Gaylord Entertainment Company Completes $1 Billion Credit Facility; Proceeds to Fund Business Plan

NASHVILLE, Tenn., March 23, 2007 - Gaylord Entertainment Co. (NYSE: GET) today announced it has entered into a new $1 billion senior secured credit facility that will be available to fund the Company’s business plan, including the development of the Gaylord National Resort and Convention Center.

 The $1 billion credit facility replaces the company’s prior $600 million facility.  The new facility provides $300 million of revolving credit and $700 million of delayed-draw term loan availability, both bearing interest at a rate equal to LIBOR plus 1.50% or the lead bank’s prime rate plus 0.50%, at Gaylord’s election.  The credit facility is secured by a pledge of the Company’s hotel properties, is guaranteed by certain of the Company’s subsidiaries and will mature on March 9, 2010.  As of December 31, 2006, $175 million was drawn on the facility, all of which was under the revolver and none under the delayed-draw term.  In addition, approximately $12 million in letters of credit have been issued under the facility.  The credit facility was arranged by Banc of America Securities, LLC and Deutsche Bank Securities, Inc.

 "We are pleased to have the confidence and support of an expanded group of lenders in funding our future development,” said David Kloeppel, Executive Vice President and Chief Financial Officer for Gaylord Entertainment.  “Amounts available under this credit facility are anticipated to be sufficient to fund our current business plan, including the expansion of the much anticipated Gaylord National Resort and Convention Center.”

ABOUT GAYLORD ENTERTAINMENT
Gaylord Entertainment (NYSE: GET), a leading hospitality and entertainment company based in Nashville, Tenn., owns and operates three industry-leading brands -- Gaylord Hotels (www.gaylordhotels.com) its network of upscale, meetings-focused resorts, ResortQuest (www.resortquest.com), the nation's largest vacation rental property management company and the Grand Ole Opry (www.opry.com), the weekly showcase of country music's finest performers for 80 consecutive years. The Company's entertainment brands and properties include the Radisson Hotel Opryland, Ryman Auditorium, General Jackson Showboat, Springhouse Links, Wildhorse Saloon and WSM-AM. For more information about the Company, visit www.gaylordentertainment.com.

CONTACT: Investor Relations:
Gaylord Entertainment
David Kloeppel, 615-316-6101
CFO
dkloeppel@gaylordentertainment.com
or
Key Foster, 615-316-6132
VP Treasury, Strategic Planning & Investor Relations
kfoster@gaylordentertainment.com
or
Rob Tanner, 615-316-6572
Director, Investor Relations
rtanner@gaylordentertainment.com
or
Media:
Sloane & Company
Elliot Sloane, 212-446-1860
esloane@sloanepr.com
or
Josh Hochberg, 212-446-1892
jhochberg@sloanepr.com