Hudson Pacific amends credit facility to replace LIBOR with Term SOFR plus 10 bps spread

Hudson Pacific Properties, Inc.

First Modification Agreement dated Sept 15, 2022; effective immediately.
Term SOFR replaces LIBOR for USD borrowings; credit spread adjustment of 0.10% added.
No change to $1B revolving commitment, maturity, or other covenants.
LIBOR-based loans transitioned to Adjusted Term SOFR or Adjusted Daily Simple SOFR.
Amendment follows industry-wide benchmark transition; no financial impact disclosed.

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