Pebblebrook closes $400M 6.375% notes due 2029; repays $353.3M in term loans

Pebblebrook Hotel Trust

Issued $400M aggregate principal of 6.375% senior notes maturing Dec 2029.
Net proceeds of ~$390M after discounts; used $353.3M to repay three unsecured term loans.
Oct 2024 term loan fully repaid ($0 outstanding); Oct 2025 loan reduced to $200M; Oct 2027 loan reduced to $360M.
Company states no meaningful debt maturities until December 2026 after repayments.
Notes are senior unsecured obligations, guaranteed by the trust and operating partnership subsidiaries.

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