Pebblebrook Hotel Trust Prices Private Placement Of $400M Of 6.375% Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Pebblebrook Hotel Trust has announced the pricing of a private placement of $400 million in senior notes with a 6.375% interest rate, due in 2029. This move is likely aimed at refinancing existing debt or funding new investments.
September 24, 2024 | 11:17 am
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Pebblebrook Hotel Trust has priced a private placement of $400 million in senior notes at a 6.375% interest rate, maturing in 2029. This could be used for refinancing or new investments, impacting the company's financial strategy.
The issuance of $400 million in senior notes suggests Pebblebrook Hotel Trust is securing funds potentially for refinancing existing debt or for new investments. This financial maneuver could strengthen their balance sheet or support growth initiatives, which is generally positive for the company's financial health and could lead to a short-term positive impact on the stock price.
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