Pebblebrook Hotel Trust Extends $787 Million in Debt Maturities, Enhancing Financial Flexibility
Pebblebrook Hotel Trust Common Shares of Beneficial Interest (PEB)
Last pebblebrook hotel trust common shares of beneficial interest earnings: 2/20 04:06 pm
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Source: Business Wire
Company Strengthens Balance Sheet with No Significant Debt Maturities Until December 2026 BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust (NYSE: PEB) (the “Company” or “Pebblebrook”) today announced the successful extension of $787 million in debt maturities, significantly bolstering its financial flexibility and liquidity position.The Company has extended the maturity of $185.2 million of its recently reduced $200 million 2025 term loan to 2029. Additionally, Pebblebrook extended the maturity of $602 million of its $650 million senior unsecured revolving credit facility to 2029, inclusive of two optional six-month extensions. The revolving credit facility remains undrawn and fully available, providing the Company with substantial liquidity.Importantly, the pricing on both the term loan and the credit facility remains unchanged and is based on a competitive pricing grid of 140 to 250 basis points over the applicable adjusted term SOFR.“By securing these strategic extensions
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News
- Pebblebrook Hotel Trust Declares Dividends for Fourth Quarter 2024Business Wire
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- Pebblebrook Hotel Trust (NYSE: PEB) had its price target raised by analysts at Wells Fargo & Company from $14.00 to $16.00. They now have an "equal weight" rating on the stock.MarketBeat
- Pebblebrook Hotel Trust (NYSE: PEB) had its price target raised by analysts at Wells Fargo & Company from $13.00 to $14.00. They now have an "equal weight" rating on the stock.MarketBeat
PEB
Earnings
- 11/7/24 - Beat
PEB
Sec Filings
- 12/16/24 - Form 8-K
- 11/21/24 - Form 4
- 11/18/24 - Form 4
- PEB's page on the SEC website