About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

Contact Cabling Installation & Maintenance

Editorial

Patrick McLaughlin

Serena Aburahma

Advertising and Sponsorship Sales

Peter Fretty - Vice President, Market Leader

Tim Carli - Business Development Manager

Brayden Hudspeth - Sales Development Representative

Subscriptions and Memberships

Subscribe to our newsletters and manage your subscriptions

Feedback/Problems

Send a message to our general in-box

 

Pebblebrook Hotel Trust Completes $2.0 Billion Refinancing

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on October 13, 2022, it successfully refinanced $2.0 billion of credit facilities and term loans, resulting in a $650.0 million senior unsecured revolving credit facility (“Credit Facility”) and three term loans totaling $1.4 billion.

“We are extremely appreciative of our bank group’s continued strong support for our company and on this significant refinancing effort,” said Raymond D. Martz, Chief Financial Officer for Pebblebrook Hotel Trust. “In addition to extending our debt maturities, this refinancing provides us with enhanced balance sheet flexibility and capacity.”

The $650.0 million Credit Facility’s maturity was extended to October 2027, inclusive of two optional six-month extensions. The Credit Facility’s interest rate is based on a pricing grid, in line with the prior pricing grid, of 145 to 250 basis points over the applicable adjusted term SOFR.

The first $460.0 million term loan matures in October 2024. The second $460.0 million term loan matures in October 2025. The third $460.0 million term loan matures in October 2027. The interest rate on all three term loans is based on a pricing grid, in line with the prior pricing grid, of 140 to 245 basis points over the applicable adjusted term SOFR.

As of September 30, 2022, after taking into account certain interest rate swap agreements, approximately 79% of the Company’s total outstanding debt and convertible notes are fixed at an average interest rate of approximately 2.7%, and 21% are floating at an average interest rate of approximately 4.9%.

With the completion of this refinancing, the Company has no meaningful debt maturities until October 2024.

The Company’s $650.0 million Credit Facility and $1.4 billion of term loans are jointly led by BofA Securities, Inc.; Capital One, National Association; PNC Capital Markets LLC; TD Bank, N.A.; Truist Securities, Inc.; U.S. Bank National Association; and Wells Fargo Securities, LLC. Bank of America, N.A. serves as the Administrative Agent. U.S. Bank National Association serves as the Syndication Agent. Capital One, National Association; PNC Bank, National Association; TD Bank, N.A.; Truist Bank; and Wells Fargo Bank, National Association serve as Documentation Agents. Raymond James Bank, Regions Bank, and Sumitomo Mitsui Banking Corporation serve as Senior Managing Agents.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 51 hotels, totaling approximately 12,800 guest rooms across 15 urban and resort markets. For more information, visit www.pebblebrookhotels.com and follow us at @PebblebrookPEB.

For additional information or to receive press releases via email, please visit our website at

www.pebblebrookhotels.com

Contacts

Raymond D. Martz, Chief Financial Officer, Pebblebrook Hotel Trust - (240) 507-1330

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.