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Pebblebrook Extends $787 Million in Debt Maturities, Including Term Loan, Credit Facility
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Pebblebrook Extends $787 Million in Debt Maturities, Including Term Loan, Credit Facility
Nov 4, 2024 11:08 AM

11:28 AM EST, 11/04/2024 (MT Newswires) -- Pebblebrook Hotel Trust ( PEB ) said Monday it has extended $787 million in debt maturities, including $185.2 million of its $200 million 2025 term loan to 2029.

The company also extended $602 million of its $650 million senior unsecured revolving credit facility to 2029.

The credit facility has two six-month extension options and is undrawn and fully available, Pebblebrook said.

Pricing on the term loan and credit facility remains unchanged, the company said.

Shares of Pebblebrook were 2.9% higher in recent trading.

Price: 12.20, Change: +0.35, Percent Change: +2.95

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