Hudson Pacific Properties, Inc. Announces Closing of Public Offering of Common Stock and Exercise of Underwriters' Option to Purchase Additional Shares

Hudson Pacific Properties

today announced the completion of its public offering of 9,200,000 shares of its common stock (including 1,200,000 shares of its common stock issued and sold pursuant to the exercise of the underwriters' option to purchase additional shares in full) at the public offering price of $21.50 per share. The net proceeds from the offering, after deducting underwriting discounts (before other transaction costs), were approximately $189.9 million. The Company intends to contribute the net proceeds from this offering to its operating partnership, which will subsequently use the net proceeds to fund development or redevelopment activities, fund potential acquisition opportunities, repay borrowings outstanding under its unsecured revolving credit facility and for general corporate purposes. BofA Merrill Lynch, Wells Fargo Securities, Barclays and Morgan Stanley were the joint book-running managers for the offering. KeyBanc Capital Markets and BMO Capital Markets were the lead managers for the offering. A copy of the prospectus supplement and accompanying prospectus relating to these securities can be obtained by contacting BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or email dg.prospectus_requests@baml.com; or Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, or by calling (800) 326-5897 or e-mail a request to cmclientsupport@wellsfargo.com; or Barclays, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling 1-888-603-5847, or by email at barclaysprospectus@broadridge.com; or Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by calling (866) 718-1649, or by email at prospectus@morganstanley.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.