Hudson Pacific Properties Announces Pricing for Preferred Share Offering

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LOS ANGELES, November 05, 2021– (BUSINESS WIRE) –Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) announced today the price of a subscribed public offering of 16,000,000 shares of 4.750% Cumulative Redeemable Preferred Shares Series C, at a price per share of $ 25.00, for gross proceeds of 400,000 $ 000, before deducting the subscription rebate and estimated offering fees. The Company has granted the underwriters of the Offer a thirty day option to purchase up to 2,400,000 additional shares of 4.750% Cumulative Redeemable Preferred Shares Series C only to cover over-allotments, if any. The offer is scheduled to close on November 16, 2021, subject to customary closing conditions. The Company intends to apply for the Cumulative Redeemable Preferred Shares Series C to be listed on the New York Stock Exchange under the symbol “HPP Pr C”.

The Company intends to pay the net proceeds of this offering to its operating partnership, which intends to use this proceeds to repay amounts outstanding from time to time under its credit facility and / or other debts, finance development or redevelopment activities, finance potential acquisition opportunities, provide funds for leasehold improvements and capital expenditures, and provide working capital and / or other general purposes of the company.

BofA Securities, Morgan Stanley, Wells Fargo Securities and RBC Capital Markets are acting as co-book managers for the offering.

This offering is being made pursuant to a current pre-registration statement, prospectus and related preliminary prospectus supplement filed by the Company with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the Prospectus Supplement and the related prospectus of this offering may be obtained, when available, by calling or emailing (i) BofA Securities, Inc. toll free at 1-800-294-1322 or to [email protected]; (ii) Morgan Stanley & Co. LLC toll free at 1-866-718-1649; (iii) Wells Fargo Securities, LLC toll free at 1-800-645-3751, or (iv) RBC Capital Markets, LLC toll free at 1-866-375-6829.

About Hudson Pacific Properties

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling over 20 million square feet, including land to be developed. Focused on the global epicenters of innovation, media and technology, its key tenants include Fortune 500 and leading growth companies such as Google, Netflix, Riot Games, Square, Uber and more. Hudson Pacific is listed on the New York Stock Exchange under the symbol HPP and listed as a component of the S&P MidCap 400 Index.

Forward-looking statements

This press release may contain forward-looking statements within the meaning of federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions regarding matters that are not historical facts. In some cases, you can identify forward-looking statements by using forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “anticipate”, “anticipate”, “Believes”, “estimates”, “predicts” or “potential” or the negative of such words and expressions or similar words or expressions which are predictions or indicate future events or trends and which do not relate solely to historical questions. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the control of the Company, which may cause actual results to differ materially from those expressed in forward-looking statements. All forward-looking statements reflect the Company’s beliefs, assumptions and good faith expectations, but they are not guarantees of future performance. Further, 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 statement, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10 -K and subsequent quarterly reports on Form 10-Q 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.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211104006426/en/

Contacts

Investor contact
Laura Campbell
Executive Vice President, Investor Relations and Marketing
(310) 622-1702
[email protected]

Media contact
Laura Murray
Director, Communications
(310) 622-1781
[email protected]

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