ryman hospitality properties (RHP) Key Developments
Ryman Hospitality Properties Announces Ryman Auditorium Expansion
Jun 26 14
Ryman Hospitality Properties announced an approximately $14 million planned expansion and renovation of the Ryman's 1994 addition. The historic auditorium, restored in 1994, will remain unchanged. The proposed expansion and renovation will improve the Ryman Auditorium experience for both tour guests and concert attendees and will include an event space featuring a new, daytime tour attraction, which will provide a unique way to relive the Ryman Auditorium's storied past. The space will be available in the evenings for private functions. Other amenities include a dedicated café space, enhanced food and beverage services throughout the building and an expanded retail area with interior and exterior access. Renovation plans also include a new box office, additional restroom facilities and larger lobbies.
Ryman Hospitality Properties, Inc. Adds an Additional Senior Secured $400 Million Term Loan to Existing Credit Agreement
Jun 18 14
Ryman Hospitality Properties, Inc. announced it has added an additional senior secured $400 million term loan to its existing credit agreement. The new term loan matures in January 2021. The Term Loan B was fully drawn at closing and bears interest at a rate equal to LIBOR plus a 3.00% applicable margin, subject to a LIBOR floor of 0.75%. The Term Loan B is secured by a first mortgage lien on the real property of each of the company's Gaylord Hotels properties; pledges of the equity interests in the subsidiaries of the Company that own the Gaylord Hotels properties; the personal property of the company, the company's operating partnership and the guarantors of the Term Loan B; and all proceeds and products from the company's Gaylord Hotels properties. The lead arranger for the Term Loan B was Deutsche Bank Securities Inc. The joint bookrunners for the Term Loan B were Deutsche Bank Securities Inc., Wells Fargo Securities LLC, J.P. Morgan Securities, LLC, U.S. Bank, National Association and Merrill Lynch, Pierce, Fenner & Smith Incorporated. The proceeds received from the Term Loan B may be used, as the company may determine, to repay revolving loans under the company's existing credit facility and to repay the company's outstanding 3.75% convertible notes or to settle, in whole or in part, the warrant transactions entered into in connection with the issuance of the 3.75% convertible notes.
Ryman Hospitality Properties, Inc. Presents at 6(th) Annual Gabelli & Co. Movie & Entertainment Conference, Jun-05-2014 10:40 AM
May 22 14
Ryman Hospitality Properties, Inc. Presents at 6(th) Annual Gabelli & Co. Movie & Entertainment Conference, Jun-05-2014 10:40 AM. Venue: The Harvard Club: 27 W 44th St., New York, NY 10036, United States. Speakers: Colin V. Reed, Chairman, Chief Executive Officer and President, Mark Fioravanti, Chief Financial Officer and Executive Vice President, Stephen G. Buchanan, Executive Vice President of Opry Entertainment Group, Todd Siefert, vice president of corporate finance and treasurer.
Ryman Considers Acquisitions
May 13 14
Ryman Hospitality Properties, Inc. (NYSE:RHP) to consider acquisitions. Mark Fioravanti, Executive Vice President and Chief Financial Officer of Ryman said that they would look to grow through acquisition versus development for the simple fact, that there is a four or five-year gestation period to build units. There's a lot of development risk.
Ryman Hospitality Properties, Inc. Presents at Nomura's Inaugural Global Gaming, Lodging and Leisure Conference, May-13-2014 03:00 PM
May 7 14
Ryman Hospitality Properties, Inc. Presents at Nomura's Inaugural Global Gaming, Lodging and Leisure Conference, May-13-2014 03:00 PM. Venue: Nomura NY Worldwide Plaza, New York, New York, United States. Speakers: Colin V. Reed, Chairman, Chief Executive Officer and President, Mark Fioravanti, Chief Financial Officer and Executive Vice President, Todd Siefert, vice president of corporate finance and treasurer.