Ryman Hospitality closes 5,865,000-share follow-on offering at $117 per share

Ryman Hospitality Properties closed an underwritten public offering of 5,865,000 common shares at $117 per share.

The deal included 765,000 shares from the full exercise of the underwriters’ over-allotment option on Aug. 11, 2026.

Net proceeds totaled about $658 million, which Ryman said will help fund the $1.38 billion Grande Lakes acquisition in Orlando.

The remaining purchase price is slated to come from cash on hand and proceeds from a $700 million 6.250% senior notes due 2035 private placement.