Hudson Pacific Properties, Inc. announced on October 5, 2026, that its operating partnership has commenced a cash tender offer for outstanding debt securities. The offer targets two series of Senior Notes issued by Hudson Pacific Properties, L.P.
The tender offer is for a combined maximum aggregate principal amount of $200,000,000. Specifically, the company is offering to purchase $100,000,000 of the 3.950% Senior Notes due 2027 and $100,000,000 of the 5.950% Senior Notes due 2028. As of the announcement, the outstanding principal amounts for these securities were $400,000,000 for the 2027 Notes and $350,000,000 for the 2028 Notes.
The tender offer is scheduled to expire at 5:00 p.m., New York City time, on October 9, 2026. Holders who validly tender their notes by this date will receive the applicable Tender Offer Consideration per $1,000 principal amount, which is set at $980.00 for the 2027 Notes and $991.25 for the 2028 Notes. In addition to the principal consideration, holders will receive accrued and unpaid interest from the last interest payment date up to the anticipated settlement date of October 14, 2026.
The company intends to fund the purchase of the tendered notes using cash on hand and/or borrowings from its unsecured revolving credit facility. The tender offer is subject to the satisfaction of certain conditions and includes specific allocation procedures to determine how the purchase amounts are distributed if demand exceeds the available funds.
