secwatch.observer — SEC 8-K summary
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Issuer:     RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK:        0001597672
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001140361-24-045744
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 1.02, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RYAM closes $700M term loan, repays existing debt, extends ABL to 2029
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- Borrowed $700M under new senior secured term loan facility to refinance existing debt and redeem 7.625% 2026 Notes.
- Amended ABL facility: revolver commitments cut from $200M to $175M; maturity extended to November 2029.
- Prepaid and terminated Existing Term Loan Credit Agreement (July 2023) and Existing Pari Passu Credit Agreement.
- Legally defeased all remaining 2026 Notes; redemption set for Jan 15, 2025 at 100% principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597672/000114036124045744/0001140361-24-045744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597672/000114036124045744/ef20038266_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-045744

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