Hudson Pacific Properties Announces Expiration and Tender Results of Cash Tender Offer for Outstanding Notes
Hudson Pacific completed its tender offer, accepting $100M of 3.950% 2027 Notes at $980.00 per $1,000 and $100M of 5.950% 2028 Notes at $991.25 per $1,000, retiring $200M of debt below par. Both series were oversubscribed — $537.9M tendered in total, driving proration factors of 35.1% (2027) and 39.9% (2028) — signaling bondholders' willingness to exit at a discount. Settlement is on or around October 14, 2026.
Key figures
- Deal Value Usd
- 200000000
- Cash funding
- 95000000
- Proration 2027
- 35.1%
- Proration 2028
- 39.9%
- Revolver funding
- 105000000
- Notes 2027 accepted
- 100000000
- Notes 2028 accepted
- 100000000
- Total principal tendered
- 537853000
- Aggregate maximum tender amount
- 200000000
- Tender consideration 2027 per 1000
- 980
- Tender consideration 2028 per 1000
- 991.25
AI analysis
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