RHP - Ryman Hospitality upsizes and prices public offering

2023-06-07 03:14:08 ET

• Ryman Hospitality Properties ( NYSE: RHP ) upsizes and prices underwritten registered public offering of shares, par value $0.01 per share.
• The size of the offering has been increased from 3.5M shares to 3.85M shares at a price to the public of $93.25 per share.
• Underwriters have a 30-day option to purchase up to 577.5K additional shares.
• The offering is expected to close on or about June 9, 2023.
• Net proceeds are expected to be contributed to RHP Hotel Properties. The operating partnership intends to use all of the net proceeds of ~$800M purchase price for the previously announced pending acquisition of the JW Marriott San Antonio Hill Country Resort & Spa located in San Antonio, Texas from BREIT JWM San Antonio LP and BREIT JWM San Antonio TRS and to pay related fees and expenses of the Hill Country Acquisition.

For further details see: