Hudson Pacific Shuns Equity at $8.76 a Share, Bets on JVs and Buybacks to Clear $550MM of 2027-2028 Notes

Hudson Pacific Properties told analysts on its Nov. 5 earnings call that it will not issue stock to meet $550 million of senior notes due in late 2027 and early 2028, relying instead on discounted note buybacks, a short list of further sales and joint ventures on its unencumbered, fully leased buildings, a plan it will lay out at its Dec. 1 Investor Day.