- Pebblebrook Hotel Trust (NYSE:PEB) priced its earlier announced underwritten public offering of $215M principal amount of its 1.75% convertible senior notes due 2026.
- Underwriters granted 13-day option to purchase up to an additional $35M principal amount of the notes.
- Notes will have terms identical to the $500M principal amount of 1.75% convertible senior notes due 2026 issued on Dec. 15, 2020.
- Initial public offering price for the notes will be 105.5% of the principal amount thereof plus accrued interest from, and including, Dec. 15, 2020.
- Offering is expected to close on Feb.9.