Senior Notes
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Ryman Hospitality Properties, Inc. Announces Closing of $700 Million of 5.750% Senior Notes due 2034
Globenewswire· 2026-03-11 15:15
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].
Ryman Hospitality Properties, Inc. Announces Pricing of $700 Million of Senior Notes Due 2034
Globenewswire· 2026-02-25 23:27
Core Viewpoint - Ryman Hospitality Properties, Inc. has successfully priced a private placement of $700 million in senior notes with a 5.750% interest rate, maturing in 2034, to refinance existing debt [1][2] Group 1: Financial Details - The senior notes will be senior unsecured obligations guaranteed by the Company and its subsidiaries, with net proceeds expected to be approximately $687 million after deducting discounts and expenses [1] - The proceeds will be used to fully redeem the Issuers' existing 4.750% senior notes due 2027, including accrued interest and related fees [2] Group 2: Regulatory Compliance - The notes will be sold only to qualified institutional buyers in compliance with Rule 144A and to certain non-U.S. persons under Regulation S of the Securities Act [3] Group 3: Company Overview - Ryman Hospitality Properties, Inc. is a leading lodging and hospitality REIT specializing in upscale convention center resorts and entertainment experiences, owning several major properties including Gaylord Opryland Resort & Convention Center and Gaylord Palms Resort & Convention Center [5] - The Company manages a total of 12,364 hotel rooms and over 3 million square feet of meeting space across its properties, which are managed by Marriott International [5] - Ryman also holds a 70% controlling interest in Opry Entertainment Group, which includes iconic country music brands and manages various entertainment venues [5]
Arbor Realty SR, Inc. Prices Offering of $500 Million of 7.875% Senior Notes due 2030
Globenewswire· 2025-07-02 20:05
Core Viewpoint - Arbor Realty Trust, Inc. has announced a private offering of $500 million in Senior Notes with a 7.875% interest rate, maturing in 2030, to qualified institutional buyers and non-U.S. persons [1][2] Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of 7.875% Senior Notes due 2030 [1] - The Notes will be senior, unsecured obligations of Arbor Realty SR, Inc. and guaranteed by Arbor Realty Trust, Inc. on a senior, unsecured basis [1] - The expected closing date for the offering is July 9, 2025, pending customary closing conditions [1] Group 2: Use of Proceeds - A portion of the net proceeds will be used to refinance, redeem, or repay Arbor's remaining outstanding 7.50% Convertible Notes due 2025 [2] - Any remaining proceeds will be allocated for general corporate purposes [2] Group 3: Company Overview - Arbor Realty Trust, Inc. is a nationwide real estate investment trust and direct lender, focusing on loan origination and servicing for multifamily, single-family rental portfolios, and other commercial real estate assets [5] - The company manages a multibillion-dollar servicing portfolio and is a leading lender for government-sponsored enterprise products [5] - Arbor is recognized as a Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and is an approved FHA Multifamily Accelerated Processing (MAP) lender [5]