Ryman Hospitality Properties announces $300M notes offering to fund property acquisition

After prizing equity offering, Ryman Hospitality Properties (NYSE:RHP) subsidiaries, RHP Hotel Properties, LP and RHP Finance has intended to offer, in a private placement up to $300M aggregate principal amount of senior notes due 2028.
The notes will be senior unsecured obligations and guaranteed by the Company and its subsidiaries that guarantee its existing credit facility, 4.750% senior unsecured notes due 2027 and 4.50% senior unsecured notes due 2029.
The net proceeds of debt and equity offering along with cash on hand will be used to fund the ~$800M purchase price to acquire the JW Marriott San Antonio Hill Country Resort & Spa located in San Antonio, Texas from BREIT JWM San Antonio LP and BREIT JWM San Antonio TRS LLC
The common stock offering is expected to close on June 9, 2023.
Source: Press Release