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Ryman Hospitality firms $295 million term loan B at SOFR plus 225 bps
By Sara Rosenberg
New York, April 5 – Ryman Hospitality Properties Inc. (RHP Hotel Properties LP) finalized pricing on its $295 million term loan B due May 18, 2030 at SOFR plus 225 basis points, the low end of the SOFR plus 225 bps to 250 bps talk, according to a market source.
The term loan still has a 0% floor, a par issue price and 101 soft call protection for six months.
Wells Fargo Securities LLC is the left lead arranger on the deal.
Proceeds will be used to reprice an existing term loan down from SOFR plus 275 bps with a 0% floor.
Ryman is a Nashville-based real estate investment trust that owns and operates a portfolio of large, group-oriented hotels in urban and resort markets.
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