04:53 PM EDT, 06/11/2025 (MT Newswires) -- Hudson Pacific Properties ( HPP ) said late Wednesday it launched a $600 million public offering of common shares and pre-funded warrants.

The company, which will sell all the securities in the offering, said it intends to grant underwriters a 30-day option to purchase up to an additional $90 million of common stock.

Cohen & Steers Capital Management has indicated a non-binding interest in purchasing up to $300 million of stock and warrants in the offering, Hudson said.

The company plans to contribute the net proceeds from the offering to its operating partnership, which intends to use the funds to repay borrowings under a revolving credit facility and other debt, among other things.

Shares of Hudson Pacific Properties ( HPP ) dropped nearly 13% in after-hours activity.