secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2022-09-16T23:59:59+00:00
Accession:  0001482512-22-000127
Event type: debt
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251222000127/0001482512-22-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251222000127/hpp-20220915.htm
  HTML page:      https://secwatch.observer/filing/0001482512-22-000127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer