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.

11/04/2021