secwatch.observer — SEC 8-K summary
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Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2026-02-13T23:59:59+00:00
Accession:  0001474098-26-000011
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409826000011/0001474098-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409826000011/peb-20260211.htm
  HTML page:      https://secwatch.observer/filing/0001474098-26-000011

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