Hancock Park Corporate Income sells $15 million 6.5% discounted note for $14.7 million

By Devika Patel

Knoxville, Tenn., Dec. 2 – The post-holiday week opened with one new private placement announced.

Chicago-based Hancock Park Corporate Income, Inc. reported that it issued a $15 million 6.5% discounted note due Nov. 27, 2024 for $14.7 million in a Nov. 27 private placement.

The notes are callable at 102 on or before Nov. 27, 2020, at 101 after Nov. 27, 2020 but on or before Nov. 27, 2021 and at par after Nov. 27, 2021.

Proceeds will be used by the company for general corporate purposes.

The business development company invests primarily in debt investments of and, to a lesser extent, equity investments in U.S. middle-market companies.

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