RHP: revenue $749.0M, net income $92.8M. RHP Q2 revenue +13.6%, operating income +25%; refinanced debt, exploring OEG partners

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

• high

  Engaged Morgan Stanley to evaluate strategic partners or new investors for OEG (the entertainment segment representing ~70% controlling equity interest). Discussions ongoing with select investors; no definitive agreement reached. Any transaction would be structured to fit the REIT, potentially resulting in multi-year payments and special dividends to shareholders.

  MD&A: OEG Strategic Partnership verify on EDGAR →
• high

  Issued $700M in 5.75% senior notes due 2034 and used proceeds to redeem the $700M 4.75% notes originally due 2027. Refinancing extends maturity seven years but raises the coupon 100 basis points, increasing annual interest expense by ~$7M.

  MD&A & Notes: Debt Refinancing verify on EDGAR →
• high

  Increased revolving credit facility capacity from $700M to $850M, extended maturity to 2030, and modified financial covenants. New covenant structure includes consolidated net leverage ≤7.25x, fixed charge coverage ≥1.50x, and four additional ratios governing secured debt and unencumbered assets.

  MD&A & Notes: Credit Facility verify on EDGAR →