Ryman Hospitality Properties Announces $700M Notes Offering

The company plans to use proceeds to redeem existing senior notes.

Published on Feb. 25, 2026

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Ryman Hospitality Properties, Inc. announced that its subsidiaries intend to offer $700 million in senior notes due in 2034 in a private placement. The company plans to use the net proceeds, along with available cash, to redeem its existing 4.750% senior notes due in 2027.

Why it matters

The proposed notes offering will allow Ryman Hospitality to refinance its existing debt at potentially more favorable terms, which could improve the company's financial flexibility and reduce its interest expenses going forward.

The details

The new senior notes will be senior unsecured obligations of Ryman's subsidiaries and guaranteed by the company and its subsidiaries that guarantee the existing credit facility and outstanding senior unsecured notes. The notes will be offered to qualified institutional buyers and certain non-U.S. persons outside the U.S.

  • The notes offering is expected to close in the coming weeks, subject to market and other conditions.

The players

Ryman Hospitality Properties, Inc.

A leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences.

RHP Hotel Properties, LP

A subsidiary of Ryman Hospitality Properties that will be one of the issuers of the new senior notes.

RHP Finance Corporation

A subsidiary of Ryman Hospitality Properties that will be one of the issuers of the new senior notes.

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What’s next

The company plans to use the proceeds from the notes offering to redeem its existing 4.750% senior notes due in 2027.

The takeaway

This notes offering will allow Ryman Hospitality to refinance its debt at potentially more favorable terms, which could improve the company's financial position and reduce its interest expenses going forward.