Ryman Hospitality to launch $400 million term loan B on Tuesday

By Sara Rosenberg

New York, April 10 – Ryman Hospitality Properties Inc. (RHP Hotel Properties LP) will hold a lender call at 10 a.m. ET on Tuesday to launch a $400 million seven-year covenant-light term loan B, according to a market source.

The company also plans on getting a new $200 million term loan A and an extended $700 million revolver, the source said.

Deutsche Bank Securities Inc. and Wells Fargo Securities LLC are the bookrunners on the deal, with other bookrunners to be announced.

Proceeds will be used to refinance an existing term loan B and to pay down a portion of an outstanding revolver balance.

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

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