{"schema_version":"secwatch.filing_event.v1","accession":"0001482512-25-000018","form_type":"8-K","ticker":"HPP","cik":"0001482512","company_name":"Hudson Pacific Properties, Inc.","filed_at":"2025-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.747427+00:00","generated_at":"2026-05-27T03:57:19.431980+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Hudson Pacific cuts revolving credit facility by $125M to $775M; eases covenants, sets rate floor","bullets":["Revolving commitments permanently reduced by $125M, to $775M aggregate.","Minimum adjusted EBITDA-to-fixed-charges covenant lowered from 1.50x to 1.40x.","Minimum unencumbered NOI-to-unsecured-interest-expense reduced from 2.00x to 1.75x.","Applicable margin and facility fee set at no lower than Level IV, effectively raising borrowing cost.","Proceeds from revolving facility cannot be used to repurchase or redeem common equity."],"urls":{"canonical":"https://secwatch.observer/filing/0001482512-25-000018","json":"https://secwatch.observer/filing/0001482512-25-000018.json","markdown":"https://secwatch.observer/filing/0001482512-25-000018.md","text":"https://secwatch.observer/filing/0001482512-25-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482512/000148251225000018/0001482512-25-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482512/000148251225000018/hpp-20250129.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T03:57:19.431980+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}