Hudson Pacific Properties (HPP) prices $400 million preferred stock offering.

Hudson Pacific Properties, Inc. (HPP) announced today that it has priced an offering of $400 million 4.750% Series C Cumulative Preferred Stock.  Expected ratings for the preferred offering are Baa3/BB.  The issue includes a customary five year non-call provision that expires November 16, 2026.

Hudson Pacific specializes in the ownership and development of Class-A office and media properties on the West Coast. The company's portfolio includes interests in 55 consolidated properties with 15.3 million square feet concentrated in Seattle, San Francisco and Los Angeles.