Hudson Pacific Properties Enters Material Definitive Agreement

TL;DR

HPP signed a big deal, details TBD.

AI Summary

On January 29, 2025, Hudson Pacific Properties, Inc. entered into a material definitive agreement. The filing does not provide specific details on the agreement, its terms, or any associated dollar amounts. The filing was made on February 3, 2025.

Why It Matters

This filing indicates a significant new contract or deal for Hudson Pacific Properties, which could impact its future financial performance and strategic direction.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.

Key Players & Entities

• Hudson Pacific Properties, Inc. (company) — Filer
• Hudson Pacific Properties, L.P. (company) — Related Filer

FAQ

Key Financial Figures

• $0.01 — Pacific Properties, Inc. Common Stock, $0.01 par value HPP New York Stock Exchange
• $125 m — under the revolving credit facility by $125 million, to $775 million of total commitm
• $775 million — ing credit facility by $125 million, to $775 million of total commitments and (g) prohibit

Filing Documents

• hpp-20250129.htm (8-K) — 48KB
• wfb_hpp-uloc.htm (EX-10.1) — 322KB
• 0001482512-25-000018.txt ( ) — 588KB
• hpp-20250129.xsd (EX-101.SCH) — 3KB
• hpp-20250129_def.xml (EX-101.DEF) — 17KB
• hpp-20250129_lab.xml (EX-101.LAB) — 29KB
• hpp-20250129_pre.xml (EX-101.PRE) — 17KB
• hpp-20250129_htm.xml (XML) — 6KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. As previously disclosed, on December 21, 2021, Hudson Pacific Properties, L.P., a Maryland limited partnership (the "Operating Partnership"), entered into a Fourth Amended and Restated Credit Agreement (as amended by that certain First Modification Agreement, dated as of September 15, 2022, that certain Second Modification Agreement, dated as of December 22, 2023, that certain Third Modification Agreement, dated as of May 3, 2024, and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), by and among the lenders from time to time party thereto (collectively, the "Lenders"), Wells Fargo Bank, National Association, as administrative agent (the "Administrative Agent"), Wells Fargo Securities, LLC and BofA Securities, Inc., as active lead arrangers and joint bookrunners, U.S. Bank National Association, KeyBanc Capital Markets, Inc. and Royal Bank of Canada, as joint lead arrangers, Bank of America, N.A., as syndication agent, U.S. Bank National Association, KeyBanc Capital Markets, Inc., Royal Bank of Canada, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, and Fifth Third Bank, National Association, as documentation agents, BMO Harris Bank, N.A. and Regions Bank, as senior managing agents, and Wells Fargo Securities, LLC, as sustainability structuring agent. On January 29, 2025 (the "Fourth Amendment Effective Date"), the Operating Partnership, as borrower, entered into a Fourth Modification Agreement (the "Amendment") to the Credit Agreement with the Administrative Agent and the Lenders party thereto. The Amendment, among other items: (a) decreases the minimum required ratio of adjusted EBITDA to fixed charges from 1.50 to 1.00 to 1.40 to 1.00 for any fiscal quarter ending after September 30, 2024, (b) decreases the minimum required ratio of unencumbered net operating income to unsecured interest e

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 ** Fourth Modification Agreement to the Fourth Amended and Restated Credit Agreement, dated as of January 29, 2025 , by and among Hudson Pacific Properties, L.P., as borrower, each of the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent. 104 ** Cover Page Interactive Data File (embedded within the Inline XBRL document) _____________ ** Furnished herewith.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. Date: February 3, 2025 HUDSON PACIFIC PROPERTIES, INC. By: /s/ Mark T. Lammas Mark T. Lammas President HUDSON PACIFIC PROPERTIES, L.P. By: Hudson Pacific Properties, Inc., Its General Partner By: /s/ Mark T. Lammas Mark T. Lammas President

View Full Filing

View this 8-K filing on SEC EDGAR