---
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"
generated_at: "2026-05-16T05:22:54.860529+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Rayonier enters $1.81B credit facility following PotlatchDeltic merger; EVP retires

## Summary
- 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.

## SEC filing metadata
- accession: 0000052827-26-000018
- form_type: 8-K
- cik: 0001806931
- company_name: Rayonier, L.P.
- filed_at: 2026-02-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000052827-26-000018
- JSON: https://secwatch.observer/filing/0000052827-26-000018.json
- Plain text: https://secwatch.observer/filing/0000052827-26-000018.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $1,809.5 million
  - Counterparty: 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
  - Rate: Term SOFR Rate or a Daily Simple SOFR Rate plus an applicable margin (currently
  - Maturity: 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
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1806931/000005282726000018/0000052827-26-000018-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: 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
  - Value: $1,809.5 million
  - Effective: 2026-01-30
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1806931/000005282726000018/0000052827-26-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.