Business
Ryman Hospitality Properties, Inc. Successfully Completes Refinancing of $700 Million Revolving Credit Facility and Increases Size to $850 Million
NASHVILLE, Tenn., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a leading lodging and hospitality real estate investment trust (“REIT”) that specializes in upscale convention center resorts and leading entertainment experiences, today successfully refinanced its revolving credit facility, increasing the size from $700 million to $850 million and extending the maturity from May 2027 to January 2030. The amended revolving credit facility (“Revolver”) maintained
About this update from Ryman Hospitality Properties, Inc. (reit)
[{"type":"image","alt":"Ryman Hospitality Properties, Inc.","displaySize":"","headline":null,"caption":"Ryman Hospitality Properties, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":94,"url":"https://media.zenfs.com/en/globenewswire.com/148ef6a479432b0befe6860c8e416c5e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LsDQEEAUweISDXhJbbtbnA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/148ef6a479432b0befe6860c8e416c5e","width":300,"height":94}},"lazy":false},{"type":"text","content":"NASHVILLE, Tenn., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a leading lodging and hospitality real estate investment trust (“REIT”) that specializes in upscale convention center resorts and leading entertainment experiences, today successfully refinanced its revolving credit facility, increasing the size from $700 million to $850 million and extending the maturity from May 2027 to January 2030. The amended revolving credit facility (“Revolver”) maintained the same pricing, and other terms of the Agreement are largely similar to the Company’s previous credit facility agreement.","length":623,"tagName":"p"},{"type":"text","content":"Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, commented, “We appreciate our bank group’s ongoing support in upsizing our revolver to reflect our Company’s significant growth. This refinancing strengthens our balance sheet through enhanced liquidity and extended maturity as we continue to execute our long-term growth strategy.”","length":370,"tagName":"p"},{"type":"text","content":"Additional Transaction Details","length":30,"tagName":"p"},{"type":"text","content":"Led by Wells Fargo, the Company refinanced its existing revolver, extending its maturity from 2027 to 2030, with the option to extend the maturity date for a maximum of one additional year through either (i) a single 12-month extension option or (ii) two individual 6-month extensions. The Company also increased the total capacity of the revolver from $700 million to $850 million, along with certain other modifications. Pricing will continue to be determined by a leverage-based pricing grid ranging from 140 to 200 basis points over, at our election, Term SOFR or Daily Simple SOFR. The revolver was undrawn at cl...