Pebblebrook Hotel Trust To Raise $350M Via Proposed Offering of Senior Notes For Debt Repayment
Portfolio Pulse from Benzinga Newsdesk
Pebblebrook Hotel Trust plans to raise $350 million through a private placement of senior notes due 2029. The proceeds will be used to repay unsecured term loans and potentially repurchase convertible senior notes.
September 23, 2024 | 11:57 am
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Pebblebrook Hotel Trust is issuing $350 million in senior notes to manage its debt, which could improve its financial stability by reducing unsecured term loans and repurchasing convertible senior notes.
The issuance of senior notes to repay debt can improve Pebblebrook's financial position by reducing liabilities and interest expenses. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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