Pebblebrook Hotel Trust is launching a private offering of $350m convertible senior notes due in 2030, with potential for an extra $50m in over-allotments. Proceeds will repurchase 1.75% senior notes due in 2026 through privately negotiated transactions. Holders may engage in stock transactions influencing market prices and conversion prices.

The company is the largest owner of urban and resort lifestyle hotels in the US, owning 46 hotels across 13 urban and resort markets with approximately 12,000 guest rooms. The offering aims to manage risks associated with convertible arbitrage strategies and maintain effective market prices for its common shares.

Read more at Yahoo Finance: Pebblebrook Hotel Trust announces $350m convertible notes offering