RYMAN HOSPITALITY PROPERTIES, INC. (NYSE:RHP) Files An 8-K Entry into a Material Definitive Agreement

Item1.01.

On May11, 2017, Ryman Hospitality Properties, Inc. (the Company),
entered into a Fifth Amended and Restated Credit Agreement (the
Amended Credit Agreement) among the Company, as a guarantor, its
subsidiary RHP Hotel Properties, LP (the Borrower), as borrower,
certain other subsidiaries of the Company party thereto, as
guarantors (the Guarantors), certain subsidiaries of the Company
party thereto, as pledgors, the lenders party thereto and Wells
Fargo Bank National Association, as administrative agent, which
amends and restates the Companys existing credit facility.

to the Amended Credit Agreement, the Borrower increased to
$500.0million and extended the maturity of its outstanding senior
secured term loan B facility, which originally had a principal
amount of $400.0million (as increased, the Term Loan B). The Term
Loan B has a maturity date of May11, 2024 and borrowings bear
interest at an annual rate equal to, at the Borrowers option,
either (a)a LIBO rate determined by the reference to the costs of
funds for U.S. dollar deposits for the interest period relevant
to such borrowing, subject to statutory reserves and a LIBO rate
floor of 0.00%, plus the applicable margin of 2.25%, or (b)a base
rate determined by reference to the higher of (1)the interest
rate announced from time to time by Wells Fargo Bank National
Association as its prime rate, (2)the federal funds effective
rate plus 1.50% and (3)a LIBO rate determined by the costs of
funds for U.S. dollar deposits for a one-month interest period
plus 1.00%, subject to statutory reserves, and in any case, plus
the applicable margin of 1.25%. At the closing, the Borrower drew
down on the increased Term Loan B in full. Net proceeds after
repayment of the existing term loan B and certain transaction
expenses payable at closing were approximately $114.3million, and
were used to pay down a portion of the Companys revolving credit
facility.

Consistent with the original term loan B facility, the increased
Term Loan B:

The Amended Credit Agreement also contemplates that the Company
and its subsidiaries and the lenders may enter into an amendment
to the Amended Credit Agreement to (i)extend the termination date
of the Companys revolving credit facility, (ii)provide for the
funding of a new senior secured term loan A facility in the
original principal amount of $200.0million and (iii)effect
certain other changes (the Amendment).

The Amendment, including the possible extended revolver and new
term loan A, is subject to further negotiation and documentation,
due diligence review by the lenders and other customary
conditions. We can make no assurance that the changes that would
result from the Amendment will be made on the terms described or
at all. Pending the Amendment, the revolving credit facility
under the Amended Credit Agreement will remain unchanged.

Certain of the lenders under the Amended Credit Agreement or
their affiliates have provided, and may in the future provide,
certain commercial banking, financial advisory, and investment
banking services in the ordinary course of business for the
Company, its subsidiaries and certain of its affiliates, for
which they receive customary fees and commissions.

The foregoing description of the Amended Credit Agreement does
not purport to be complete and is qualified in its entirety by
reference to the Agreement, which is attached hereto as Exhibit
10.1 and is incorporated herein by reference.

The information set forth under Item1.01 above is incorporated by
reference into this Item2.03.

RYMAN HOSPITALITY PROPERTIES, INC. (NYSE:RHP) Recent Trading Information

RYMAN HOSPITALITY PROPERTIES, INC. (NYSE:RHP) closed its last trading session up +0.52 at 62.16 with 166,458 shares trading hands.