Oct. 2 at 7:25 PM
S&P Global Ratings has revised Hudson Pacific Properties Inc.’s outlook to stable from negative, citing reduced refinancing risk and improved liquidity. HPP addressed much of its 2025 short-term debt, including full repayment of
$465 million in Series B, C, and D notes in Q2. In August, the company refinanced its 1918 Eighth mortgage, extending maturity to August 2030, and modified its unsecured credit line, increasing it to
$795 million with staggered reductions through 2029. Following these actions, HPP has no unsecured maturities until November 2027, when
$400 million in notes are due. A
$690 million equity raise in June 2025 helped pay down the revolving credit line. S&P also upgraded HPP’s liquidity assessment to adequate from less than adequate.
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