---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-029137"
form_type: "8-K"
ticker: "RHP"
cik: "0001040829"
company_name: "Ryman Hospitality Properties, Inc."
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T03:28:34.868849+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ryman Hospitality closes $396M equity offering and $400M debt placement for $800M resort acquisition

## Summary
- Company sold 4.4275M shares at $93.25, net proceeds ~$396M after underwriting discounts and commissions.
- Upsized offering from 3.5M to 3.85M shares; underwriters' 30-day option for 577,500 shares exercised in full.
- Net proceeds will fund portion of ~$800M pending acquisition of JW Marriott San Antonio Hill Country Resort.
- Also priced $400M senior notes due 2028, net proceeds ~$393M, to finance remaining acquisition balance.
- If Hill Country Acquisition not completed, proceeds used for general corporate purposes and notes subject to special mandatory redemption.

## SEC filing metadata
- accession: 0001140361-23-029137
- form_type: 8-K
- ticker: RHP
- cik: 0001040829
- company_name: Ryman Hospitality Properties, Inc.
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040829/000114036123029137/0001140361-23-029137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040829/000114036123029137/ny20009346x8_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-029137
- JSON: https://secwatch.observer/filing/0001140361-23-029137.json
- Plain text: https://secwatch.observer/filing/0001140361-23-029137.txt

## Key facts
- Material Agreements
  Ryman Hospitality Properties, Inc. entered into Underwriting Agreement with BofA Securities, Inc. and J.P. Morgan Securities LLC as representatives of the underwriters valued at approximately $396 million (effective 2023-06-06).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc. and J.P. Morgan Securities LLC as representatives of the underwriters
  - Value: approximately $396 million
  - Effective: 2023-06-06
  source text: On June 6, 2023, Ryman Hospitality Properties, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and J.P. Morgan Securities LLC as representatives (collectively, the “Representatives”) of the underwriters listed in Schedule 1 of the Underwriting Agreement (the “Underwriters”), providing for the issuance and sale by the Company of 3,850,000 shares of the Company’s common stock, par value $0.01 per share (the “common stock”), at a purchase price to the public of $93.25 per share, less underwriting discounts and commissions, in a registered public offering (the “offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040829/000114036123029137/0001140361-23-029137-index.htm

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