Ryman Hospitality Properties, Inc. filed a Form 8-K with the SEC on August 12, 2026, disclosing the closing of a registered public offering of common stock that generated approximately $658 million in net proceeds.

Key Highlights

  • Shares offered: 5,100,000 shares of common stock were issued at a public offering price of $117.00 per share.
  • Overallotment exercised in full: Underwriters were granted a 30-day option to purchase up to an additional 765,000 shares, which they exercised in full on August 11, 2026.
  • Offering closed: The full offering, including the additional shares, closed on August 12, 2026.
  • Net proceeds: After deducting underwriters' discounts, commissions, and estimated offering expenses, net proceeds to the company were approximately $658 million.
  • Lead underwriters: BofA Securities, Inc. and J.P. Morgan Securities LLC served as representatives of the underwriters.
  • Legal basis: The offering was made under a prospectus supplement dated August 10, 2026, relating to the company's shelf registration statement on Form S-3 (File Number 333-298164).

Ryman Hospitality Properties Completes Registered Public Equity Offering

According to the filing, Ryman Hospitality Properties, Inc. (NYSE:RHP) entered into an underwriting agreement on August 10, 2026, with BofA Securities, Inc. and J.P. Morgan Securities LLC acting as representatives of the underwriting group. The agreement provided for the issuance and sale of 5,100,000 shares of common stock, par value $0.01 per share, at a purchase price to the public of $117.00 per share, less underwriting discounts and commissions.

The company also granted the underwriters a 30-day option to purchase up to an additional 765,000 shares on the same terms. The filing states that the underwriters exercised this option in full on August 11, 2026. The combined offering closed on August 12, 2026, and the company reported net proceeds of approximately $658 million after deducting underwriters' discounts, commissions, and estimated offering expenses payable by the company.

The filing notes that the underwriting agreement includes representations, warranties, and covenants described as "customary for agreements of this nature," as well as customary indemnification provisions and contribution provisions for certain liabilities arising in connection with the sale. The filing also discloses that certain underwriters and their affiliates have engaged, or may engage, in investment banking and other commercial dealings with the company, and that certain underwriters and their affiliates have been, may be, or are lenders or agents under one or more of the company's credit facilities.

What Was Disclosed

Ryman Hospitality Properties disclosed the execution and closing of a registered public common stock offering totaling 5,865,000 shares (including the fully exercised overallotment option) at $117.00 per share, generating approximately $658 million in net proceeds to the company.