Ryman Hospitality Properties, Inc. Announces Closing of $625 Million of 6.500% Senior Notes Due 2033

Core Viewpoint - Ryman Hospitality Properties, Inc. has successfully completed a private placement of $625 million in senior notes to fund a portion of the acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa, with net proceeds expected to be approximately $614 million after expenses [1][2]. Group 1: Financial Details - The senior notes have a 6.500% interest rate and are due in 2033, representing senior unsecured obligations guaranteed by the company and its subsidiaries [1]. - The total purchase price for the Desert Ridge Acquisition is approximately $865 million, with the remaining funds sourced from a recent public offering of common stock [2]. - The company completed a public offering of 2,990,000 shares at a price of $96.20 per share, which closed on May 21, 2025 [2]. Group 2: Redemption Conditions - If the Desert Ridge Acquisition is not completed, the notes will be subject to a special mandatory redemption at 100% of the issue price plus any accrued interest [3]. Group 3: Regulatory Compliance - The notes were offered only to qualified institutional buyers and certain non-U.S. persons, in compliance with Rule 144A and Regulation S under the Securities Act [4].