Hudson Pacific Properties Inc. has announced the commencement of a $600 million underwritten public offering of its common stock and pre-funded warrants. The offering, filed with the Securities and Exchange Commission, includes a 30-day option for underwriters to purchase up to an additional $90 million in common stock. The proceeds are intended to repay borrowings and for general corporate purposes, with interim investments in interest-bearing accounts. BofA Securities, Wells Fargo Securities, and RBC Capital Markets are leading the offering. Cohen & Steers Capital Management has expressed interest in purchasing up to $300 million in shares and warrants.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.