Hudson Pacific Properties, Inc. (NYSE: HPP) has amended and extended its existing unsecured revolving credit facility.
The amendment increases permitted borrowings to $795 million with a year-end 2026 maturity date, providing access to $462 million maturing year-end 2029.
The interest rate remains SOFR plus 115 to 160 basis points, with certain covenant modifications including a minimum liquidity covenant of $125 million.
Increased Borrowing Capacity
The credit facility amendment increases permitted borrowings to $795 million compared to $775 million previously.
Extended Maturity Profile
Access to $462 million of permitted borrowings maturing year-end 2029, including extension options.
Interest Rate Stability
Maintaining the current interest rate of SOFR plus 115 to 160 basis points.
- The amendment and extension provide Hudson Pacific Properties with significant capital flexibility through 2029.
- Modifications to covenants ensure financial resilience and liquidity requirements are met.
- The continued strong participation among core banking partners highlights confidence in the company's strategic objectives.
Hudson Pacific Properties' amended credit facility and extended maturity ladder demonstrate a proactive approach to securing capital for future growth and strategic initiatives.