Hudson Pacific Completes $285 Million Refinancing of 1918 Eighth in Seattle
All 2025 Debt Maturities Addressed
The new five-year, interest-only loan carries a fixed rate of
"This transaction, addressing the last of our 2025 debt maturities, once again highlights the quality of our portfolio and our team鈥檚 ability to execute in today鈥檚 selective credit environment," said Harout Diramerian, Hudson Pacific鈥檚 CFO. "Prudent financial management has transformed our balance sheet and positioned us well to support leasing efforts as the West Coast office and entertainment industry recoveries take hold."
Wells Fargo led the refinancing and Newmark acted as the broker.
About Hudson Pacific Properties
Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific鈥檚 unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit .
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Investor Contact
Laura
Executive Vice President, Investor Relations & Marketing
(310) 622-1702
[email protected]
Media Contact
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Vice President, Communications
(310) 622-1781
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Source: Hudson Pacific Properties, Inc.
