Ryman hospitality properties, inc. announces closing of upsized common stock offering and full exercise of underwriters' over-allotment option

Nashville, tenn., june 09, 2023 (globe newswire) -- ryman hospitality properties, inc. (nyse: rhp) (the “company”) today announced the closing of its previously announced upsized underwritten registered public offering of 4,427,500 shares of its common stock, par value $0.01 per share, at a price to the public of $93.25 per share (the “offering”). the shares sold in the offering included 577,500 shares sold following the june 7, 2023 exercise in full of the underwriters' option to purchase additional shares of common stock, which were delivered at the time of the closing of the offering. as a result, the company received aggregate net proceeds from the sale of the common stock of approximately $396 million, after deducting underwriting discounts and commissions and other estimated expenses of the offering payable by the company.
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