trending Market Intelligence /marketintelligence/en/news-insights/trending/EKDq3Ji3p3EhE0P-6NXNWQ2 content esgSubNav
In This List

Ryman Hospitality units price $200M tack-on offering of senior notes

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Ryman Hospitality units price $200M tack-on offering of senior notes

A pair of Ryman Hospitality Properties Inc. units priced an upsized tack-on offering of $200 million of 4.750% senior unsecured notes due 2027 at 101.250% of their aggregate principal amount plus applicable interest.

RHP Hotel Properties LP and RHP Finance Corp. initially planned to issue up to $100 million of the notes in the private placement.

The hotel real estate investment trust expects the offering to close Oct. 8 and generate approximately $199.5 million in net proceeds.

Substantially all of the net proceeds are expected to go toward the repayment of a portion of the amounts outstanding under the company's revolving credit facility, with any remaining proceeds to be used for general corporate purposes.