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S&P assigns HPS Fund notes BBB-
S&P said that it assigned a BBB- debt rating to HPS Corporate Lending Fund's planned $400 million of senior unsecured notes due 2029.
The fund expects to use the proceeds to expand its investment portfolio, for general corporate purposes, and to repay outstanding debt under its secured credit facilities, which had $751 million outstanding on the revolver and $1.58 billion outstanding on other secured facilities as of Sept. 30.
The outlook is stable.
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