Ryman Hospitality Properties, Inc. Announces Proposed $300 Million Senior Notes Offering

  Ryman Hospitality Properties, Inc. Announces Proposed $300 Million Senior
  Notes Offering

Business Wire

NASHVILLE, Tenn. -- March 25, 2013

Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today
that certain of its subsidiaries intend to offer, in a private placement, up
to $300 million aggregate principal amount of senior notes due 2021 (the
“notes”). The notes will be unsecured senior obligations of the issuing
subsidiaries and guaranteed by the Company and its subsidiaries that guarantee
its $925 million senior secured credit facility. The Company intends to use
the net proceeds from the offering to repay a portion of its outstanding
borrowings under the revolver to its credit facility. There can be no
assurance that the offering of the notes will be consummated.

The notes will be offered in the United States to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”), and outside the United States pursuant to Regulation S
under the Securities Act. The notes have not been registered under the
Securities Act and will not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act.

This press release is neither an offer to sell nor a solicitation of an offer
to buy any securities, nor shall there be any offer, solicitation or sale in
any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Ryman Hospitality Properties, Inc.

Ryman Hospitality Properties, Inc. (NYSE: RHP), is a real estate investment
trust for federal income tax purposes, specializing in group-oriented,
destination hotel assets in urban and resort markets. The Company’s owned
assets include a network of four upscale, meetings-focused resorts totaling
7,795 rooms that are managed by world-class lodging operator Marriott
International, Inc. under the Gaylord Hotels brand. Other owned assets managed
by Marriott International, Inc. include Gaylord Springs Golf Links, the
Wildhorse Saloon, the General Jackson Showboat and the Inn at Opryland, a
303-room overflow hotel adjacent to Gaylord Opryland. The Company also owns
and operates a number of media and entertainment assets, including the Grand
Ole Opry (opry.com), the legendary weekly showcase of country music’s finest
performers for nearly 90 years; the Ryman Auditorium, the storied former home
of the Grand Ole Opry located in downtown Nashville; and WSM-AM, the Opry’s
radio home.

This press release contains “forward-looking statements” concerning the
intention of certain of the Company’s subsidiaries to issue the notes, the
Company’s expectation of the aggregate principal amount of notes to be sold
and the Company’s intended use of proceeds of the offering. These
forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from the statements made. Important
factors that could cause actual results to differ are described in the filings
made from time to time by the Company with the U.S. Securities and Exchange
Commission and include the risk factors described in the Company’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2012. The Company
does not undertake any obligation to release publicly any revisions to
forward-looking statements made by it to reflect events or circumstances
occurring after the date hereof or the occurrence of unanticipated events.

Contact:

Investor Relations:
Ryman Hospitality Properties, Inc.
Mark Fioravanti, 615-316-6588
Executive Vice President and Chief Financial Officer
mfioravanti@rymanhp.com
or
Todd Siefert, 615-316-6344
Vice President of Corporate Finance & Treasurer
tsiefert@rymanhp.com
or
Media:
Ryman Hospitality Properties, Inc.
Brian Abrahamson, 615-316-6302
Vice President of Corporate Communications
babrahamson@rymanhp.com
or
Sloane & Company
Josh Hochberg or Dan Zacchei
212-446-1892 or 212-446-1882
jhochberg@sloanepr.com
dzacchei@sloanepr.com
 
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