(Source: Business Wire)

Gaylord Entertainment Co. (NYSE: GET) today announced that it intends to
offer 5,000,000 shares of its common stock in an
underwritten public offering. Gaylord intends to grant the underwriters
of the common stock offering a 30-day option to purchase up to 750,000
additional shares of common stock to cover over-allotments, if any.
Gaylord intends to use the net proceeds from the offering, together with
other proceeds and with cash on hand, to purchase, redeem or otherwise
acquire all of its $259.8 million aggregate principal amount outstanding
8.00% Senior Notes due 2013. The remaining balance of the net proceeds
from the offering (and other proceeds) may be used for general corporate
purposes, which may include acquisitions, future development
opportunities for new hotel properties, potential expansions or ongoing
maintenance of our existing hotel properties, investments, or the
repayment or refinancing of all or a portion of any outstanding
indebtedness of Gaylord.
Deutsche Bank Securities Inc., BofA Merrill Lynch, Citi and Wells Fargo
Securities LLC are acting as the joint book-running managers for
the offering.
The common stock offering is being made pursuant to an effective shelf
registration statement filed by Gaylord with the Securities and Exchange
Commission. The common stock offering is being made solely by means of a
prospectus and a related prospectus supplement. When available, copies
of the prospectus and related prospectus supplement may be obtained by
mail from: Deutsche Bank Securities, Attention: Prospectus Department,
100 Plaza One, Jersey City, New Jersey 07311, Telephone: (800) 503-4611;
BofA Merrill Lynch, 4 World Financial Center, New York, New York 10080,
Attention: Prospectus Department; Citi,Brooklyn Army Terminal, 140 58th
Street, 8th Floor, Brooklyn, New York 11220, or by calling 800-831-9146;
or Wells Fargo Securities, LLC, Attention: Equity Syndicate Department,
375 Park Avenue, New York, New York 10152 (email: equity.syndicate@wachovia.com),
or by calling 800-326-5897. Electronic copies of the prospectus and
related prospectus supplement are available on the website of the
Securities and Exchange Commission at http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase any of these securities, and shall
not constitute an offer, solicitation or sale of the shares of common
stock in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful. The common stock may not be sold nor any
offers to buy be accepted prior to the time that the prospectus and
related prospectus supplement are delivered in final form.
About Gaylord Entertainment
Gaylord Entertainment Company (NYSE: GET), a leading hospitality and
entertainment company based in Nashville, Tenn., owns and operates
Gaylord Hotels (www.gaylordhotels.com),
its network of upscale, meetings-focused resorts, and the Grand Ole Opry
(www.opry.com),
the weekly showcase of country music's finest performers for more than
80 consecutive years. Gaylord's entertainment brands and properties
include the Radisson Hotel Opryland, Ryman Auditorium, General Jackson
Showboat, Gaylord Springs Golf Links, Wildhorse Saloon, and WSM-AM. For
more information about Gaylord, visit www.GaylordEntertainment.com.
The foregoing statements regarding Gaylord's intentions with respect to
the contemplated offering and other transactions described above are
forward-looking statements under the Private Securities Litigation
Reform Act of 1995, and actual results could vary materially from the
statements made. Gaylord's ability to complete the offering and other
transactions described above successfully is subject to various risks,
many of which are outside its control, including prevailing conditions
in the capital markets and other risks and uncertainties as detailed
from time to time in the reports filed by Gaylord with the Securities
and Exchange Commission.
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