secwatch.observer — SEC 8-K summary
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Issuer:     Ryman Hospitality Properties, Inc. (RHP)
CIK:        0001040829
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001140361-23-029137
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040829/000114036123029137/0001140361-23-029137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040829/000114036123029137/ny20009346x8_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-029137

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