04:08 AM EDT, 06/12/2025 (MT Newswires) -- Hudson Pacific Properties ( HPP ) said Thursday it has priced an underwritten public offering of about 197.2 million shares and pre-funded warrants to purchase about 71.9 million shares at $2.23 per share and $2.22 per warrant.

The company expects net proceeds of about $575.6 million to $662 million, it said. The offering is expected to close on Friday.

The underwriters have been granted a 30-day option to purchase up to an additional 40.4 million shares, the company said.

Hudson Pacific plans to use net proceeds to repay debt and for the general corporate expenses of its operating partnership.