---
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"
generated_at: "2026-05-27T03:57:19.431980+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hudson Pacific cuts revolving credit facility by $125M to $775M; eases covenants, sets rate floor

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482512-25-000018
- JSON: https://secwatch.observer/filing/0001482512-25-000018.json
- Plain text: https://secwatch.observer/filing/0001482512-25-000018.txt

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