Ryman Hospitality Properties Files 8-K
Ticker: RHP · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1040829
Sentiment: neutral
Topics: 8-K, corporate-filing
Related Tickers: RHP
TL;DR
Ryman Hospitality Properties filed an 8-K on 6/28/24. Standard corporate update.
AI Summary
Ryman Hospitality Properties, Inc. filed an 8-K on June 28, 2024, reporting other events and financial statements. The filing details the company's principal executive offices located at One Gaylord Drive, Nashville, Tennessee, 37214.
Why It Matters
This filing provides an update on Ryman Hospitality Properties' corporate activities and financial reporting, which is important for investors to monitor the company's status.
Risk Assessment
Risk Level: low — This filing appears to be a routine corporate disclosure and does not indicate any immediate significant risks.
Key Players & Entities
- Ryman Hospitality Properties, Inc. (company) — Registrant
- June 28, 2024 (date) — Date of earliest event reported
- One Gaylord Drive, Nashville, Tennessee 37214 (location) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report 'Other Events' and 'Financial Statements and Exhibits' as of June 28, 2024.
What is the exact name of the registrant?
The exact name of the registrant is Ryman Hospitality Properties, Inc.
In which state was Ryman Hospitality Properties, Inc. incorporated?
Ryman Hospitality Properties, Inc. was incorporated in Delaware.
What is the address of the company's principal executive offices?
The address of the company's principal executive offices is One Gaylord Drive, Nashville, Tennessee 37214.
What is the Commission File Number for Ryman Hospitality Properties, Inc.?
The Commission File Number for Ryman Hospitality Properties, Inc. is 001-13079.
Filing Stats: 1,401 words · 6 min read · ~5 pages · Grade level 12.9 · Accepted 2024-07-01 06:03:02
Key Financial Figures
- $300,000,000 — an aggregate principal amount equal to $300,000,000 (the "OEG Term Loan") and (ii) a senior
- $80,000,000 — ggregate principal amount not to exceed $80,000,000 (the "OEG Revolver"). The OEG Term Loan
- $294,750,000 — in the outstanding principal amount of $294,750,000 as of June 28, 2024 and the OEG Revolve
- $65,000,000 — ggregate principal amount not to exceed $65,000,000, of which $17,000,000 was outstanding a
- $17,000,000 — unt not to exceed $65,000,000, of which $17,000,000 was outstanding as of June 28, 2024. T
Filing Documents
- tm2418580d1_8k.htm (8-K) — 35KB
- tm2418580d1_ex99-1.htm (EX-99.1) — 1680KB
- 0001104659-24-076463.txt ( ) — 2264KB
- rhp-20240628.xsd (EX-101.SCH) — 3KB
- rhp-20240628_lab.xml (EX-101.LAB) — 33KB
- rhp-20240628_pre.xml (EX-101.PRE) — 22KB
- tm2418580d1_8k_htm.xml (XML) — 3KB
01. OTHER EVENTS
ITEM 8.01. OTHER EVENTS. OEG Credit Agreement On June 28, 2024, OEG Borrower, LLC ("OEG Borrower") and OEG Finance, LLC ("OEG Finance"), each a wholly owned direct or indirect subsidiary of OEG Attractions Holdings, LLC ("OEG") which is an indirect 70% owned subsidiary of Ryman Hospitality Properties, Inc. (the "Company"), entered into a certain First Amendment, which amends the Credit Agreement dated as of June 16, 2022 among OEG Borrower, as borrower, OEG Finance, certain subsidiaries of OEG Borrower from time to time party thereto as guarantors, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the "Original OEG Credit Agreement"). As amended, the credit facility (the "Amended OEG Credit Agreement") includes certain amended terms including lower interest rates, extended maturities and modifications to various covenants. The Amended OEG Credit Agreement provides for (i) a senior secured term loan facility in an aggregate principal amount equal to $300,000,000 (the "OEG Term Loan") and (ii) a senior secured revolving credit facility in an aggregate principal amount not to exceed $80,000,000 (the "OEG Revolver"). The OEG Term Loan refinances and places the former term loan in the outstanding principal amount of $294,750,000 as of June 28, 2024 and the OEG Revolver refinances and replaces the senior secured revolving credit facility in an aggregate principal amount not to exceed $65,000,000, of which $17,000,000 was outstanding as of June 28, 2024. The OEG Term Loan and the OEG Revolver are each secured by substantially all of the assets of OEG Finance and each of its subsidiaries (other than Block 21-related subsidiaries and Circle, as more specifically described in the Amended OEG Credit Agreement). The OEG Term Loan bears interest at a rate equal to either, at OEG Borrower's election, as of the closing contemplated by the Amended OEG Credit Agreement: (a) the Alternate Base Rate plus 2.500% or (b) Adjusted Term SOFR plus 3.50%
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits 99.1* First Amendment dated June 28, 2024 to Credit Agreement, dated as of June 16, 2022, among OEG Borrower, LLC, as borrower, OEG Finance, LLC, certain subsidiaries of OEG Borrower, LLC from time to time party thereto as guarantors, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain schedules and similar attachments have been omitted in reliance on Item 601(a)(5) of Regulation S-K. The Company will provide, on a supplemental basis, a copy of any omitted schedule or attachment to the Securities and Exchange Commission or its staff upon request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RYMAN HOSPITALITY PROPERTIES, INC. Date: July 1, 2024 By: /s/ Scott J. Lynn Name: Scott J. Lynn Title: Executive Vice President, General Counsel and Secretary