RHP - Ryman Hospitality extends credit facility waiver period to April 2022

Ryman Hospitality (RHP) gets an extended temporary waiver of all financial covenants through April 1, 2022 on its credit agreement governing its $700M revolving credit facility, $300M term loan A facility and its term loan B facility (of which $382.55M is outstanding).The amendment confirms continued availability of the undrawn amounts under the revolving credit facility and the term loan A facility, effective as of April 1, 20201.It also provides for certain modified restrictions on the incurrence of additional indebtedness, the payment of dividends, share repurchases and certain capital expenditures by the company during the extended waiver period, as well as a continued minimum liquidity requirement.In addition, the second amendment continues to provide that all borrowings under the revolving credit facility made during the extended waiver period may only be used for payment of operating expenses, debt service, and certain permitted capital expenditures and investments (as modified by the terms of the second amendment). Financial

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Ryman Hospitality extends credit facility waiver period to April 2022