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Stock impact report

Hudson Pacific Properties Announces Closing of Public Offering and Exercise of Underwriters’ Option to Purchase Additional Shares

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: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (“Hudson Pacific” or the “Company”) (NYSE: HPP) today announced the completion of its public offering of 9,775,000 shares of its common stock, including 1,275,000 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 $36.00 per share. Net proceeds from the offering, after deducting underwriting discounts and before other transaction costs, were approximately $337.8 million. Hudson Pacific intends to use net proceeds to the Company from the offering to fund identified and potential future acquisitions, to repay amounts outstanding under its unsecured revolving credit facility and/or for general corporate purposes. The joint book-running managers for the offering were BofA Merrill Lynch, Wells Fargo Securities, Goldma Show less Read more
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