Item 1.01. Entry into a Material Definitive Agreement.
Amendment to Note Purchase Agreement
September 23, 2021, Hancock Park Corporate Income, Inc., a Marylandcorporation (the "Company"), executed an amendment (the "Amendment") to its Note Purchase Agreement dated November 27, 2019(the "Agreement") with a qualified institutional investor (the "Purchaser"), under which the Company previously sold to the Purchaser in a private placement 6.50% unsecured notes due November 27, 2024in an aggregate principal amount of $15,000,000(the "Notes"). The Amendment, among other things: (i) extends the scheduled maturity date of the Notes from November 27, 2024to November 27, 2026, (ii) reduces the coupon rate of the Notes from 6.50% to 5.50%, and (iii) reduces the default rate of the Notes, if applicable, from 8.50% to 7.50%. In addition, under the Agreement as amended by the Amendment, the Company may, at its option, upon notice to the Purchaser, redeem at any time all, or from time to time any part of, the Notes, in an amount not less than 10% of the aggregate principal amount of the Notes then outstanding in the case of a partial redemption, at 100% of the principal amount so redeemed, together with interest on such Notes accrued to, but excluding, the date of redemption, and with no redemption settlement amount paid by the Company in connection with any such redemption. Except as set forth in the Amendment, the Agreement continues in full force and effect. In connection with the Amendment, the Company paid to the Purchaser a structuring fee equal to one percent (1%) of the principal amount outstanding in respect of the Notes, or $150,000. The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Form 8-K is incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment to the Note Purchase Agreement by and between Hancock Park Corporate Income, Inc.and the Purchaser party thereto, dated September 23, 2021. *****