Ryman hospitality properties, inc. announces closing of private offering of $600 million of 4.500% senior notes due 2029 and expiration and results of tender offer for 2023 notes

Nashville, tenn., feb. 17, 2021 (globe newswire) -- ryman hospitality properties, inc. (nyse: rhp) (the “company”) announced today that its subsidiaries, rhp hotel properties, lp (the “operating partnership”) and rhp finance corporation (together with the operating partnership, the “issuers”), completed the previously announced private placement of $600 million aggregate principal amount of 4.500% senior notes due 2029 (the “notes”). the notes are senior unsecured obligations of the issuers and are guaranteed by the company and the operating partnership's subsidiaries that guarantee the company's senior secured credit facility, the 5.00% senior unsecured notes due 2023 (the “2023 notes”) and the 4.750% senior unsecured notes due 2027. the aggregate net proceeds from the sale of the notes are expected to be approximately $591 million, after deducting the initial purchasers' discounts and commissions and estimated offering expenses.
RHP Ratings Summary
RHP Quant Ranking