Hudson Pacific Properties, Inc. (HPP): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Hudson Pacific Properties, Inc. incurred loan of $475 million with Goldman Sachs Bank USA, Morgan Stanley Bank, N.A. and Wells Fargo Bank, N.A., collectively, as lender at 376 basis points over one-month term SOFR.

Instrument: loan
Principal: $475 million
Counterparty: Goldman Sachs Bank USA, Morgan Stanley Bank, N.A. and Wells Fargo Bank, N.A., collectively, as lender
Rate: 376 basis points over one-month term SOFR
Event: incurrence

Exact text from the filing

certain wholly owned subsidiaries (each a “Borrower” and, collectively, the “Borrowers”) of the Operating Partnership entered into a loan agreement (the “Loan Agreement”) with Goldman Sachs Bank USA, Morgan Stanley Bank, N.A. and Wells Fargo Bank, N.A., collectively, as lender (collectively, the “Lender”), secured by six office properties for total gross proceeds of $475 million (the “Loan”).

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Hudson Pacific Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001482512-25-000032

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