Hudson Pacific Properties Inc. on Thursday priced a secondary offering of 6.95 million shares at $14.62 per share, which should raise more than $101 million.

The Los Angeles real estate investment trust, which owns office, media and entertainment properties throughout California, said that it intends to use net proceeds primarily to pay down its revolving credit facility and to fund acquisitions. One potential acquisition is the remaining 49 percent interest it does not now own of Rincon Center, a mixed-use complex in San Francisco’s Financial District.

The offering price is a 3 percent premium over the stock’s closing price on Tuesday. Underwriters have a 30-day option to purchase up to 1.04 million additional shares to cover any overallotments, which would bring in an additional $15.2 million. BofA Merrill Lynch, Barclays Capital, Morgan Stanley and Wells Fargo Securities are the joint book-running managers, and KeyBanc Capital Markets is the co-manager.

This is the first secondary offering for the company, which went public last June. The offering is expected to close May 3. Among its key holding is Sunset Gower + Sunset Bronson studios on Sunset Boulevard, the historic home of Columbia Pictures.

Hudson shares closed up 33 cents, or 2.3 percent, to $14.95 on the New York Stock Exchange.