secwatch.observer — SEC 8-K summary
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Issuer:     Rayonier, L.P. (—)
CIK:        0001806931
Form:       8-K
Filed at:   2025-08-20T23:59:59+00:00
Accession:  0000052827-25-000172
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806931/000005282725000172/0000052827-25-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/52827/000005282725000172/ryn-20250815.htm
  HTML page:      https://secwatch.observer/filing/0000052827-25-000172

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer