Ryman Hospitality Properties announced that it has upsized its existing revolving credit facility to $850 million, an increase from the prior $700 million limit, and extended the maturity from May 2027 to January 2030. The transaction, led by Wells Fargo, preserves the same pricing terms while giving the REIT greater liquidity to support its capital program and potential acquisitions.
The new facility includes flexible extension options, allowing RHP to extend the maturity by up to one additional year through either a single 12‑month extension or two 6‑month extensions. The facility remains undrawn at closing, indicating the company’s confidence in its cash‑flow generation and a proactive stance toward future capital needs.
RHP’s portfolio consists of upscale convention‑center hotels and entertainment assets, including Gaylord‑branded resorts and a controlling interest in Opry Entertainment Group. The $1 billion capital program planned through 2027 will fund renovations, new projects, and potential acquisitions, and the larger credit line provides the necessary financial cushion to execute that plan.
CEO Mark Fioravanti said the upsizing reflects the company’s significant growth and the bank group’s support. The move strengthens RHP’s balance sheet, maintaining its leverage profile while offering flexibility to pursue growth opportunities.
The refinancing aligns with RHP’s strategy to extend debt maturities and secure favorable terms, positioning the company to capitalize on market opportunities in the hospitality and entertainment sectors.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.