12:08 PM EDT, 06/04/2025 (MT Newswires) -- Ryman Hospitality Properties ( RHP ) said Wednesday that its units, RHP Hotel Properties and RHP Finance, closed a $625 million private placement of 6.5% senior notes due 2033.

Net proceeds from the offering will be used to fund a portion of the $865 million acquisition of the JW Marriott Phoenix Desert Ridge Resort and Spa located in Phoenix, Arizona, according to the company.

The balance of the purchase price will be funded with proceeds from an underwritten registered offering of shares.

The company said it will redeem the notes if the Desert Ridge acquisition is not consummated.

Price: 97.07, Change: -0.73, Percent Change: -0.75