Company: PEB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001474098-25-000119
Chunk: 28

Company: Pebblebrook Hotel Trust
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 28
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 Loan 2025 with available cash.On October 3, 2024, the Company issued $400.0 million aggregate principal amount of its 6.375% senior notes due October 15, 2029. These notes are referred to as Senior Notes 2029. The net proceeds from the issuance were approximately $390.0 million after deducting discounts and offering expenses paid by the Company, of which $353.3 million was used to repay all $43.3 million of its borrowings under Term Loan 2024, $210.0 million of its borrowings under Term Loan 2025 and $100.0 million of its borrowings under Term Loan 2027.On November 1, 2024, the Company entered into the Third Amendment to the Credit Agreement which extended the maturity date of $185.2 million borrowed under Term Loan 2025 to January 2029. This indebtedness is referred to as Term Loan 2029. The Company also extended the maturity date of $602.0 million of its senior unsecured revolving credit facility from October 2026 to October 2028, with the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee.The Company's debt consisted of the following as of June 30, 2025 and December 31, 2024 (dollars in thousands):   Balance Outstanding as of Interest Rate at June 30, 2025Maturity DateJune 30, 2025December 31, 2024Unsecured revolving credit facilitiesSenior unsecured credit facility—(1)(2)October 2026 /October 2028$— $— PHL unsecured credit facility—(1)October 2028— — Unsecured revolving credit facilities$— $— Unsecured term loansTerm Loan 20255.16%(1)October 202514,783 14,783 Term Loan 20275.29%(1)October 2027360,000 360,000 Term Loan 20283.86%(1)January 2028356,652 356,652 Term Loan 20295.16%(1)January 2029185,217 185,217 Unsecured term loans principal$916,652 $916,652 Convertible senior notes principal1.75%December 2026$