Convertible arbitrage strategy

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Pebblebrook Hotel Trust announces $350m convertible notes offering
Yahoo Financeยท 2025-09-17 11:07
Pebblebrook Hotel Trust, a real estate investment trust which owns, acquires and manages hotel and resort properties, has launched a private offering of convertible senior notes due in 2030, aiming to raise $350m. The company also plans to offer an additional purchase option for over-allotments, potentially increasing the total principal amount by up to $50m. The proceeds from this offering are intended for the repurchase of certain 1.75% convertible senior notes due in 2026. The repurchase of these is ...