Pebblebrook Hotel Trust (PEB) said Monday that its operating partnership Pebblebrook Hotel and the partnership's PEB Finance subsidiary are planning a private placement of $350 million of senior notes due 2029.
Proceeds will be used to repay the operating partnership's unsecured term loans and/or repurchase a portion of Pebblebrook Hotel Trust's convertible senior notes, the company said.
Pebblebrook Hotel Trust shares were 1.4% lower in recent trading.
Price: 14.15, Change: -0.17, Percent Change: -1.15
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