Ryman Hospitality Properties to Issue Up to $600 Million in Senior Notes
MT Newswires Live
May 20, 2025
Ryman Hospitality Properties (RHP) said Tuesday its subsidiaries plan to issue up to $600 million in senior unsecured notes due 2033.
Net proceeds will be used to cover part of the $865 million acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa, Ryman said. The remaining amount will be covered by the underwritten public offering of 2.6 million shares at $96.20 per share that Ryman priced on Monday, the company added.
Shares of Ryman were down more than 2% in recent Tuesday premarket activity.
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