Company: HPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001482512-25-000043
Chunk: 67

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 67
---
,752,667 Total unsecured and secured debt4,198,667 4,187,667 Unamortized deferred financing costs/loan discounts(19)(20,324)(10,823)TOTAL UNSECURED AND SECURED DEBT, NET$4,178,343 $4,176,844 JOINT VENTURE PARTNER DEBT(20)$66,136 $66,136 4.50%10/9/2032(21)_________________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 March 31, 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 March 31, 2025, no such election had been made and the unsecured revolving credit facility bore interest at SOFR + 1.35%.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 new loan, including a term loan.5.Subsequent to March 31, 2025, the Company made a net borrowing of $507.0 million on the unsecured revolving credit facility.6.Includes the option to extend the initial maturity date of December 21, 2025 twice for an additional six-month term each at the sole discretion of the Company.7.Subsequent to March 31, 2025, the Company tendered for the full repayment of this note.8.An amount equal to the net proceeds from the 5.95% registered senior notes has been allocated to new or existing eligible green projects.9.Includes the option to extend