Ryman Prices 5.1M Share Offering at $117, a 2.4% Discount to Market
RHP sits 43% above its 52-week low of $83.82 on elevated volume (2.1× avg).
Summary
Ryman Hospitality Properties priced a 5.1 million share common stock offering at $117 per share, a 2.4% discount to the last close of $119.88, raising approximately $597 million in gross proceeds. The underwriters have a 30-day option to purchase up to 765,000 additional shares. The net proceeds will be used to fund a portion of the approximately $1.38 billion acquisition of the JW Marriott Orlando Grande Lakes Resort and the Ritz-Carlton Orlando, Grande Lakes. The offering represents roughly 8% of shares outstanding, making it dilutive for existing holders. The deal is expected to close on August 13, 2026.
At the time of this announcement, RHP was trading at $119.88 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $7.6B. The 52-week trading range was $83.82 to $137.46. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.