Core Viewpoint - Pebblebrook Hotel Trust is launching a private offering of convertible senior notes due in 2030, aiming to raise $350 million, with a potential increase of up to $50 million for over-allotments [1][2]. Group 1: Offering Details - The proceeds from the offering are intended for the repurchase of certain 1.75% convertible senior notes due in 2026 [1]. - The repurchase is expected to be conducted through privately negotiated transactions [2]. - The company anticipates that holders of the 2026 notes may engage in or unwind derivatives related to the company's common shares as part of these transactions [2][3]. Group 2: Market Impact - Activities related to the repurchase of the 2026 notes could influence the market price of Pebblebrook Hotel Trust's common shares [3]. - The effective conversion price of the new notes may be affected during these transactions, potentially increasing it or reducing any decrease in the market price [4]. Group 3: Company Profile - Pebblebrook Hotel Trust is the largest owner of urban and resort lifestyle hotels in the US, owning 46 hotels with approximately 12,000 guest rooms across 13 urban and resort markets [4].