---
schema_version: "secwatch.filing_event.v1"
accession: "0001482512-23-000173"
form_type: "8-K"
ticker: "HPP"
cik: "0001482512"
company_name: "Hudson Pacific Properties, Inc."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:53:10.019251+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001482512-23-000173
- form_type: 8-K
- ticker: HPP
- cik: 0001482512
- company_name: Hudson Pacific Properties, Inc.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482512/000148251223000173/0001482512-23-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482512/000148251223000173/hpp-20231222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482512-23-000173
- JSON: https://secwatch.observer/filing/0001482512-23-000173.json
- Plain text: https://secwatch.observer/filing/0001482512-23-000173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.