Feb 15 (Reuters) - Hudson Pacific Properties Inc:
* Announces $92 million term loan
* Says the loan bears interest at a rate equal to one-month libor plus 350
basis points
* Says $37 million of the loan is currently subject to an interest rate swap
agreement
* Says loan bears interest at a rate equal to one-month libor plus 350 basis
points
* Is required to hedge at least half of the $92 million term loan within 30
days of the closing
* Proceeds used to fully refinance a $37 million mortgage loan secured by the
sunset bronson campus
* Proceeds to also be used to pay down the company's credit facility
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Announces $92 million term loan
* Says the loan bears interest at a rate equal to one-month libor plus 350
basis points
* Says $37 million of the loan is currently subject to an interest rate swap
agreement
* Says loan bears interest at a rate equal to one-month libor plus 350 basis
points
* Is required to hedge at least half of the $92 million term loan within 30
days of the closing
* Proceeds used to fully refinance a $37 million mortgage loan secured by the
sunset bronson campus
* Proceeds to also be used to pay down the company's credit facility
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.