Ryman Executes $700M Senior Notes Indenture to Fund Grande Lakes Acquisition
RHP sits 59% above its 52-week low of $83.82.
Summary
Ryman Hospitality executed the indenture for its $700 million 6.250% senior notes due 2035, with a special mandatory redemption if the Grande Lakes acquisition does not close by February 28, 2027.
Key Events · Financing and Capital Events · RHP
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$700M Senior Notes Indenture Executed
Ryman Hospitality executed the indenture for $700 million aggregate principal amount of 6.250% Senior Notes due 2035, with U.S. Bank Trust Company as trustee.
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Special Mandatory Redemption Protects Noteholders
If the Grande Lakes Acquisition is not consummated by February 28, 2027, the notes must be redeemed at 100% of issue price plus accrued and unpaid interest.
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Proceeds Fund $1.38B Grande Lakes Acquisition
Net proceeds will fund a portion of the approximately $1.38 billion purchase price for the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes.
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Redemption Schedule and Equity Clawback
Notes redeemable at 103.125% (2029), 101.563% (2030), and 100.000% (2031+); up to 40% redeemable at 106.250% before August 15, 2029 with equity offering proceeds.
Analysis · RHP · Real Estate & Construction
Ryman Hospitality formally executed the indenture for its $700 million senior notes offering, locking in a 6.250% coupon due 2035. The notes carry a special mandatory redemption: if the $1.38 billion Grande Lakes Orlando acquisition does not close by February 28, 2027, the notes must be redeemed at 100% of issue price plus accrued interest. This protects noteholders from being stuck with acquisition-financing debt if the deal falls through, while giving Ryman committed capital to complete the transaction. The execution follows the equity offering that closed August 12, 2026, raising approximately $658 million in net proceeds — together these financings cover the full purchase price plus fees.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 29.6% of the 2856 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.04%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, RHP was trading at $132.95 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $9.1B. The 52-week trading range was $83.82 to $137.46. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.