Corporate ActionAug 12, 2026, 04:25 PM
Ryman Hospitality Properties Raises $658M in Common Stock Offering
AI Summary
Ryman Hospitality Properties, Inc. entered into an underwriting agreement for a registered public offering of its common stock. The company initially issued 5,100,000 shares, and underwriters fully exercised an option to purchase an additional 765,000 shares. The offering closed on August 12, 2026, resulting in approximately $658 million in net proceeds to the company after deducting discounts and expenses.
Key Highlights
- Ryman Hospitality Properties issued and sold 5,100,000 shares of common stock.
- Underwriters exercised a 30-day option to purchase an additional 765,000 shares.
- Total shares sold, including option, amounted to 5,865,000 shares.
- The public purchase price was $117.00 per share.
- Net proceeds to the company were approximately $658 million.
- BofA Securities, Inc. and J.P. Morgan Securities LLC acted as representatives of the underwriters.
Price Impact
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