debt
confidence high
sentiment neutral
materiality 0.50
RYAM consummates cash tender offer for $135.5M of its 7.625% Senior Secured Notes due 2026
RAYONIER ADVANCED MATERIALS INC.
- Accepted $135,486,000 aggregate principal (29.93% of outstanding notes) validly tendered; payment made Nov 7, 2024.
- Tender offer expired Nov 4, 2024; guaranteed delivery deadline was Nov 6, 2024.
- Issuer intends to legally defease remaining outstanding notes not purchased.
- Sole dealer manager: Houlihan Lokey Capital, Inc.