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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