---
schema_version: "secwatch.filing_event.v1"
accession: "0001474098-25-000129"
form_type: "8-K"
ticker: "PEB"
cik: "0001474098"
company_name: "Pebblebrook Hotel Trust"
filed_at: "2025-09-22T23:59:59+00:00"
generated_at: "2026-05-17T05:57:54.871084+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pebblebrook raises $400M 1.625% convertible notes due 2030; repurchases $400M 2026 notes and 4.3M shares

## Summary
- Issued $400M aggregate principal of 1.625% Convertible Senior Notes due Jan 15, 2030; net proceeds ~$389.7M.
- Used proceeds plus $4.1M cash to repurchase $400M of outstanding 1.75% Convertible Notes due 2026 in private transactions.
- Repurchased ~4.3M common shares at $11.56 per share via existing buyback program concurrent with note pricing.
- Initial conversion price ~$15.89/share (37.5% premium over $11.56 close); capped call transactions cap dilution at $20.23/share.
- Notes are senior unsecured, redeemable after July 20, 2028 if stock price exceeds 130% of conversion price for 20 days.

## SEC filing metadata
- accession: 0001474098-25-000129
- form_type: 8-K
- ticker: PEB
- cik: 0001474098
- company_name: Pebblebrook Hotel Trust
- filed_at: 2025-09-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474098/000147409825000129/0001474098-25-000129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474098/000147409825000129/peb-20250916.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001474098-25-000129
- JSON: https://secwatch.observer/filing/0001474098-25-000129.json
- Plain text: https://secwatch.observer/filing/0001474098-25-000129.txt

## Key facts
- Debt Financings
  Pebblebrook Hotel Trust incurred convertible notes of $400.0 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 1.625% per year maturing January 15, 2030.
  - Instrument: convertible notes
  - Principal: $400.0 million aggregate principal amount
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Rate: 1.625% per year
  - Maturity: January 15, 2030
  - Event: incurrence
  source text: “Purchase Agreement”) with the representative of the several initial purchasers named therein (the “Initial Purchasers”) pursuant to which the Company agreed to offer and sell $400.0 million aggregate principal amount of its 1.625% Convertible Senior Notes due 2030 (the “2030 Notes”), inclusive of $50.0 million aggregate principal amount of the 2030 Notes that were
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474098/000147409825000129/0001474098-25-000129-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.