debt
confidence high
sentiment neutral
materiality 0.65
Pebblebrook Hotel Trust launches $350M senior notes due 2029 private placement
Pebblebrook Hotel Trust
- $350M aggregate principal amount senior notes due 2029, unsecured, guaranteed by the company and subsidiaries.
- Net proceeds: at least $253M to repay unsecured term loans; up to $87.4M for other loans or repurchase convertible notes.
- Notes offered via Rule 144A/Reg S private placement; not registered under the Securities Act.
- Credit agreement amended to permit and facilitate the issuance of the senior notes.