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Ryman Hospitality Properties (NYSE:RHP) to suspend its dividend through the balance of the year until an appropriate year-end dividend can be determined by its Board of Directors.
In addition, RHP completed a $400M draw from its existing $700M revolving line of credit as a precaution to ensure funds to meet its obligations for a sustained period of time.
RHP has ~$685M of cash and $300M of remaining availability on its credit facility.
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