---
schema_version: "secwatch.filing_event.v1"
accession: "0001474098-26-000011"
form_type: "8-K"
ticker: "PEB"
cik: "0001474098"
company_name: "Pebblebrook Hotel Trust"
filed_at: "2026-02-13T23:59:59+00:00"
generated_at: "2026-05-16T02:45:52.895997+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pebblebrook closes $450M unsecured term loan, extends revolver to Oct 2029

## Summary
- New $450M senior unsecured term loan: $360M funded, $90M delayed draw through Dec 2026; maturity Feb 2031.
- Undrawn $650M revolver extended to Oct 2029 (incl. two six-month options); remaining $48M portion completed.
- Used $40M cash to fully retire Margaritaville Hollywood Beach Resort mortgage due Sept 2026.
- With cash, free cash flow, and delayed draw, expects fully funded path to address $350M 1.75% convertible notes due Dec 2026.
- Pricing unchanged (140-250 bps over SOFR); eliminated 10 bps credit spread adjustment, saving annual interest.

## SEC filing metadata
- accession: 0001474098-26-000011
- form_type: 8-K
- ticker: PEB
- cik: 0001474098
- company_name: Pebblebrook Hotel Trust
- filed_at: 2026-02-13T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474098/000147409826000011/0001474098-26-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474098/000147409826000011/peb-20260211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001474098-26-000011
- JSON: https://secwatch.observer/filing/0001474098-26-000011.json
- Plain text: https://secwatch.observer/filing/0001474098-26-000011.txt

## Key facts
- Debt Financings
  Pebblebrook Hotel Trust amended term loan of $360.0 million outstanding, with option to borrow up to an additional $90.0 million with Bank of America, N.A. as administrative agent and other lenders at SOFR plus margin of 1.40% to 2.45% based on leverage ratio (unchanged) maturing February 11, 2031 (extended from October 13, 2027).
  - Instrument: term loan
  - Principal: $360.0 million outstanding, with option to borrow up to an additional $90.0 million
  - Counterparty: Bank of America, N.A. as administrative agent and other lenders
  - Rate: SOFR plus margin of 1.40% to 2.45% based on leverage ratio (unchanged)
  - Maturity: February 11, 2031 (extended from October 13, 2027)
  - Event: amendment
  source text: The Credit Agreement Amendment (i) extended the maturity date of Term Loan A-3 until February 11, 2031; (ii) provided the Operating Partnership an option to borrow, before December 15, 2026, up to an additional $90.0 million to add to Term Loan A-3
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474098/000147409826000011/0001474098-26-000011-index.htm
- Material Agreements
  Pebblebrook Hotel Trust amended Fourth Amendment to Fifth Amended and Restated Credit Agreement with Bank of America, N.A. valued at Term Loan A-3 extended to 2031; Revolver capacity $650 million with initial maturity October 13, 202 (effective 2026-02-11).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: Term Loan A-3 extended to 2031; Revolver capacity $650 million with initial maturity October 13, 202
  - Effective: 2026-02-11
  source text: On February 11, 2026, Pebblebrook Hotel Trust (the “ Company ”), as parent guarantor, Pebblebrook Hotel, L.P. (the “ Operating Partnership ”), as borrower, and certain subsidiaries of the Operating Partnership, as guarantors, Bank of America, N.A. (“ BofA ”), as administrative agent and L/C issuer, and certain other lenders named therein, entered into the Fourth Amendment to Fifth Amended and Restated Credit Agreement (the “ Credit Agreement Amendment ”) to amend the Fifth Amended and Restated Credit Agreement, dated October 13, 2022, among the Company, the Operating Partnership, certain subsidiaries of the Operating Partnership, BofA and certain other lenders named therein (as amended by the First Amendment to Fifth Amended and Restated Credit Agreement, dated January 3, 2024, the Second Amendment to Fifth Amended and Restated Credit Agreement, dated September 18, 2024, and the Third Amendment to Fifth Amended and Restated Credit Agreement, dated November 11, 2026, “ Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474098/000147409826000011/0001474098-26-000011-index.htm

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