NYSE:RHPHotel and Resort REITs
The Bull Case For Ryman Hospitality Properties (RHP) Could Change Following Its $700M Note Refinancing - Learn Why
Earlier this month, Ryman Hospitality Properties and its financing subsidiaries issued US$700 million of 5.750% senior unsecured notes due 2034, with the proceeds earmarked to redeem the existing US$700 million 4.750% senior notes due 2027 and further refine the company’s debt stack under a new indenture.
This refinancing extends Ryman’s debt maturities and tightens operating and financing covenants, reshaping the balance between its financial flexibility and creditor protections over the...