Ryman Hospitality Properties (RHP) said late Monday it priced an underwritten public offering of 2.6 million common shares at $96.20 per share.
The underwriters have been granted a 30-day option to purchase up to 390,000 additional shares.
Net proceeds will be used to partially fund the pending JW Marriott Phoenix Desert Ridge Resort & Spa acquisition or for general corporate purposes, the company said.
The offering, which has been upsized from 2.3 million common shares, is expected to close on or about Wednesday.
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