$HPP (HUDSON PACIFIC PROPERTIES) — 8-K: Hudson Pacific extends $1.1 billion Hollywood Media Portfolio CMBS loan to 2027

Hudson Pacific Properties and its joint venture partner extended the $1.1 billion CMBS loan secured by the Hollywood Media Portfolio to November 9, 2027. The stated interest rate is unchanged and no principal paydown was required at closing. The joint venture will reallocate partnership funds to a $20 million leasing reserve at closing, with excess cash flow swept to the reserve. Hudson Pacific also entered into a derivative to swap SOFR at 3.50% through maturity.

Hudson Pacific Properties and its joint venture partner extended the $1.1 billion CMBS loan secured by the Hollywood Media Portfolio to November 9, 2027. The stated interest rate is unchanged and no p