Ryman hospitality properties, inc. announces closing of $400 million of 7.250% senior notes due 2028

Nashville, tenn., june 22, 2023 (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 $400 million aggregate principal amount of 7.250% senior notes due 2028 (the “notes”). the notes are senior unsecured obligations of the issuers and are guaranteed by the company and the company's and the operating partnership's subsidiaries that guarantee the operating partnership's existing credit facility, the 4.750% senior unsecured notes due 2027 and the 4.50% senior unsecured notes due 2029. the aggregate net proceeds from the sale of the notes are expected to be approximately $393 million, after deducting the initial purchasers' discounts and commissions and estimated offering expenses.
RHP Ratings Summary
RHP Quant Ranking