Hudson Pacific - Hudson Pacific Properties Announces Public Green Bond Offering
LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (“Hudson Pacific” or the “Company”)(NYSE: HPP),today announced that its operating partnership, Hudson Pacific Properties, L.P. (the “Operating Partnership”), has commenced an underwritten public offering of senior notes. The notes will be senior unsecured obligations of the Operating Partnership and will be fully and unconditionally guaranteed by the Company.
The Operating Partnership intends to allocate an amount equal to the net proceeds to finance and/or refinance, in whole or in part, new or existing Eligible Green Projects in the following categories: green buildings, renewable energy, energy efficiency and/or clean transportation. Pending the allocation of an amount equal to the net proceeds from the offering to Eligible Green Projects, the Operating Partnership intends to use the net proceeds from the offering to repay amounts outstanding from time to time under its revolving credit facility (including amounts borrowed to finance the initial consideration for the acquisition of Quixote Studios) and/or other indebtedness.
The offering of the notes will be made under an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) and only by means of a prospectus and prospectus supplement. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available by visiting the EDGAR database on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes or any other securities, nor shall there be any offer, solicitation or sale of the notes or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Hudson Pacific Properties
Hudson Pacific (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company’s control that may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the Company from time to time with the SEC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220907006332/en/
Investor Contact
Laura Campbell
Executive Vice President, Investor Relations & Marketing
(310) 622-1702
lcampbell@hudsonppi.com
Media Contact
Laura Murray
Senior Director, Communications
(310) 622-1781
lmurray@hudsonppi.com
Source: Hudson Pacific Properties, Inc.
Hudson Pacific Properties
Symbol: HPP
Exchange: NYSE
Founded: 2009 (15 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office, Diversified
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
Latest Price: $4.90
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Last updated: 2024-12-22 - v1.3