2019 Ryman Hospitality Refinancing Transactions

We represented Ryman Hospitality Properties, Inc. (NYSE: RHP) in various refinancing transactions in September and October 2019, which successfully refinanced almost $2 billion in indebtedness. Refinancing transactions for Ryman included:

  • The private placement of $500 million aggregate principal amount of 4.750% senior notes due 2027.
  • A tack-on private placement of an additional $200 million aggregate principal amount of 4.750% senior notes due 2027.
  • A tender offer for Ryman’s outstanding $350 million 5.00% senior notes due 2021 and a redemption of such notes not tendered.
  • The extension of the maturity dates of Ryman’s existing $700 million revolving credit and $200 million term loan A to March 31, 2024, and March 31, 2025, respectively, the increase of the $200 million term loan A to $300 million, and the increase of the accordion feature under Ryman’s credit agreement from $500 million to $600 million.

You Also May Be Interested In:

  • We represented a private equity firm in providing acquisition financing to a franchisee to acquire the operations and related real estate assets of 16 franchise restaurants.

    We represented a private equity firm in providing acquisition financing to a franchisee to acquire the operations and related real...
    Client Type: Private Company
  • We represented New Mountain Capital in the project-level financing of a real estate portfolio, financed by a $25 million CMBS loan, consisting of four properties located in Massachusetts, New Hampshire, Wisconsin and New York, each of which are triple net leased to a master tenant.

     

    We represented New Mountain Capital in the project-level financing of a real estate portfolio, financed by a $25 million CMBS...
    Client Type: Private Company
  • We represented Brookdale Senior Living Inc. in a refinancing of a real estate portfolio, financed by $220 million in loans across four subpools with Freddie Mac.  The portfolio consisted of 27 senior living facilities located in 13 different states.

    We represented Brookdale Senior Living Inc. in a refinancing of a real estate portfolio, financed by $220 million in loans...
    Client Type: Public Company