Company: HPP
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001193125-25-140284
Chunk: 26

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-06-13
Form: 424B5
Chunk 26
---
 $100,000, and $500,000, respectively, of the shares of common stock being offered hereby. However, because these indications of interest are not binding agreements or
commitments to purchase, we can provide no assurances with respect to whether such directors and executive officers will purchase shares in this offering or, if they elect to purchase shares, the number of shares they ultimately will acquire. In
addition, the underwriters may elect to sell fewer shares or not to sell any shares in this offering to these insiders. The underwriters will receive the same discount from any shares of common stock sold to our directors and executive officers as
they will from any other shares of common stock sold to the public in this offering.

S-17

USE OF PROCEEDS

We estimate that the net proceeds that we will receive from this offering will be approximately $572.9 million, or approximately
$659.2 million if the underwriters’ option to purchase additional shares of common stock is exercised in full, after deducting estimated underwriting discounts and commissions and our estimated offering expenses. We will contribute the net
proceeds that we receive from this offering of our common stock and our Pre-Funded Warrants to our operating partnership in exchange for common units and pre-funded
warrants exercisable for common units, respectively.

Our operating partnership intends to use the net proceeds from this offering to
repay borrowings under our revolving credit facility, fund development and redevelopment activities, fund potential acquisition opportunities and/or for general corporate purposes. Pending these applications, our operating partnership intends to
invest the net proceeds in interest-bearing accounts and short-term, interest-bearing securities in a manner that is consistent with our intention to qualify for taxation as a REIT.

As of June 9, 2025, we have approximately $510.0 million outstanding under our revolving credit facility. Our revolving credit
facility currently bears interest at a rate per annum equal to either SOFR plus 115 to 160 basis points or a specified base rate plus 15 to 60 basis points, depending on our leverage ratio, which, as of March 31, 2025, was 46.93%. In addition,
our revolving credit facility has a maturity date of December 21, 2026 (which maturity may be extended for an additional year at our option subject to certain conditions). If we obtain a credit rating for our senior unsecured long-term
indebtedness, we may make an irrevocable election to change the interest rate for