Hudson Pacific amends credit facility, extends $462M and boosts total commitments to $795M

Hudson Pacific Properties, Inc.

Total revolving commitments increased to $795M; $462M extended to Dec 31, 2028 with two six-month extension options.
Minimum adjusted EBITDA-to-fixed-charges ratio raised from 1.4x to 1.5x for fiscal quarters ending on or after June 30, 2025.
Minimum unencumbered NOI-to-unsecured-interest-expense ratio reduced from 2.00x to 1.75x through Dec 31, 2026.
New minimum liquidity covenant of $125M of unrestricted cash, cash equivalents, and unused commitments when aggregate borrowings exceed $600M.
Interest rate unchanged at SOFR + 115-160 bps; annual fee remains 15-30 bps.

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