The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Jul. 26, 5:49 PM

Slide #19. Hudson Pacific Properties, Inc. Secondary Offering

Company: Hudson Pacific Properties, Inc. (NYSE:HPP)
Date announced: 7/18/2016
Shares Offered: 20,000,000
Date of Pricing: 7/18/2016
Price Per Share: $29.26
Secondary Offering Details: Hudson Pacific Properties, Inc. ("Hudson Pacific" or the "Company") (NYSE:HPP) today announced an underwritten public offering of 16,000,000 shares of its common stock pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"), consisting of 15,597,686 shares offered by the Company and 402,314 shares offered by certain funds affiliated with Farallon Capital Management, L.L.C. (collectively, the "Farallon Funds").Hudson Pacific intends to use the net proceeds that it receives from this offering, after deducting estimated underwriting discounts, but before estimated offering expenses payable by the Company, to acquire an aggregate of 15,500,000 common units of limited partnership interest in its operating partnership, Hudson Pacific Properties, L.P. (the "Operating Partnership"), from certain entities affiliated with The Blackstone Group L.P. (collectively, "Blackstone"), and 97,686 common units of limited partnership interest in the Operating Partnership from the Farallon Funds. Upon completion of this offering, Blackstone and the Farallon Funds will own approximately 26.0% and 2.3% of Hudson Pacific, respectively, through their interests in the outstanding shares of common stock of the Company and in the common units of limited partnership interest in the Operating Partnership, which are redeemable by the holders for cash or, at Hudson Pacific's election, exchangeable for shares of common stock of the Company on a one-for-one basis. -updated 7/18- Hudson Pacific Properties, Inc. ("Hudson Pacific" or the "Company") (NYSE:HPP) today announced the pricing of an underwritten public offering of 20,000,000 shares of its common stock pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"), consisting of 19,195,373 shares offered by the Company and 804,627 shares offered by certain funds affiliated with Farallon Capital Management, L.L.C. (collectively, the "Farallon Funds"). Hudson Pacific intends to use the approximately $585.1 million of gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, that it expects to receive from this offering to acquire an aggregate of 19,000,000 common units of limited partnership interest in its operating partnership, Hudson Pacific Properties, L.P. (the "Operating Partnership"), from certain entities affiliated with The Blackstone Group L.P. (collectively, "Blackstone"), and 195,373 common units of limited partnership interest in the Operating Partnership from the Farallon Funds. Upon completion of this offering, Blackstone and the Farallon Funds will own approximately 23.6% and 2.0% of Hudson Pacific, respectively, through their interests in the outstanding shares of common stock of the Company and in the common units of limited partnership interest in the Operating Partnership, which are redeemable by the holders for cash or, at Hudson Pacific's election, exchangeable for shares of common stock of the Company on a one-for-one basis.

Hudson Pacific Properties is a holding company. Co. is a real estate company focused on owning, operating and acquiring office and media and entertainment properties in select markets mainly in Northern and Southern California and the Pacific Northwest. These markets include Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and Seattle. At Dec 31 2015, through its operating partnership, Hudson Pacific Properties, L.P. and its subsidiaries, Co.'s portfolio included office properties, comprising an aggregate of about 14.0 million sq. ft., and media and entertainment properties, comprising about 0.9 million sq. ft. of sound-stage, office and supporting production facilities.

HPP SEC Filing Email Alerts Service

Preferred: HPP.PRB


Open the HPP Page at The Online Investor »

Company Name:  Hudson Pacific Properties Inc
Stock buyback:  HPP buyback
Website:  www.hudsonpacificproperties.com
Sector:  REITs
Number of ETFs Holding HPP:  27
Total Market Value Held by ETFs:  $95.07M
Total Market Capitalization:  $2.94B
% of Market Cap. Held by ETFs:  3.24%
 

Open the HPP Page at The Online Investor (in a new window) »

July 26, 2016    5:49 PM Eastern
Quotes delayed 20 minutes



Strong Buy (3.64 out of 4)
75th percentile
(ranked higher than approx. 75% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2016, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.