Fitch rates RHP Hotel notes B+

Fitch Ratings said it assigned a B+/RR4 rating to RHP Hotel Properties, LP’s $400 million of senior unsecured notes.

“Fitch views the issuance as a credit positive that enhances Ryman’s liquidity profile and flexibility to navigate the challenging near-term operating environment and address near-to-medium-term debt maturities,” the agency said in a press release.

RHP is the operating partnership of Ryman Hospitality Properties, Inc. Ryman intends to use the proceeds to repay its $400 million of 5% unsecured notes due April 2023 and pay related fees and expenses.

The outlook is negative.

© 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.