Company: PEB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001474098-25-000119
Chunk: 29

Company: Pebblebrook Hotel Trust
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 29
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750,000 $750,000 Unsecured senior notesSeries B Notes4.93%December 20252,400 2,400 Senior Notes 20296.38%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 202854,315 55,413 Mortgage loans principal$194,315 $195,413 Total debt principal$2,263,367 $2,264,465 Unamortized debt premium and deferred financing costs, net(15,232)(17,733)Debt, net$2,248,135 $2,246,732 ______________________(1)    Borrowings bear interest at floating rates. Interest rate at June 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 June 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.

12

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