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Pebblebrook to place $100 million; Exiqon sells 9.25% note; Heartland places 10-year notes
By Lisa Kerner
Charlotte, N.C., Nov. 12 – Pebblebrook Hotel Trust agreed to privately place $100 million of senior notes to a group of institutional investors.
The notes will be issued as $60 million of 4.7% notes due December 2023 and $40 million of 4.93% notes due December 2025.
Closing is expected to occur on Dec. 1, according to a news release.
Proceeds will be used to pay down existing borrowings on the company’s credit facility and for other working capital needs.
Pebblebrook is a Bethesda, Md.-based real estate investment trust.
Exiqon A/S announced the issue of a DKK 40 million three-year 9.25% senior secured note.
The note is fully subscribed, subject to customary conditions, by Ture Invest AB, according to a news release.
Exiqon is a Copenhagen-based biotechnology company.
Heartland BancCorp completed a private placement of $5.4 million of fixed- and variable-rate subordinated promissory notes due 2025 to accredited investors.
Proceeds will be used for general corporate purposes, according to a news release.
Heartland is a Gahanna, Ohio-based bank holding company.
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