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0 0.00168634064080941 -0.00505902192242837 -0.00505902192242837 -0.00505902192242837 -0.00505902192242837 -0.00505902192242837 -0.00505902192242837
Stock impact report

Hudson Pacific Completes $475 Million CMBS Financing [Yahoo! Finance]

Hudson Pacific Properties, Inc. (HPP) 
Last hudson pacific properties, inc. earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: hudsonpacificproperties.com
Company Research Source: Yahoo! Finance
tech and media tenants, today announced the completion of a commercial mortgage-backed securities ("CMBS") financing for a portfolio of six office properties with total gross proceeds of $475 million. The portfolio, which comprises assets located throughout the company's west coast markets, includes 11601 Wilshire, Element LA, 450 Alaskan, 5th & Bell, 275 Brannan and 1740 Technology. "Thanks to the exceptional quality of our properties, tenants and markets, and the strong support of our banking team, we have successfully closed on this significant CMBS financing with favorable terms. This financing provides us with nearly half a billion dollars of gross proceeds to fully repay our Element LA secured loan and outstanding amounts on our credit facility," said Harout Diramerian, Hudson Pacific's CFO. "Along with recent and potential asset sales, we continue to increase liquidity and balance sheet flexibility, putting us at a positive inflection point in our overall strategy to address Show less Read more
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