Pebblebrook Hotel Trust (PEB) announced on Monday that its operating partnership Pebblebrook Hotel, L.P., and PEB Finance Corp. plan to issue $350 million in senior notes maturing in 2029 through a private placement.
These notes will be senior unsecured obligations backed by the company and its subsidiaries.
The funds raised will primarily be used to reduce senior unsecured term loans of at least $253 million and may also facilitate the repurchase of some convertible senior notes, totaling up to $87.4 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.