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Pebblebrook Hotel Trust Announces Successful Amendments of Credit Agreements to Extend Waivers and Provides Update on Recent Operating Performance
February 19, 2021 GMT
BETHESDA, Md. (BUSINESS WIRE) Feb 19, 2021
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on February 18, 2021, it had successfully amended the agreements governing its outstanding debt, including its $650.0 million senior unsecured revolving credit facility, $1.6 billion of term loans and working capital facilities, and $100.0 million private placement senior notes. In addition, the maturity of approximately $21.0 million of the Company’s debt was extended from November 2021 to November 2022.
Operator
Good morning. Welcome to the Willis Towers Watson Fourth Quarter 2020 Earnings Conference Call. Please refer to willistowerswatson.com for the press release and supplemental information that was issued earlier today. Today s call is being recorded and will be available for the next three months on Willis Towers Watson s website.
Some of the comments in today s call may constitute forward-looking statements, within the meaning of the Private Securities Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. Actual results may differ materially from those discussed today, and the company undertakes no obligation to update these statements, unless required by law. For more detailed discussion of these and other risk factors, investors should review the Forward-Looking Statements section of the earnings press release issued this morning as well as other disclosures in the most recent Form 10-K and in other Willis Towers Watson s SEC filings
Pebblebrook Hotel Trust today announced that it monetized 14 rooftop wireless leases, including the assignment of future wireless rooftop leases, through the granting of long-term easements at 11. | January 28, 2021
Williams Global Resolution with Chesapeake Receives Bankruptcy Court Approval – IT Business Net itbusinessnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itbusinessnet.com Daily Mail and Mail on Sunday newspapers.
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Williams (NYSE: WMB) today announced bankruptcy court approval of the global resolution it reached last month with Chesapeake as part of Chesapeake’s Chapter 11 bankruptcy restructuring process. Subsequent to the bankruptcy court’s approval, Williams received a payment of $112 million from Chesapeake related to all pre-petition and past due receivables associated with midstream expenses per the existing contracts.
Key highlights of the approved global resolution include the following:
Chesapeake will pay all pre-petition and past due receivables related to midstream expenses, per the existing contracts.
Chesapeake will not attempt to reject Williams’ gathering agreements in the Eagle Ford, Marcellus, or Mid-Con.