Loan & DebtAug 11, 2026, 06:27 PM
Ryman Hospitality Prices $700M Senior Notes Due 2035
AI Summary
Ryman Hospitality Properties, Inc. announced the successful pricing of a private placement of $700 million aggregate principal amount of 6.250% senior notes due 2035. The net proceeds from this offering, expected to close on August 25, 2026, will be used to fund a portion of the previously announced $1.38 billion acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando. The remaining portion of the acquisition will be funded by a recently priced common stock offering of 5.1 million shares at $117.00 per share and cash on hand.
Key Highlights
- Ryman Hospitality Properties priced $700 million aggregate principal amount of senior notes.
- The notes carry an interest rate of 6.250% and are due in 2035.
- The offering is expected to close on August 25, 2026.
- Net proceeds will fund a portion of the $1.38 billion Grande Lakes Acquisition.
- The acquisition involves JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando.
- Balance of acquisition funding from a 5.1 million share common stock offering at $117.00 per share.
- Common Stock Offering priced on August 10, 2026, and expected to close on August 12, 2026.
- If the Grande Lakes Acquisition is not consummated, notes will be redeemed at 100% of issue price.
Price Impact
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