Pebblebrook Hotel Trust (PEB) late Thursday said it has closed a $400 million private placement of 6.375% senior unsecured notes maturing in 2029, and is using the bulk of the proceeds to pay down debt.
The company, through its Pebblebrook Hotel operating partnership, repaid the entire $43.3 million owed under a term loan due later this month. It also paid down $210 million of the $410 million that was previously due in October 2025 and $100 million in a term loan with $360 million.
The real estate investment trust has no meaningful debt maturing before December 2026.
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