Pebblebrook Hotel Trust Announces Closing of Private Placement of $400 Million of 6.375% Senior Notes Due 2029
04 10월 2024 - 5:15AM
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 Partnership’s term loans maturing in October 2024,
October 2025 and October 2027 are $0, $200.0 million and $360.0
million, respectively. Following the repayments, the Company has no
meaningful debt maturities until December 2026.
The Notes and the related guarantees have not been and will not
be registered under the Securities Act of 1933, as amended (the
“Securities Act”), any state securities laws or the securities laws
of any other jurisdiction. The Notes were not offered or sold in
the United States or to U.S. persons absent an exemption from, or
in a transaction not subject to, the registration requirements of
the Securities Act. The Notes were offered and sold only to persons
reasonably believed to be “qualified institutional buyers” pursuant
to Rule 144A under the Securities Act and to certain non-U.S.
persons in offshore transactions outside the United States pursuant
to Regulation S under the Securities Act. This press release is
neither an offer to sell nor a solicitation of an offer to buy the
Notes or any other securities and shall not constitute an offer to
sell or a solicitation of an offer to buy, or a sale of, the Notes
or any other securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Pebblebrook Hotel
Trust
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real
estate investment trust (“REIT”) and the largest owner of urban and
resort lifestyle hotels in the United States. The Company owns 46
hotels, totaling approximately 12,000 guest rooms across 13 urban
and resort markets. For more information, visit
www.pebblebrookhotels.com and follow @PebblebrookPEB.
For additional information or to receive press
releases via email, please visit www.pebblebrookhotels.com
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version on businesswire.com: https://www.businesswire.com/news/home/20241003174652/en/
Raymond D. Martz, Co-President and Chief Financial Officer,
Pebblebrook Hotel Trust - (240) 507-1330
Pebblebrook Hotel (NYSE:PEB)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Pebblebrook Hotel (NYSE:PEB)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024
