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Pebblebrook Hotel Trust (NYSE: PEB) refinances $450M term loan and extends $650M revolver
Pebblebrook Hotel Trust has refinanced its debt, securing a new $450 million senior unsecured term loan and extending its $650 million revolving credit facility. These actions push out debt maturities, reduce secured debt, and provide a clear plan to address $350 million in convertible notes due December 2026. The company’s debt profile now features approximately 89% fixed-rate and 98% unsecured debt, with a weighted average interest rate of about 4.4%.