Hudson Pacific Properties Announces Cash Tender Offer for Outstanding Notes
Key Highlights
- ➤Hudson Pacific launches $200 million cash tender offer for outstanding notes
- ➤2027 notes target allocation $100 million, offered $980 per $1,000
- ➤2028 notes target allocation $100 million, offered $991.25 per $1,000
- ➤Tender offer expires 5:00 p.m. New York time on October 9, 2026
- ➤Settlement expected October 14, 2026, funded with cash or revolver borrowings
Hudson Pacific Properties Announces Cash Tender Offer for Outstanding Notes
Hudson Pacific Properties, Inc. (NYSE: HPP) (“Hudson Pacific”) today announced that its operating partnership, Hudson Pacific Properties, L.P. (the “Company”), has commenced an offer to purchase for cash (the “Tender Offer”) up to a combined aggregate principal amount of $200,000,000 (the “Aggregate Maximum Tender Offer Amount”) of the Company’s outstanding 3.950% Senior Notes due 2027 (the “2027 Notes”) and 5.950% Senior Notes due 2028 (the “2028 Notes” and together with the 2027 Notes, the “Notes” and each a “Series” of Notes) as shown in the table below, subject to the Allocation Procedures, including the Proration Factor (each as defined below). The Company is offering to purchase $100,000,000 aggregate principal amount of each Series of Notes (the “Target Allocation”).
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