Company: HPP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001482512-25-000126
Chunk: 77

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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59%11/6/20251918 Eighth(11)314,300 314,300 SOFR + 1.40%12/18/2025Hill7(12)101,000 101,000 3.38%11/6/2028Sunset Glenoaks Studios(13)100,600 99,600 SOFR + 3.10%1/9/2027(14)Office Portfolio CMBS(15)(16)473,333 — SOFR + 3.76%4/9/2030(17)Total secured debt2,059,000 1,752,667 Total unsecured and secured debt3,709,000 4,187,667 Unamortized deferred financing costs/loan discounts(18)(18,571)(10,823)TOTAL UNSECURED AND SECURED DEBT, NET$3,690,429 $4,176,844 JOINT VENTURE PARTNER DEBT(19)$66,136 $66,136 4.50%10/9/2032(20)_________________1.Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed. Interest rates are as of June 30, 2025, which may be different than the interest rates as of December 31, 2024 for the corresponding indebtedness.2.Maturity dates include the effect of extension options.3.The annual facility fee rate ranges from 0.15% or 0.30% based on the operating partnership’s leverage ratio. The Company has an option to make an irrevocable election to change the interest rate depending on the Company’s credit rating or a specified base rate plus an applicable margin. As of June 30, 2025, no such election had been made and the unsecured revolving credit facility bore interest at SOFR + 1.33%.4.The Company has a total capacity of $775.0 million available under its unsecured revolving credit facility, up to $193.8 million of which can be used for borrowings in pounds sterling or Canadian dollars. Subject to the satisfaction of certain conditions and lender commitments, the operating partnership may increase the commitments held under the Fourth Amended and Restated Credit Agreement up to a total of $2.0 billion either in the form of an increase to an existing unsecured revolving credit facility or a