Hudson Pacific Properties Announces Public Green Bond Offering
September 08 2022 - 9:19AM
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.
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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
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