m_and_a
confidence high
sentiment positive
materiality 0.75
Rayonier closes $710M sale of NZ forest business to The Rohatyn Group
Rayonier, L.P.
- Net proceeds expected ~$699M after adjustments for debt, working capital, and transaction costs.
- At least 50% of proceeds to reduce leverage and/or return capital via special dividends and share repurchases.
- Special dividend for 2025 expected $1.00–$1.40 per share in cash and shares; details later this year.
- ~1.5M shares repurchased in Q2 2025 for ~$35M; ~$262M remaining under buyback authorization.
- Total dispositions since Nov 2023 reach ~$1.45B, exceeding original $1B target.
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