{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-044534","form_type":"8-K","ticker":"RYAM","cik":"0001597672","company_name":"RAYONIER ADVANCED MATERIALS INC.","filed_at":"2024-10-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.922086+00:00","generated_at":"2026-05-30T09:14:47.608773+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"RYAM closes $700M secured term loan to refinance 2026 notes and existing debt","bullets":["$700M senior secured term loan from Oaktree, Silver Point, Blue Torch; interest = 3M Term SOFR + 7.00%.","Proceeds used to purchase/defease 7.625% 2026 notes and repay existing 2027 term loan.","Covenant: max consolidated secured net leverage 5.00x thru FY2025, stepping to 4.50x by 2027.","Prepayment subject to make-whole plus 2% (first 18 mos), then 2% (next 6 mos), 1% (next 12 mos); par after 36 mos.","CEO says deal strengthens capital structure, provides flexibility for strategic investments and deleveraging."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-044534","json":"https://secwatch.observer/filing/0001140361-24-044534.json","markdown":"https://secwatch.observer/filing/0001140361-24-044534.md","text":"https://secwatch.observer/filing/0001140361-24-044534.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1597672/000114036124044534/0001140361-24-044534-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1597672/000114036124044534/ef20037818_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T09:14:47.608773+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}