Pebblebrook Hotel launches $350M convertible senior notes offering

Pebblebrook Hotel (PEB) Trust announced that it has launched a private placement, subject to market conditions and other factors, of $350M aggregate principal amount of convertible senior notes due 2030. The company intends to use the net proceeds from the offering to repurchase, in privately negotiated transactions, certain of its 1.75% convertible senior notes due 2026