08:29 AM EDT, 05/20/2025 (MT Newswires) -- Ryman Hospitality Properties ( RHP ) said Tuesday its subsidiaries plan to issue up to $600 million in senior unsecured notes due 2033.

Net proceeds will be used to cover part of the $865 million acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa, Ryman said. The remaining amount will be covered by the underwritten public offering of 2.6 million shares at $96.20 per share that Ryman priced on Monday, the company added.

Shares of Ryman were down more than 2% in recent Tuesday premarket activity.