secwatch.observer — SEC 8-K summary
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Issuer:     Ryman Hospitality Properties, Inc. (RHP)
CIK:        0001040829
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001140361-23-030947
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryman Hospitality closes $400M 7.250% senior notes offering for Hill Country acquisition
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- $400M aggregate principal of 7.250% senior notes due 2028 issued by RHP Hotel Properties, LP and RHP Finance Corporation.
- Net proceeds ~$393M; deposited into escrow pending completion of ~$800M JW Marriott San Antonio Hill Country acquisition.
- If acquisition not consummated, notes subject to special mandatory redemption at 100% of issue price plus accrued interest.
- Notes are unsecured senior obligations, guaranteed by Ryman and certain subsidiaries; rank equally with existing 4.750% 2027 and 4.500% 2029 notes.
- Offering complements earlier 4.4M share common stock offering at $93.25/share that closed June 9, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040829/000114036123030947/0001140361-23-030947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040829/000114036123030947/brhc20054708_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-030947

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