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AI brief of an SEC Form 8-K · Pebblebrook Hotel Trust (PEB)

Pebblebrook Hotel Trust closes $400 million convertible notes due 2030

Neutral Impact 3 of 5 financing Written later

Pebblebrook Hotel Trust closed a $400.0 million private offering of 1.625% convertible senior notes due January 15, 2030 on September 18, 2025. The company used the net proceeds, about $389.7 million, with about $4.1 million of cash on hand, to repurchase about $400.0 million of its 1.75% convertible notes due 2026, and it also repurchased about 4.3 million common shares, which could affect shareholders through potential dilution if the new notes convert.

Key points

  • $400.0 million of 1.625% convertible senior notes due January 15, 2030 closed on September 18, 2025, including the $50.0 million over-allotment option exercised in full
  • Net proceeds of about $389.7 million, plus about $4.1 million of cash on hand, were used to repurchase about $400.0 million of 1.75% notes due 2026
  • Initial conversion price of about $15.89 per share, a 37.5% premium to the $11.56 closing price on September 16, 2025; maximum of 25,165,160 common shares could be issued on conversion
  • About 4.3 million common shares were repurchased at $11.56 per share

The filing

CompanyPebblebrook Hotel Trust (PEB)
Form8-K, current report
Filed with the SECSep 22, 2025, 4:26 PM ET
Accession number0001474098-25-000129

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 22, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.