secwatch.observer — SEC 8-K summary
======================================

Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001474098-24-000026
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pebblebrook extends $356.7M of 2024 term loan to 2028, repays $110M on term loans
--------------------------------------------------------------------------------

- Maturity of $356.7M extended from Oct 11, 2024 to Jan 20, 2028; $43.3M of 2024 term loan still due Oct 11, 2024.
- Repaid $60M on 2024 term loan (now $400M outstanding) and $50M on 2025 term loan (now $410M outstanding).
- Amendment entered Jan 3, 2024 with Bank of America as agent; total term loan facility remains $1.38B across three tranches.
- Credit agreement margins unchanged: SOFR-based loans 1.40%-2.45%, Base Rate-based 0.40%-1.45%, based on leverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000026/0001474098-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000026/peb-20240103.htm
  HTML page:      https://secwatch.observer/filing/0001474098-24-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer