debt
confidence high
sentiment positive
materiality 0.80
Hudson Pacific closes $475M CMBS financing on six office properties
Hudson Pacific Properties, Inc.
- $475M CMBS loan secured by 6 west-coast office properties; 5-year term (2+3 extensions) at SOFR + 376 bps.
- Proceeds used to repay $168M Element LA loan and outstanding revolver borrowings.
- Liquidity now ~$815M ($752M revolver + $63M cash); additional $34M share of Sunset Pier 94 Studios construction loan.
- Goldman Sachs lead manager, Morgan Stanley and Wells Fargo co-lead.