Pebblebrook Hotel Trust to issue $350 million in senior notes due in 2029

From Nasdaq: 2024-09-23 08:46:31

Pebblebrook Hotel Trust plans to issue $350 million in senior notes maturing in 2029 through a private placement. The notes will be senior unsecured obligations backed by the company and its subsidiaries. The funds raised will primarily be used to reduce senior unsecured term loans of at least $253 million and may also facilitate the repurchase of some convertible senior notes, totaling up to $87.4 million.



Read more at Nasdaq: Pebblebrook Announces Private Offering Of $350 Mln Of Senior Notes Due 2029