RYAM Announces Private Offering of $325 Million of Senior Secured Notes

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Jan 17, 2023

Rayonier Advanced Materials Inc. (NYSE: RYAM) (“RYAM”) today announced that its wholly owned subsidiary, Rayonier A.M. Products Inc. (the “Company”), has commenced a private offering (the “Offering”) of $325 million aggregate principal amount of senior secured notes due 2028 (the “Notes”), subject to market and other conditions. If the Offering is consummated, the Company intends to use the net proceeds from the sale of the Notes, together with cash on hand, to redeem in full its senior unsecured notes due 2024 (the “2024 Notes”).