{"schema_version":"secwatch.filing_event.v1","accession":"0000052827-26-000018","form_type":"8-K","ticker":null,"cik":"0001806931","company_name":"Rayonier, L.P.","filed_at":"2026-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.248227+00:00","generated_at":"2026-05-16T05:22:54.860529+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Rayonier enters $1.81B credit facility following PotlatchDeltic merger; EVP retires","bullets":["Entered into $1.8095B senior unsecured credit facility: $200M revolver maturing 2030, $600M Rayonier term loans, $1.0095B Potlatch term loans.","Weighted avg interest rates: 5.43% on Rayonier term loans, 5.74% on Potlatch term loans.","Credit agreement amends prior Rayonier and Potlatch facilities; includes $200M accordion option.","EVP and Chief Resource Officer Douglas M. Long to retire effective Feb 13, 2026.","Merger of equals with PotlatchDeltic closed Jan 30, 2026, concurrent with credit facility."],"urls":{"canonical":"https://secwatch.observer/filing/0000052827-26-000018","json":"https://secwatch.observer/filing/0000052827-26-000018.json","markdown":"https://secwatch.observer/filing/0000052827-26-000018.md","text":"https://secwatch.observer/filing/0000052827-26-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806931/000005282726000018/0000052827-26-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/52827/000005282726000018/ryn-20260130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T05:22:54.860529+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ee87523def7f3dbd7a47cf04c38f0301f1c0ab01","claim":"Rayonier, L.P. amended credit facility of $1,809.5 million with CoBank, ACB, as administrative agent, swing line lender and an issuing bank, JPMorgan Chase Bank, N.A. and Truist Bank, as co-documentation agents, and CoBank, ACB, AgFirst Farm Credit Bank, and AgWest Farm Credit, PCA, as joint lead arrangers and joint bookrunners at Term SOFR Rate or a Daily Simple SOFR Rate plus an applicable margin (currently maturing August 15, 2030 for the Revolving Credit Facility; maturities ranging from April 28, 2026 to June 1, 2029 for the Continuing Rayonier Term Loans; maturities ran.","evidence_excerpt":"have the meanings ascribed to them in the Credit Agreement. The Credit Agreement governs the terms of senior unsecured credit facilities in the aggregate principal amount of $1,809.5 million, consisting of: • a $200 million revolving credit facility (the “Revolving Credit Facility”), which includes a $50 million swing line subfacility and a $50 million letter of","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806931/000005282726000018/0000052827-26-000018-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1,809.5 million"},{"label":"Counterparty","value":"CoBank, ACB, as administrative agent, swing line lender and an issuing bank, JPMorgan Chase Bank, N.A. and Truist Bank, as co-documentation agents, and CoBank, ACB, AgFirst Farm Credit Bank, and AgWest Farm Credit, PCA, as joint lead arrangers and joint bookrunners"},{"label":"Rate","value":"Term SOFR Rate or a Daily Simple SOFR Rate plus an applicable margin (currently"},{"label":"Maturity","value":"August 15, 2030 for the Revolving Credit Facility; maturities ranging from April 28, 2026 to June 1, 2029 for the Continuing Rayonier Term Loans; maturities ran"},{"label":"Event","value":"amendment"}]},{"claim_id":"921b43243c6edcc6b7a5d71bfbd91f8a11b1e71c","claim":"Rayonier, L.P. entered into Second Amended and Restated Credit Agreement with CoBank, ACB, as administrative agent, swing line lender and an issuing bank, JPMorgan Chase Bank, N.A. and Truist Bank, as co-documentation agents, and CoBank, ACB, AgFirst Farm Credit Bank, and AgWest Farm Credit, PCA, as joint lead arrangers and joint bookrunners valued at $1,809.5 million (effective 2026-01-30).","evidence_excerpt":"On January 30, 2026, Rayonier Inc. (“Rayonier”), Rayonier TRS Holdings Inc. (“TRS”), Rayonier Operating Company LLC (“ROC”), Rayonier, L.P. (“RLP”), PotlatchDeltic Forest Holdings, LLC (“Potlatch Forest”) and PotlatchDeltic Land & Lumber, LLC (“Potlatch Land & Lumber”; collectively with Rayonier, TRS, ROC, RLP and Potlatch Forest, each individually a “Borrower” and collectively, the “Borrowers”) entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806931/000005282726000018/0000052827-26-000018-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"CoBank, ACB, as administrative agent, swing line lender and an issuing bank, JPMorgan Chase Bank, N.A. and Truist Bank, as co-documentation agents, and CoBank, ACB, AgFirst Farm Credit Bank, and AgWest Farm Credit, PCA, as joint lead arrangers and joint bookrunners"},{"label":"Value","value":"$1,809.5 million"},{"label":"Effective","value":"2026-01-30"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}