Hudson Pacific Properties just filed a prospectus, suggesting it plans to soon issue some securities

Hudson Pacific Properties just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

USE OF PROCEEDS

We expect the net proceeds to us from the sale of common stock by us in this offering, after deducting estimated underwriting discounts, will be approximately $             million.

We intend to use the net proceeds from this offering, after deducting underwriting discounts, but before estimated offering expenses payable by us, to acquire an aggregate of 17,533,099 common units from the selling unitholders in the unit repurchase, consisting of 17,250,000 common units to be acquired from Blackstone and 283,099 common units to be acquired from the Farallon Funds.

We will not receive any of the proceeds from the sale of the shares of our common stock by the selling stockholders, but, pursuant to registration rights agreements, we will pay approximately half of the expenses of this offering with respect to the shares of common stock sold by the Farallon Funds, other than underwriting discounts, which will be borne by the Farallon Funds.

The estimated offering expenses payable by us from the sale of common stock by us and the selling stockholders, exclusive of underwriting discounts, are approximately $250,000.

 

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The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Hudson Pacific Properties releases salary data. CEO received compensation of $87% of our CEO’s 2016 - April 10, 2017
Hudson Pacific Properties director just picked up 471 shares - April 4, 2017

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