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Stock impact report

Pebblebrook Hotel Trust Announces Closing of Private Placement of $400 Million of 6.375% Senior Notes Due 2029

Pebblebrook Hotel Trust Common Shares of Beneficial Interest (PEB) 
Last pebblebrook hotel trust common shares of beneficial interest earnings: 2/20 04:06 pm Check Earnings Report
US:NYSE Investor Relations: investor.pebblebrookhotels.com
Company Research Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that its operating partnership, Pebblebrook Hotel, L.P. (the “Operating Partnership”), and a wholly owned subsidiary of the Operating Partnership, PEB Finance Corp. (together with the Operating Partnership, the “Issuers”), closed on the private placement (the “Private Placement”) of $400 million aggregate principal amount of their 6.375% Senior Notes due 2029 (the “Notes”). The Notes are senior unsecured obligations of the Issuers and are initially fully and unconditionally guaranteed by the Company and the Operating Partnership’s subsidiaries that guarantee the existing credit facilities of the Operating Partnership.The Operating Partnership used approximately $353.3 million of the net proceeds from the offering to pay down three of the Operating Partnership’s unsecured term loans. As a result of the repayments, the remaining outstanding principal amounts of the Operating Partnersh Show less Read more
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