Ryman Hospitality Closes $700 Million Senior Notes Offering

Corporate Action
โดย GlobeNewswire·US·Read original
Summary · why it matters

Ryman Hospitality Properties, Inc. announced that its subsidiaries, RHP Hotel Properties, LP and RHP Finance Corporation, have closed a private placement of $700 million aggregate principal amount of 6.250% senior notes due 2035. The notes are senior unsecured obligations guaranteed by the company and its subsidiaries. Net proceeds of approximately $689 million will fund a portion of the $1.38 billion purchase price for the pending acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes. The remainder will be covered by proceeds from a common stock offering of 5,865,000 shares at $117.00 per share, which closed on August 12, 2026, and cash on hand. If the acquisition is not completed, the notes will be redeemed at 100% of the issue price plus accrued interest.

Impact on stocks 1

Real Estate▲ · 1 stocks
Ryman Hospitality Properties Inc
RHP
▲ PositiveCapitalrelevance

Ryman Hospitality closes $700M notes offering to fund acquisition of two Orlando resorts, strengthening its portfolio.

Off-coverage companies 2

RHP Finance CorporationPrivate▲ Positive
Capitalrelevance

RHP Finance Corporation, as co-issuer, successfully closed the $700M senior notes offering, providing financing for the acquisition.

RHP Hotel Properties, LPPrivate▲ Positive
Capitalrelevance

RHP Hotel Properties, LP, as co-issuer, closed the $700M notes offering to fund the acquisition of two Orlando resorts.

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