Ryman Hospitality Properties, Inc. Announces Closing of $700 Million of 5.750% Senior Notes due 2034

Core Viewpoint - Ryman Hospitality Properties, Inc. has successfully completed a private placement of $700 million in senior notes, which will be used to redeem existing senior notes due in 2027 [1][2]. Group 1: Financial Details - The private placement consists of 5.750% senior notes due in 2034, with net proceeds expected to be approximately $687 million after deducting discounts, commissions, and estimated offering expenses [1]. - The proceeds from the offering will be utilized to fully redeem the 4.750% senior notes due in 2027, including any accrued and unpaid interest and related fees [2]. Group 2: Regulatory Compliance - The notes were sold to qualified institutional buyers in compliance with Rule 144A of the Securities Act and to certain non-U.S. persons under Regulation S [3]. Group 3: Company Overview - Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust, specializing in upscale convention center resorts and entertainment experiences [5]. - The company owns several major properties, including five of the top seven largest non-gaming convention center hotels in the U.S., and has a total of 12,364 rooms and over 3 million square feet of meeting space [5]. - The company also holds a 70% controlling interest in Opry Entertainment Group, which includes iconic country music brands and manages various live music venues [5].