Company: PEB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001474098-25-000039
Chunk: 34

Company: Pebblebrook Hotel Trust
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 34
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 under Term Loan 2025 and $100.0 million of its borrowings under Term Loan 2027.F-18

Table of ContentsOn 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 $602.0 million of its senior unsecured revolving credit facility from October 2026 to October 2028, with the option to extend the maturity date for two six-month periods.The Company's debt consisted of the following as of December 31, 2024 and 2023 (dollars in thousands):   Balance Outstanding as of Interest Rate at December 31, 2024Maturity DateDecember 31, 2024December 31, 2023Revolving credit facilitiesSenior unsecured credit facility-(1)(2)October 2026 /October 2028$— $— PHL unsecured credit facility-(1)October 2028— — Revolving credit facilities$— $— Unsecured term loansTerm Loan 2024-(4)October 2024— 460,000 Term Loan 20255.16%(1)(5)October 202514,783 460,000 Term Loan 20275.56%(1)(6)October 2027360,000 460,000 Term Loan 20283.88%(1)January 2028356,652 — Term Loan 20295.16%(1)January 2029185,217 — Unsecured term loan principal$916,652 $1,380,000 Convertible senior notes principal1.75%December 2026$750,000 $750,000 Senior unsecured notesSeries B Notes4.93%December 20252,400 2,400 Senior Notes 20296.38%October 2029400,000 — Senior unsecured notes principal$402,400 $2,400 Mortgage loansMargaritaville Hollywood Beach Resort7.04%(3)September 2026140,000 140,000 Estancia La Jolla Hotel & Spa5.07%September 202855,413 57,497 M