Rayonier amends and restates $800M credit facilities; revolver extended to 2030

Rayonier, L.P.

Total facilities: $200M revolver (extended to Aug 15, 2030) and $600M in three term loans (maturities unchanged: 2026, 2028, 2029).
Revolver maturity extended to August 15, 2030; term loan maturities unchanged from prior agreements.
Interest rates based on Term SOFR plus margin (e.g., revolver SOFR margin 1.250% at Leverage Ratio Level II).
Accordion feature allows revolver increase up to $100M and incremental term loans subject to leverage ratio ≤ 52.5%.
Financial covenants include leverage and interest coverage tests; customary events of default.

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