New Issue: Hancock Park places $15 million 6.5% note for $14.7 million

By Devika Patel

Knoxville, Tenn., Dec. 2 – Hancock Park Corporate Income, Inc. sold a $15 million 6.5% discounted note due Nov. 27, 2024 for $14.7 million in a Nov. 27 private placement, according to an 8-K filed with the Securities and Exchange Commission.

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 for general corporate purposes.

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

Issuer:	Hancock Park Corporate Income, Inc.
Issue:	Discounted note
Amount:	$15 million
Maturity:	Nov. 27, 2024
Coupon:	6.5%, payable quarterly
Price:	$14.7 million
Call option:	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
Settlement date:	Nov. 27
Distribution:	Private placement

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