Ryman sees tenders of $197.54 million in offer for 5% senior notes

By Wendy Van Sickle

Columbus, Ohio, Sept. 19 – Ryman Hospitality Properties Inc. announced that its indirect wholly owned subsidiaries RHP Hotel Properties, LP and RHP Finance Corp. took in tenders totaling $197,535,000 in their cash offer for any and all of their outstanding $350 million 5% senior notes due 2021, according to a news release.

The total of notes tendered represents 56.44% of the notes.

The consideration for notes validly tendered was $1,002.50 per $1,000 principal amount of notes plus accrued and unpaid interest from April 15 to the settlement date.

The tender offer expired at 5 p.m. ET on Sept. 18 and settled on Sept. 19.

The settlement date for any notes tendered under a notice of guaranteed delivery is expected to be Sept. 23.

The offer was announced on Sept. 12.

Deutsche Bank Securities is the dealer manager (855 287-1922 or 212 250-7527), and D.F. King & Co. is the tender agent (212 269-5550 or 866 342-8290, rhp@dfking.com).

Ryman is a Nashville-based real estate investment trust specializing in group-oriented, destination hotel assets in urban and resort markets.

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