Company: PEB
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001474098-25-000138
Chunk: 32

Company: Pebblebrook Hotel Trust
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 32
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 extension fee.On September 18, 2025, the Company issued $400.0 million aggregate principal amount of its 1.625% Convertible Senior Notes due January 2030 (the "Convertible Notes 2030"). The net proceeds from the issuance were approximately $390.2 million after deducting the underwriting fees. The net proceeds and cash on hand, totaling $392.0 million, was used to repurchase $400.0 million aggregate principal amount of the Company's 1.75% Convertible Senior Notes due December 2026 (the "Convertible Notes 2026") at a discount in private transactions with certain note holders. The repurchase of the Convertible Notes 2026 resulted in a gain on debt extinguishment of $7.4 million, net of a write-off of debt issuance costs, which is included in interest expense on the Company's accompanying consolidated statements of operations and comprehensive income.

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The Company's debt consisted of the following as of September 30, 2025 and December 31, 2024 (dollars in thousands):   Balance Outstanding as of Interest Rate at September 30, 2025Maturity DateSeptember 30, 2025December 31, 2024Unsecured revolving credit facilitiesSenior unsecured credit facility—(1)(2)October 2026 /October 2028$— $— PHL unsecured credit facility—(1)October 2028— — Unsecured revolving credit facilities$— $— Unsecured term loansTerm Loan 20255.13%(1)(4)October 202514,783 14,783 Term Loan 20275.29%(1)October 2027360,000 360,000 Term Loan 20283.83%(1)January 2028356,652 356,652 Term Loan 20295.13%(1)January 2029185,217 185,217 Unsecured term loans principal$916,652 $916,652 Convertible senior notesConvertible Notes 20261.75%December 2026350,000 750,000 Convertible Notes 20301.63%January 2030400,000 — Convertible senior notes principal$750,000 $750,000 Unsecured senior notesSeries B Notes4.93%December 20252,400 2,400 Senior Notes 202