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June 25, 2024
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Hudson Pacific Properties Announces Pricing of Public Offering of $350 Mil Aggregate Principal Amount


Hudson Pacific Properties Inc’s operating partnership, Hudson Pacific Properties L.P. (the “Operating Partnership”), has priced an underwritten public offering of $350 mil aggregate principal amount of 5.950% senior notes due 2028. The notes will be senior unsecured obligations of the Operating Partnership and will be fully and unconditionally guaranteed by the Company, based in Los Angeles. The notes were issued at 99.614% of par value, with a coupon of 5.950% and will mature on February 15, 2028. The offering is expected to close on September 15, 2022, subject to customary closing conditions.

The Operating Partnership intends to allocate an amount equal to the net proceeds to finance and/or refinance, in whole or in part, new or existing Eligible Green Projects in the following categories: green buildings, renewable energy, energy efficiency and/or clean transportation. Pending the allocation of an amount equal to the net proceeds from this offering to Eligible Green Projects, the Operating Partnership intends to use the net proceeds from this offering to repay amounts outstanding from time to time under its revolving credit facility (including amounts borrowed to finance the initial consideration for the acquisition of Quixote Studios) and/or other indebtedness.

The offering of the notes will be made under an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) and only by means of a prospectus and prospectus supplement. The preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available by visiting the EDGAR database on the SEC’s website at

Wells Fargo Securities, LLC, BofA Securities, Inc., KeyBanc Capital Markets Inc., U.S. Bancorp Investments, Inc. and RBC Capital Markets, LLC are acting as joint bookrunning managers for the offering. Barclays Capital Inc., Fifth Third Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, BMO Capital Markets Corp. and Regions Securities LLC are acting as senior co-managers for the offering. Samuel A. Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC are acting as co-managers for the offering.

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