Rayonier Sells $500M Notes

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On December 23, 2020, Rayonier A.M. Products Inc., a wholly owned subsidiary of Rayonier Advanced Materials Inc., completed its previously announced private offering of $500 million aggregate principal amount of its 7.625% Senior Secured Notes due 2026 in a private placement “to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States pursuant to Regulation S under the Securities Act.”

The Notes were issued pursuant to an indenture, dated as of December 23, 2020, by and among the Company, RYAM, as a guarantor, the other guarantors party thereto and Wells Fargo Bank, National Association, as trustee and as notes collateral agent.

As a result, S&P Global Ratings raised its issuer credit rating on the Company to B- from CCC+, its senior secured notes rating to B- from CCC+ and its senior unsecured notes rating to CCC from CCC-.

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