Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ryman Hospitality Properties, Inc. amended term loan with Wells Fargo Bank, National Association, as Administrative Agent at 2.25% for SOFR Loans.
- Instrument
- term loan
- Counterparty
- Wells Fargo Bank, National Association, as Administrative Agent
- Rate
- 2.25% for SOFR Loans
- Event
- amendment
Exact text from the filing
The Incremental Agreement refinances the $295 million principal amount outstanding under the original $500 million term loan B (the “Term Loan B Facility”) and reduces the applicable interest rate margins for the loans advanced under the refinanced Term Loan B Facility.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Ryman Hospitality Properties, Inc. amended Incremental Tranche B Term Loan Agreement with Wells Fargo Bank, National Association, as Administrative Agent (effective 2024-04-12).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as Administrative Agent
- Effective
- 2024-04-12
Exact text from the filing
On April 12, 2024, Ryman Hospitality Properties, Inc. (the “Company”), entered into an Incremental Tranche B Term Loan Agreement (the “Incremental Agreement”), which supplements that certain Credit Agreement dated as of May 18, 2023 (the “Credit Agreement”), by and among RHP Hotel Properties, LP, as the borrower thereunder, (in such capacity, the “Borrower”), the Company and certain subsidiaries of the Company, as guarantors, several lenders named therein (the “Lenders”), Wells Fargo Bank, National Association, as Administrative Agent (in such capacity, the “Administrative Agent”), the joint lead arrangers and the various other parties thereto.
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