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

Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0001474098-24-000120
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000120/0001474098-24-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000120/peb-20241003.htm
  HTML page:      https://secwatch.observer/filing/0001474098-24-000120

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