IPO - Ryman Hospitality Properties, Inc.

Form Type: 8-K

Filing Date: 2025-05-21

Corporate Action: Ipo

Type: New

Accession Number: 000110465925051608

Filing Summary: On May 19, 2025, Ryman Hospitality Properties, Inc. entered into an underwriting agreement with Morgan Stanley & Co. LLC, BofA Securities, Inc., and J.P. Morgan Securities LLC to issue and sell 2,600,000 shares of its common stock at a public purchase price of $96.20 per share, which excludes underwriting discounts and commissions. The agreement also gives underwriters a 30-day option to purchase an additional 390,000 shares, which was fully exercised on May 20, 2025. The offering closed on May 21, 2025, with net proceeds of approximately $275 million for the Company. The shares were sold under a prospectus supplement related to the Company's registration statement (File Number 333-272429). The Underwriting Agreement includes customary representations, warranties, covenants, and indemnities. Additionally, the document outlines the relationships between the Underwriters and the Company, indicating potential future engagements in investment banking and lending activities.