Hudson Pacific acquires Quixote Studios for $360M; deal accretive, expands studio platform

Hudson Pacific Properties, Inc.

Total consideration $360M; $200M from credit facility, $160M deferred at 5% interest due Dec 2023.
Quixote has 325 employees, 500+ cast trailers/trucks, inventory of grip/lighting, leases to 23 sound stages in LA and 3 in New Orleans.
Clients include ABC/Disney, HBO, Sony, Paramount, NBC Universal, Warner Bros.; supports hits like Yellowstone, The Morning Show.
Hudson Pacific expects immediate accretion; 2022 guidance unchanged until Q3 earnings.
Founder Mikel Elliott remains in leadership; Intrepid and Latham & Watkins advised Hudson Pacific.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.