Pebblebrook Hotel Shares Slip on Private $350 Million Notes Offering

Dow Jones
Yesterday
 

By Connor Hart

 

Shares of Pebblebrook Hotel Trust slipped after the company said it plans to privately offer $350 million worth of senior notes that are convertible to stock in 2030.

The stock was down 4.8% to $11 in premarket trading Wednesday. Through Tuesday's close, shares have declined 14% over the past year.

The real-estate investment trust, which owns 46 hotels across the U.S., said late Tuesday that it will also allow initial purchasers an option to buy another $50 million worth of notes to cover over-allotments.

It plans to use proceeds from the offerings to repurchase certain of its senior notes due in 2026 through privately negotiated transactions.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

September 17, 2025 06:23 ET (10:23 GMT)

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