debt
confidence high
sentiment neutral
materiality 0.60
RYAM actively negotiating refinancing of 5.5% notes due June 2024; discloses Tartas facility financials
RAYONIER ADVANCED MATERIALS INC.
- RYAM is in active negotiations to refinance its 5.5% senior unsecured notes maturing June 2024.
- Tartas facility (France): LTM revenue $193M, net assets $208M, income from cont. ops $14M.
- LTM adjusted EBITDA for Tartas $37M.
- Tartas represents ~11% of total revenue, 17% of adjusted EBITDA, and 25% of total net assets.