Corporate ActionAug 10, 2026, 08:10 PM
Ryman Hospitality Prices 5.1M Share Offering at $117/Share
AI Summary
Ryman Hospitality Properties, Inc. announced the pricing of its previously disclosed public offering of 5,100,000 shares of common stock at $117.00 per share, totaling approximately $596.7 million. The company also granted underwriters an option to purchase up to 765,000 additional shares. The net proceeds are intended to fund a portion of the $1.38 billion acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes. The offering is expected to close on August 12, 2026.
Key Highlights
- Priced public offering of 5,100,000 shares of common stock.
- Offering price set at $117.00 per share.
- Total initial offering value of approximately $596.7 million.
- Underwriters granted 30-day option to purchase up to 765,000 additional shares.
- Net proceeds to fund a portion of the $1.38 billion Grande Lakes Acquisition.
- Offering expected to close on August 12, 2026.
- BofA Securities, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities are joint book-running managers.
Price Impact
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