04:51 PM EDT, 09/16/2025 (MT Newswires) -- Pebblebrook Hotel Trust ( PEB ) said late Tuesday it launched a private placement of $350 million aggregate principal amount of convertible senior notes due 2030.

The company expects to give initial purchasers a 13-day option period to buy up to an additional $50 million of notes.

Pebblebrook said it plans to use the net proceeds from the offering to repurchase a portion of its outstanding 1.75% convertible senior notes due 2026 through privately negotiated transactions.

Shares of Pebblebrook Hotel ( PEB ) fell more than 4% in after-hours activity.