• In January 2026, Ryman Hospitality Properties, Inc. refinanced and expanded its revolving credit facility from US$700,000,000 to US$850,000,000, extending the initial maturity to January 2030 while keeping pricing and most terms largely unchanged and updating several key financial covenants.
• This refinancing gives Ryman greater committed liquidity and a longer funding runway, potentially enhancing its flexibility to manage leverage, secured debt levels, and future capital needs under clearly defined covenant thresholds.
• We’ll now examine how the larger, longer-dated revolving credit facility and its updated leverage covenants may influence Ryman’s investment narrative.

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Ryman Hospitality Properties Investment Narrative Recap

To own Ryman, you have to be comfortable with a focused bet on large convention resorts and live entertainment in a handful of U.S. markets, plus the balance sheet that supports them. The larger, longer-dated US$850,000,000 revolving credit facility modestly improves near term liquidity and reduces refinancing timing risk, but it does not remove the key short term concern around high leverage and the sensitivity of earnings to interest costs.

The refinancing sits alongside Ryman’s recent 2025 earnings guidance update, which tightened expected operating income and net income ranges while acknowledging pressure from new live entertainment supply in Nashville. Together, these updates frame the current catalyst as execution on convention and entertainment demand under a capital structure that now has clearer leverage and coverage covenants.

Yet this extra liquidity comes with covenant limits that could matter if interest costs stay elevated and investors should be aware of...

Ryman Hospitality Properties' narrative projects $3.0 billion revenue and $296.5 million earnings by 2028.

Uncover how Ryman Hospitality Properties' forecasts yield a $112.07 fair value, a 10% upside to its current price.

Exploring Other Perspectives

Three fair value estimates from the Simply Wall St Community span roughly US$83 to US$212 per share, showing how far apart individual views can be. When you set that against Ryman’s reliance on large group and convention business in a few key markets, it underlines why many investors look at several different opinions before deciding how much risk they are comfortable with.

Explore 3 other fair value estimates on Ryman Hospitality Properties - why the stock might be worth over 2x more than the current price!

Build Your Own Ryman Hospitality Properties Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Ryman Hospitality Properties research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.
• Our free Ryman Hospitality Properties research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Ryman Hospitality Properties' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.