---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062700"
form_type: "8-K"
ticker: "RHP"
cik: "0001040829"
company_name: "Ryman Hospitality Properties, Inc."
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T19:10:11.685256+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ryman Hospitality refinances $700M revolver and $500M term loan B, extending maturities to 2027/2030

## Summary
- Revolver undrawn at closing; $500M Term Loan B proceeds used to repay existing $370M balance, remainder for general corporate purposes.
- Mortgage collateral released from Gaylord Opryland, Palms, Texan, and National; replaced with equity pledges on Opryland and Texan, increasing unencumbered asset pool.
- Revolver pricing: leverage-based grid of 140-200 bps over SOFR; Term Loan B pricing: 275 bps over SOFR.
- Revolver maturity extended to 2027 (with up to one-year extension); Term Loan B maturity extended to 2030.

## SEC filing metadata
- accession: 0001104659-23-062700
- form_type: 8-K
- ticker: RHP
- cik: 0001040829
- company_name: Ryman Hospitality Properties, Inc.
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040829/000110465923062700/0001104659-23-062700-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040829/000110465923062700/tm2316305d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062700
- JSON: https://secwatch.observer/filing/0001104659-23-062700.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062700.txt

## Key facts
- Debt Financings
  Ryman Hospitality Properties, Inc. incurred credit facility of $700 million revolving credit facility and $500 million term loan B facility with Wells Fargo Bank, National Association at Adjusted Term SOFR plus 2.75% maturing May 18, 2030.
  - Instrument: credit facility
  - Principal: $700 million revolving credit facility and $500 million term loan B facility
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: Adjusted Term SOFR plus 2.75%
  - Maturity: May 18, 2030
  - Event: incurrence
  source text: dated as of October 31, 2019 (as amended from time to time, the “Original Credit Agreement”) (collectively, the “Refinancing Transactions”). The Credit Agreement provides a $700 million revolving credit facility (the “Revolver”) and $500 million term loan B facility (the “Term Loan B Facility”), as well as an accordion feature that will allow Borrower to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040829/000110465923062700/0001104659-23-062700-index.htm
- Material Agreements
  Ryman Hospitality Properties, Inc. amended Revolving Credit Facility with Wells Fargo (effective 2023-05-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo
  - Effective: 2023-05-18
  source text: the Company refinanced its existing $700 Million Revolving Credit Facility (“Revolver”), extending its maturity from 2024 to 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040829/000110465923062700/0001104659-23-062700-index.htm
- Material Agreements
  Ryman Hospitality Properties, Inc. amended Term Loan B with Wells Fargo (effective 2023-05-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo
  - Effective: 2023-05-18
  source text: Successfully Completes Refinancing of $700 Million Credit Facility and $500 Million Term Loan B NASHVILLE, Tenn. (May 18, 2023) – Ryman Hospitality Properties, Inc. (NYSE: RHP), a leading lodging and hospitality real estate
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040829/000110465923062700/0001104659-23-062700-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.