Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 33

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 33
---
96.38%October 2029400,000 400,000 Unsecured senior notes principal$402,400 $402,400 Mortgage loansMargaritaville Hollywood Beach Resort7.04%(3)September 2026140,000 140,000 Estancia La Jolla Hotel & Spa5.07%September 202853,767 55,413 Mortgage loans principal$193,767 $195,413 Total debt principal$2,262,819 $2,264,465 Unamortized debt premium and deferred financing costs, net(23,783)(17,733)Debt, net$2,239,036 $2,246,732 ______________________(1)    Borrowings bear interest at floating rates. Interest rate at September 30, 2025 gives effect to interest rate hedges.  (2)    $48.0 million of the $650.0 million senior unsecured revolving credit facility matures in October 2026, with no option to extend the maturity date, and the remaining $602.0 million matures in October 2028, with the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee.(3)    This loan bears interest at a floating rate equal to daily SOFR plus a spread of 3.75%. The interest rate at September 30, 2025 gives effect to an interest rate swap. The Company has the option to extend the maturity date for up to two one-year periods, subject to certain terms and conditions and payment of an extension fee.(4)    In October 2025, the Company repaid its borrowings under Term Loan 2025 with available cash.Unsecured Revolving Credit Facilities The $650.0 million senior unsecured revolving credit facility provided for in the Credit Agreement matures as follows: $48.0 million in October 2026, with no option to extend the maturity date, and $602.0 million in October 2028, with the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee. All borrowings under this senior unsecured revolving credit facility bear interest at a rate per annum equal to, at the option of the Company, (i) the Secured Overnight Financing Rate ("SOFR") plus 0.