Hudson Pacific Properties dips 9%, prices $600M stock offering

June 12, 2025 03:25 AM PDT | By EODHD

Google News:

Hudson Pacific Properties dips 9%, prices $600M stock offering — Image source: Kalkine Media

Recent News

Kalkine : BSMS Drawing Attention Across Nasdaq Composite Index

Kalkine : Brooge Energy Short Interest Is Rising on Nasdaq Composite

Kalkine : Xylem Performance on NYSE Composite Index Today

Kalkine Captivision Inc Ticker CAPTW Draws Nasdaq Composite Attention

* Hudson Pacific Properties (NYSE:HPP [https://seekingalpha.com/symbol/HPP]) priced [https://seekingalpha.com/pr/20134360-hudson-pacific-properties-announces-pricing-of-600-million-public-offering] an underwritten public offering of ~197.2M shares and warrants to purchase ~71.8M shares. * The shares are being sold at $2.23 per share and the pre-funded warrants are being sold at a public offering price of $2.22 per warrant. * Underwriters have a 30-day option to purchase up to an additional 40.36M shares. * Generate net proceeds expected to be ~$575.6M, or $662M if the underwriters exercise their option. * The offering is expected to close on or about June 13, 2025.

* Net proceeds will be used to repay borrowings under its revolving credit facility, repay other indebtedness, and/or for general corporate purposes. * The stock price dropped 9.3% on Thursday during pre-market hours of trading. MORE ON HUDSON PACIFIC PROPERTIES * Hudson Pacific: 14% On Bonds Beats The Preferreds By A Mile [https://seekingalpha.com/article/4783652-hudson-pacific-14-percent-on-bonds-beats-preferreds-by-mile] * Hudson Pacific Properties, Inc. (HPP) Q1 2025 Earnings Call Transcript [https://seekingalpha.com/article/4783501-hudson-pacific-properties-inc-hpp-q1-2025-earnings-call-transcript] * Hudson Pacific Properties: Beware The Perceived Discount [https://seekingalpha.com/article/4782551-hudson-pacific-properties-beware-the-perceived-discount] * Hudson Pacific launches $600M stock offering [https://seekingalpha.com/news/4457389-hudson-pacific-launches-600m-stock-offering] * Hudson Pacific Properties outlines Q1 leasing growth and anticipates occupancy stabilization in 2025 [https://seekingalpha.com/news/4444256-hudson-pacific-properties-outlines-q1-leasing-growth-and-anticipates-occupancy-stabilization]

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.