Hudson Pacific amends credit facility: reduces commitments to $900M, adjusts covenants

Hudson Pacific Properties, Inc.

Commitments reduced by $100M to $900M; maturity unchanged at Dec 2026 (incl. extension options).
Temporary surge provision allows total/unsecured leverage up to 65% for up to four quarters after qualifying acquisitions.
Applicable margin increases by 20 basis points whenever leverage exceeds 60%.
Studio services businesses now included in unencumbered asset value and NOI covenant calculations.
Pro forma Sep 30 metrics show total leverage at 45.9% vs 49.0% actual and unsecured leverage at 47.4% vs 57.7%.

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