secwatch.observer — SEC 8-K summary
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Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K/A
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001474098-24-000123
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Pebblebrook Hotel Trust issues $400M 6.375% senior notes due 2029, repays $353.3M term loans
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- Issued $400M aggregate principal of 6.375% senior secured notes due Oct 15, 2029, in a private placement.
- Net proceeds ~$390M; $353.3M used to repay three unsecured term loans, balance for other debt reduction.
- Interest payable semi-annually Apr 15 and Oct 15, commencing Apr 15, 2025; redemption includes make-whole premium.
- Notes fully guaranteed by the Company and certain subsidiaries; covenants require unencumbered assets >=150% of unsecured debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000123/0001474098-24-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000123/peb-20241003.htm
  HTML page:      https://secwatch.observer/filing/0001474098-24-000123

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