Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for RHP Hotel Properties LP > News item |
Ryman Hospitality draws down $400 million portion of revolver
By Wendy Van Sickle
Columbus, Ohio, March 17 – Ryman Hospitality Properties Inc. (RHP Hotel Properties LP) drew $400 million of its existing $700 million revolving credit facility on Tuesday, according to a news release.
The measure was taken as a precaution to ensure funds are available to meet the company’s obligations for a sustained period of time.
When combined with the about $285 million of cash on hand, Ryman said it has about $685 million of cash and $300 million of remaining availability on its credit facility, the full amount of which is available for borrowing at any time, for total liquidity of $985 million.
Ryman is a Nashville-based real estate investment trust specializing in group-oriented, destination hotel assets in urban and resort markets.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.