Hudson Pacific reports no direct SVB exposure; 11 tenants have SVB letters of credit

Hudson Pacific Properties, Inc.

No bank accounts, loans, or leases with SVB; no investments in SVB-led venture funds.
11 of ~900 tenants (2% of in-service office sq ft) have SVB letters of credit; company working to replace them.
No direct exposure to Signature Bank; no Signature Bank letters of credit.
Company expects all SVB depositors to have full access; tenants may have separate banking relationships.

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