Senior Notes due 2033

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Ryman Hospitality Properties, Inc. Announces Closing of $625 Million of 6.500% Senior Notes Due 2033
Globenewswire· 2025-06-04 15:01
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].
Bombardier Announces Closing of its New Issuance of Senior Notes due 2033
Globenewswire· 2025-05-29 21:01
Core Viewpoint - Bombardier Inc. has successfully closed a US$500 million offering of Senior Notes due 2033 with a coupon rate of 6.750% per annum, maturing on June 15, 2033 [1] Group 1: Offering Details - The New Notes were sold at par and will be used to fund the repayment of outstanding indebtedness, specifically the redemption of US$500 million of 7.875% Senior Notes due 2027 [2] - Prior to the redemption, there is US$683,142,000 outstanding of the 2027 Notes [2] Group 2: Redemption Timeline - The redemption of the 2027 Notes is expected to be completed on June 13, 2025, following a notice of partial redemption issued on May 14, 2025 [3] Group 3: Regulatory Information - The New Notes have not been registered under the United States Securities Act and were offered only to qualified institutional buyers in the U.S. and accredited investors in Canada [4]
Ryman Hospitality Properties, Inc. Announces Upsizing and Pricing of $625 Million of Senior Notes Due 2033
Globenewswire· 2025-05-20 22:00
Core Viewpoint - Ryman Hospitality Properties, Inc. has successfully upsized and priced 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 expected net proceeds of approximately $614 million after expenses [1][2]. Group 1: Notes Offering - The private placement of senior notes was increased from $600 million to $625 million, with a fixed interest rate of 6.500% due in 2033 [1]. - The notes will be senior unsecured obligations guaranteed by the company and its subsidiaries, which also guarantee existing credit facilities and other senior unsecured notes [1]. - The expected closing date for the notes offering is June 4, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the notes offering will be used to fund part of the $865 million purchase price for the Desert Ridge Acquisition and to cover related fees and expenses [2]. - The remaining balance for the Desert Ridge Acquisition will be financed through a public offering of 2,600,000 shares of common stock priced at $96.20 per share, which is expected to close on May 21, 2025 [2][3]. Group 3: 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]. - The completion of the notes offering is not contingent upon the Desert Ridge Acquisition, and vice versa [3]. Group 4: 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 [6]. - The company owns several major properties, including Gaylord Opryland Resort & Convention Center and Gaylord Palms Resort & Convention Center, totaling 11,414 rooms and over 3 million square feet of meeting space [6][7]. - Ryman Hospitality also holds a controlling interest in Opry Entertainment Group, which includes iconic country music brands and entertainment venues [6][7].
Ryman Hospitality Properties, Inc. Announces Proposed $600 Million Senior Notes Offering
Globenewswire· 2025-05-20 11:39
Core Viewpoint - Ryman Hospitality Properties, Inc. plans to offer up to $600 million in senior notes to fund part of the acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa and related expenses [1][2]. Group 1: Offering Details - The senior notes will be due in 2033 and will be senior unsecured obligations guaranteed by the company and its subsidiaries [1]. - The net proceeds from the offering will be used to cover approximately $865 million of the acquisition price for the Desert Ridge property [2]. - The offering is not contingent upon the completion of the Desert Ridge Acquisition and will occur before its completion [3]. Group 2: Acquisition Funding - The remaining balance for the Desert Ridge Acquisition will be funded through a public offering of 2,600,000 shares of common stock priced at $96.20 per share, along with cash on hand [2]. - The Common Stock Offering is expected to close on May 21, 2025, subject to customary conditions [3]. Group 3: Regulatory Compliance - The notes will be 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]. - The notes have not been registered under the Securities Act and will not be sold in the U.S. without registration or an exemption [4]. Group 4: Company Overview - Ryman Hospitality Properties, Inc. is a leading lodging and hospitality REIT specializing in upscale convention center resorts and entertainment experiences [6]. - The company owns several major properties, including Gaylord Opryland Resort & Convention Center and JW Marriott San Antonio Hill Country Resort & Spa, totaling 11,414 rooms and over 3 million square feet of meeting space [6].
Bombardier Announces Launch of US$500 million New Issuance of Senior Notes due 2033 to retire US$500 million of its Senior Notes due 2027
Globenewswire· 2025-05-14 11:30
Core Viewpoint - Bombardier Inc. has announced the launch of a US$500 million offering of new Senior Notes due 2033 to manage its debt obligations and related expenses [1][2]. Group 1: Offering Details - The proceeds from the New Notes will be used to repay outstanding indebtedness, specifically to redeem US$500 million of its 7.875% Senior Notes due 2027 [2]. - As of the announcement date, there is US$683,142,000 of the 2027 Notes outstanding [2]. Group 2: Conditions and Risks - The completion of the New Notes offering and the redemption of the 2027 Notes is subject to market conditions and other factors, with no assurance of successful completion [3]. - The Conditional 2027 Notes Redemption is contingent upon the successful offering of the New Notes [3]. Group 3: Regulatory Information - The New Notes have not been registered under the U.S. Securities Act and may only be offered to qualified institutional buyers [5]. - In Canada, the New Notes will be offered on a private placement basis to accredited investors, exempt from prospectus requirements [5].