Document/ExhibitDescriptionPagesSize
1: 8-K Current Report HTML 32K
2: EX-99.1 Miscellaneous Exhibit HTML 10K
9: R1 Document and Entity Information Document HTML 63K
11: XML IDEA XML File -- Filing Summary XML 12K
8: XML XBRL Instance -- peb-20210513_htm XML 41K
10: EXCEL IDEA Workbook of Financial Reports XLSX 6K
4: EX-101.CAL XBRL Calculations -- peb-20210513_cal XML 7K
5: EX-101.DEF XBRL Definitions -- peb-20210513_def XML 46K
6: EX-101.LAB XBRL Labels -- peb-20210513_lab XML 98K
7: EX-101.PRE XBRL Presentations -- peb-20210513_pre XML 47K
3: EX-101.SCH XBRL Schema -- peb-20210513 XSD 13K
12: JSON XBRL Instance as JSON Data -- MetaLinks 15± 24K
13: ZIP XBRL Zipped Folder -- 0001474098-21-000100-xbrl Zip 19K
PEBBLEBROOK HOTEL TRUST ANNOUNCES EXERCISE IN FULL OF UNDERWRITERS’
OVER-ALLOTMENT OPTION AND SUBSEQUENT CLOSING OF PUBLIC OFFERING OF
6.375% SERIES G CUMULATIVE REDEEMABLE PREFERRED SHARES
BETHESDA, MD, MAY
13, 2021 – Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced it has closed its previously announced underwritten public offering of 9,200,000 of its 6.375% Series G Cumulative Redeemable Preferred Shares (the “Shares”), including 1,200,000 Shares sold pursuant to the exercise in full of the underwriters’ over-allotment option to purchase additional Shares, at a public offering price of $25.00 per share, for net proceeds of approximately $222 million, after deducting the underwriting discount and estimated offering-related expenses.
The Company contributed the net proceeds from the sale of the Shares to its operating partnership. The operating partnership will use 50% of the net proceeds to reduce its outstanding debt and 50% of the net proceeds
for general corporate purposes, which may include acquiring and investing in hotel properties in accordance with the Company’s investment strategy.
Raymond James, Wells Fargo Securities, BofA Securities and BMO Capital Markets Corp. acted as the joint book-running managers of the offering. Truist Securities, US Bancorp and PNC Capital Markets LLC acted as senior co-managers. Stifel, BBVA, Capital One Securities, Regions Securities LLC, Scotiabank, SMBC Nikko and TD Securities acted as co-managers.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and a leading owner of urban and resort lifestyle
hotels in the United States. The Company owns 52 hotels, totaling approximately 12,800 guest rooms across 14 urban and resort markets with a focus on the west coast gateway cities.
###
Contacts:
Raymond D. Martz, Chief Financial Officer, Pebblebrook Hotel Trust - (240) 507-1330
