Hudson Pacific Properties to pay down revolver, term loans B and D

By Sarah Lizee

Olympia, Wash., Aug. 3 – Hudson Pacific Properties, Inc. plans to repay all outstanding amounts under its revolving credit facilities and term loans B and D, which are due the second and fourth quarter 2022, respectively.

Hudson Pacific plans to use combined proceeds of about $780 million from the sale of Hudson’s three Hollywood studios and five on-lot or adjacent class A office properties to funds affiliated with Blackstone Property Partners and its share of asset-level financing.

The remainder of proceeds will be available to Hudson Pacific for potential future investments and/or share repurchases, and general corporate purposes.

Hudson Pacific is a Los Angeles-based real estate investment trust focused on office and media and entertainment properties in California.

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