Ryman Hospitality Properties, Inc. Announces Pricing of $350 Million of 5% Senior Notes Due 2021

  Ryman Hospitality Properties, Inc. Announces Pricing of $350 Million of 5%
  Senior Notes Due 2021

Business Wire

NASHVILLE, Tenn. -- March 27, 2013

Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today
that certain of its subsidiaries priced the private placement of $350 million
aggregate principal amount of 5% senior notes due 2021 (the “notes”),
increased from the $300 million proposed offering previously announced. The
notes will be senior unsecured obligations of the Company’s issuing
subsidiaries and will be guaranteed by the Company and all of the Company’s
subsidiaries that guarantee its senior credit facility. Subject to customary
closing conditions, the issuers expect the private placement of the notes to
close on April 3, 2013. The aggregate net proceeds from the sale of the notes
are expected to be approximately $342 million, after deducting the initial
purchasers’ discounts and commissions and estimated offering expenses. The
Company intends to use substantially all of the net proceeds of the offering
to repay amounts outstanding under its revolving credit facility, and any
balance will be used for general corporate purposes, which may include the
repayment of other indebtedness.

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” regarding the
proposed private placement and the Company’s intended use of proceeds from
such private placement. 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, 212-446-1892
jhochberg@sloanepr.com
or
Dan Zacchei, 212-446-1882
dzacchei@sloanepr.com
 
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