JACKSONVILLE, Fla.–(Enterprise WIRE)–Rayonier Highly developed Resources (NYSE: RYAM) (“RYAM”) right now introduced that its wholly owned subsidiary, Rayonier A.M. Goods Inc. (the “Company”), has closed its beforehand announced personal offering (the “Offering”) of $500 million mixture principal amount of money of 7.625% senior secured notes due 2026 (the “Notes”), at an providing price tag of 100% of the principal total thereof. The Enterprise also shut its earlier introduced 5-12 months senior secured asset-dependent revolving credit score facility with an original committed volume of $200 million (the “ABL Credit score Facility”). The Firm employed the internet proceeds from the sale of the Notes, together with funds on hand, to repay all remarkable obligations under its existing senior secured credit rating settlement (other than the fantastic letters of credit score issued thereunder, which were rolled into the ABL Credit rating Facility).
The Notes had been offered only to individuals fairly considered to be “qualified institutional buyers” pursuant to Rule 144A less than the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. people exterior the United States pursuant to Regulation S under the Securities Act. The Notes are matter to limits on transferability and resale and may perhaps not be transferred or resold, apart from in compliance with the registration prerequisites of the Securities Act or pursuant to an exemption therefrom and in compliance with other applicable securities legislation. The Notes were being not and will not be registered below the Securities Act or any point out or other securities legislation and may perhaps not be available or sold in the United States absent registration or an applicable exemption from the registration necessities of the Securities Act and applicable state laws.
No Offer or Solicitation
This press release is neither an supply to provide nor a solicitation of an give to invest in the Notes or any other securities and shall not represent an present to offer or a solicitation of an offer you to purchase, or a sale of, the Notes or any other securities in any jurisdiction in which such give, solicitation or sale is illegal. The Offering has been designed only by, and pursuant to, the terms set forth in the associated featuring memorandum. The Supplying has not been created to people in any jurisdiction in which the creating or acceptance thereof would not be in compliance with the securities, blue sky or other legal guidelines of these kinds of jurisdiction.
About Rayonier Highly developed Resources
RYAM is a world leader of cellulose-based technologies, together with substantial-purity cellulose specialties, a normal polymer normally uncovered in filters, food, prescription drugs and other industrial programs. RYAM also manufactures solutions for lumber, paper and packaging markets. With producing functions in the United States, Canada and France, RYAM employs around 4,000 people and generates approximately $1.8 billion of revenues. Additional facts on RYAM is offered at www.rayonieram.com and a lot more information and facts on the Notes and the ABL Credit score Facility is out there in RYAM’s Present-day Report on Kind 8-K, as filed with the Securities Trade Commission these days.
Specific statements in this document regarding predicted monetary, small business, legal or other results, like business enterprise and marketplace conditions, outlook and other equivalent statements relating to RYAM’s foreseeable future activities, developments, or economical or operational efficiency or success, are “forward-on the lookout statements” made pursuant to the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995 and other federal securities rules. These forward-searching statements are discovered by the use of words these types of as “may,” “will,” “should,” “expect,” “estimate,” “believe,” “intend,” “forecast,” “anticipate,” “guidance,” and other related language. Even so, the absence of these or similar text or expressions does not imply a assertion is not forward-on the lookout. Though we feel these ahead-seeking statements are acceptable when made, forward-hunting statements are not assures of potential effectiveness or situations and undue reliance need to not be placed on these statements. While we believe that the expectations mirrored in any ahead-looking statements are dependent on realistic assumptions, we can give no assurance these anticipations will be attained and it is possible precise final results could differ materially from those people indicated by these forward-looking statements due to a assortment of hazards and uncertainties. Sure important things that could result in true benefits or situations to vary materially from these expressed in forward-hunting statements that could have been manufactured in this doc are explained or will be described in our filings with the U.S. Securities and Exchange Commission, which includes our Once-a-year Report on Variety 10-K, like individuals described under “Risk Factors” in Merchandise 1A of this kind of doc, and Quarterly Reviews on Variety 10-Q. RYAM assumes no obligation to update these statements other than as is needed by legislation.