debt
confidence high
sentiment neutral
materiality 0.50
Pebblebrook Hotel Trust prices $400M 6.375% senior notes due 2029 for debt refinancing
Pebblebrook Hotel Trust
- Priced $400M aggregate principal of 6.375% senior notes due 2029; closing expected October 3, 2024.
- Net proceeds: at least $253M to repay unsecured term loans; balance up to $137.4M for loans or convertible repurchase.
- Notes are senior unsecured obligations guaranteed by Pebblebrook and certain subsidiaries; not registered under Securities Act.
- Offered only to QIBs under Rule 144A and offshore under Regulation S; no public offering.