other material
confidence high
sentiment positive
materiality 0.75
RYAM raises €67M green capital for BioNova subsidiary; targets $40M+ EBITDA by 2027
RAYONIER ADVANCED MATERIALS INC.
- €37M secured term loans from Crédit Lyonnais, Arkéa Banque, BNP Paribas at ~5% floating rate, ~7-year maturity.
- €30M preferred equity from Swen Capital Partners for 20% stake in RYAM BioNova SAS; subsidiary valued >$160M.
- Funds to be used for second-generation bioethanol plant and prebiotics projects.
- CEO expects BioNova initiatives to generate over $40M EBITDA in 2027.