Ryman Hospitality Properties, Inc. Completes Offering of $350 Million of 5.00% Senior Notes Due 2021

  Ryman Hospitality Properties, Inc. Completes Offering of $350 Million of
  5.00% Senior Notes Due 2021

Business Wire

NASHVILLE, Tenn. -- April 3, 2013

Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) today announced
that certain of its subsidiaries completed the previously announced private
placement of $350 million aggregate principal amount of 5.00% senior notes due
2021 (the “notes”). The notes are senior unsecured obligations of the
Company’s issuing subsidiaries and are guaranteed by the Company and all of
the Company’s subsidiaries that guarantee its senior credit facility.
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

The notes were 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 were not registered under the Securities
Act and may not be offered or sold in the United States absent registration or
an applicable exemption from the registration requirements of the Securities

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 amount
and the Company’s intended use of proceeds from the completed 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.


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