Ryman Hospitality Plans to Issue $700M Senior Notes
Ryman Hospitality Properties announced that its subsidiaries, RHP Hotel Properties and RHP Finance Corporation, intend to offer, in a private placement, subject to market and other conditions, $700M aggregate principal amount of senior notes due 2034. The Notes will be senior unsecured obligations of the Issuers and guaranteed by the Company and its subsidiaries that guarantee the Operating Partnership's existing credit facility and the Issuers' outstanding senior unsecured notes. The Issuers intend to use the net proceeds of the offering, together with available cash, to redeem in full the Issuers' 4.750% senior notes due 2027, including accrued and unpaid interest on the 2027 Notes and related fees and expenses.
