secwatch.observer — SEC 8-K summary
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Issuer:     Ryman Hospitality Properties, Inc. (RHP)
CIK:        0001040829
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001140361-23-028832
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryman Hospitality upsizes note offering to $400M at 7.250% due 2028 for Hill Country acquisition
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- Upsized private placement of $400M senior notes at 7.250% due 2028; originally $300M.
- Net proceeds ~$393M after discounts and expenses, to fund $800M purchase of JW Marriott San Antonio Hill Country Resort & Spa.
- Notes expected to close June 22, 2023; proceeds held in escrow pending acquisition completion.
- Separate common stock offering of 3.85M shares at $93.25 announced June 6; neither offering contingent on the other.
- Special mandatory redemption at 100% if Hill Country Acquisition not consummated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040829/000114036123028832/0001140361-23-028832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040829/000114036123028832/ny20009346x6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-028832

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