1,633
Net accretion of discount and amortization of premium, net	(27,075)	(8,903)
Amortization of deferred financing costs	2,064	1,276
Amortization of debt issuance costs	1,188	295
Amortization of offering costs	453	365
Payment-in-kind interest capitalized	(15,722)	(4,669)
Payment-in-kind dividends capitalized	(761)	0
Purchases of investments	(1,416,804)	(965,575)
Proceeds from sale of investments and principal repayments	848,237	109,331
Changes in operating assets and liabilities:
Interest receivable from non-controlled/non-affiliated investments	(14,057)	(10,782)
Dividend receivable from non-controlled/non-affiliated investments	76	0
Receivable for investments	71,933	(7,922)
Other assets	(13,063)	139
Payable for investments purchased	27,604	46,560
Interest payable	1,712	18,153
Due to affiliates	947	4,595
Management fees payable	1,058	11,188
Income based incentive fees payable	5,218	14,248
Capital gains incentive fees payable	5,954	0
Distribution and/or shareholder servicing fees payable	277	74
Accrued expenses and other liabilities	(1,496)	11,173
Net cash provided by (used in) operating activities	(351,914)	(684,429)
Cash flows from financing activities:
Borrowings on debt	1,267,000	1,470,143
Repayments of debt	(1,600,966)	(815,960)
Deferred financing costs paid	(8,642)	(7,233)
Debt issuance costs paid	(12,606)	(3,646)
Deferred offering costs paid	0	(1,286)
Proceeds from issuance of Common Shares	983,041	152,702
Common Shares repurchased, net of early repurchase deduction	(63,474)	(9,814)
Distributions paid in cash	(100,552)	(54,574)
Net cash provided by (used in) financing activities	463,801	730,332
Net increase (decrease) in cash and cash equivalents	111,887	45,903
Cash and cash equivalents, beginning of period	188,775	74,241
Cash and cash equivalents, end of period	300,662	120,144
Supplemental information and non-cash activities:
Interest paid during the period	81,129	31,810
Taxes paid during the period	1,522	819
Distribution payable	51,674	29,860
Share repurchases accrued but not paid	59,526	25,769
Reinvestment of distributions during the period	69,008	37,456
Non-cash purchases of investments	2,016	19,124
Non-cash sales of investments	$ (2,016)	$ (19,124)