Ryman Hospitality Properties, Inc. has closed a registered public offering of its common stock. The transaction included the full exercise of the underwriters' option to purchase additional shares, resulting in significant capital raised for the company.
Key Details
- Offering Size: A total of 5,865,000 shares of common stock were sold at a public price of $117.00 per share. This includes the initial 5,100,000 shares and an additional 765,000 shares from the underwriters' option, which was exercised in full.
- Net Proceeds: The company received approximately $658 million in net proceeds after deducting underwriting discounts, commissions, and estimated offering expenses.
- Timeline & Parties: The underwriting agreement was entered into on August 10, 2026, and the offering closed on August 12, 2026. BofA Securities and J.P. Morgan Securities acted as representatives for the underwriters.