Hudson Pacific intends to sell fixed-rate senior notes due 2029

By Devika Patel

Knoxville, Tenn., Feb. 20 – Hudson Pacific Properties, LP plans to sell fixed-rate senior notes due 2029, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call until three months prior to maturity and then a par call.

The notes will be guaranteed by Hudson Pacific Properties, Inc.

BofA Merrill Lynch, Wells Fargo Securities LLC, U.S. Bancorp Investments Inc., Barclays, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used to repay all or a portion of the company’s borrowings under its revolving credit facility, to repay all or a portion of its $75 million five-year term loan due November 2020 and for other general corporate purposes.

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

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