Hancock Park Corporate Income, Inc. (“HPCI”) is a closed-end, non-diversified business development company that is focused on investing in U.S.-based middle-market companies through senior secured loans including first-lien, second-lien and unitranche loans as well as subordinated debt, with an investment objective of providing our shareholders with current income and, to a lesser extent, capital appreciation. Contact Us: (847) 734-7900 info@hancockparkbdc.com HPCI is managed by OFS Capital Management, an established asset manager and full-service provider of capital and leveraged finance solutions that applies its disciplined credit-based approach to make investments. OFS Capital Management’s financing alternatives supports recapitalizations, leveraged buyouts, growth capital and corporate restructurings, underserved by traditional lenders and other capital providers. Approval of Reduced Asset Coverage under Small Business Credit Availability Act On March 23, 2018, the Consolidated Appropriations Act of 2018, which includes the Small Business Credit Availability Act (the “SBCAA”), was signed into law. The SBCAA, among other things, amends the Investment Company Act of 1940, as amended (the “1940 Act”), to permit a business development company to reduce the required minimum asset coverage ratio applicable to it from 200% to 150%, subject to certain requirements described therein. On November 6, 2018 (the “Approval Date”), HPCI’s Board of Directors (the “Board”), including a “required majority” (as such term is defined in Section 57(o) of the 1940 Act) of the Board, approved the application of the modified asset coverage requirements set forth in Section 61(a)(2) of the 1940 Act, as amended by the SBCAA. As of November 6, 2019, HPCI satisfied the requirement to extend to each of its stockholders as of the Approval Date, an offer to repurchase the equity securities held by such stockholder as of the Approval Date, with 25% of such equity securities to be repurchased in each of the four quarters following the Approval Date. Therefore, effective November 6, 2019, the asset coverage ratio test applicable to HPCI decreased from 200% to 150%. Chicago 10 South Wacker Drive Suite 2500 Chicago, IL 60606 New York 540 Madison Avenue 8th Floor New York, NY 10022 Los Angeles 4700 Wilshire Boulevard Los Angeles, CA 90010 (Registered in U.S. Patent and Trademark Office) This website uses cookies to store information on your computer, these include necessary cookies to enable core functionality such as security, network management, and accessibility. It also uses analytics cookies to help improve our website by collecting and reporting information on how visitors use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please follow our "Cookie Settings" link. Cookie SettingsAccept all cookies