---
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"
generated_at: "2026-05-30T09:14:47.608773+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RYAM closes $700M secured term loan to refinance 2026 notes and existing debt

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-044534
- JSON: https://secwatch.observer/filing/0001140361-24-044534.json
- Plain text: https://secwatch.observer/filing/0001140361-24-044534.txt

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